NASDAQ$LMB

Limbach Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Limbach Holdings reported fiscal year 2019 results, with revenue increasing by 1.2% and gross margin expanding to 13.0%.

Limbach Holdings reported a 1.2% increase in revenue for fiscal year 2019, with improved gross margins and an 86% improvement in Adjusted EBITDA. However, continuing challenges in the Southern California market weighed on the overall performance.

  • Fiscal year 2019 revenue increased by 1.2% to $553.3 million.
  • Gross margin expanded by 210 basis points to 13.0%.
  • Net loss for the year was $1.8 million.
  • Adjusted EBITDA increased by 86% to $16.8 million.

Headline financials

Total Revenue

$139M

Previous: $151M-8.3%
EPS (adj)

$0.13

Previous: $0.48-72.9%
Capital Expenditures

$471K

Previous: $429K+9.8%
Free Cash Flow

$16.2M

Previous: $22.7M-28.6%
Net Income

$995K

Previous: $3.37M-70.5%
Operating Income

$3.03M

Previous: $4.95M-38.7%
Gross Profit

$16.7M

Previous: $19.7M-15.3%
Cash & Equivalents

$8.34M

Previous: $1.62M+415.4%
Total Assets

$262M

Previous: $254M+3.1%
Stock-Based Comp

$393K

Previous: $496K-20.8%

Revenue & EPS history

Limbach · Revenue · Quarterly

$139M

Q4 2019-8.3%vs Q4 2018
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Limbach has developed and implemented aggressive cost reduction and liquidity enhancement plans in response to the COVID-19 pandemic, focusing on near-term performance and managing the business with a heightened sense of urgency.

Tailwinds

  • Focusing on near-term performance.
  • Managing the business with a heightened sense of urgency.
  • Pursuing opportunities with customers that meet their urgent needs, particularly in the healthcare market.
  • Continuing to focus on liquidity.
  • Aggressive cost reduction and liquidity enhancement plans.

Headwinds

  • Uncertainty due to the COVID-19 pandemic.
  • Significant headwinds in the last several months.
  • Some reduction in construction and service activity.
  • Impacts to productivity.
  • Premature to speculate about timelines with respect to the virus and its collateral impacts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.8%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+6.1%

Avg return

30 days after

59%

26 / 44 earnings

Positive

+27.5%

Q3 2024

Best reaction

-42.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.9%-29.7%-17.6%
Q4 2025-1.6%-7.9%-9.8%
Q3 2025-7.3%-14.0%-18.8%
Q1 2025+11.2%+18.4%+29.8%
Q4 2024+15.6%+11.0%+12.7%
Q3 2024+27.5%+31.7%+36.0%
Q2 2024+13.9%+13.0%+18.0%
Q1 2024-1.1%+4.7%+19.0%
Q4 2023-16.0%-14.8%-20.3%
Q3 2023+16.3%+16.5%+38.3%
Q2 2023+22.7%+18.9%+31.3%
Q1 2023+18.6%+13.6%+37.9%
Q4 2022+7.8%+15.9%+22.1%
Q3 2022+14.2%+13.7%+42.9%
Q2 2022+4.6%+14.9%+42.1%
Q1 2022-5.8%-1.7%+13.4%
Q4 2021-3.4%-7.7%-7.0%
Q3 2021+1.4%-2.0%+3.4%
Q2 2021-10.3%-7.8%-26.0%
Q1 2021-12.1%-11.2%-10.1%
Q4 2020+2.3%-9.3%-3.6%
Q3 2020+1.2%+9.8%+40.1%
Q2 2020+4.0%+13.9%+56.4%
Q1 2020+25.5%+21.3%+13.9%
Q4 2019+1.4%-7.3%+9.8%
Q3 2019-33.8%-36.8%-37.5%
Q2 2019-42.4%-44.0%-40.5%
Q1 2019+20.1%+35.1%+5.4%
Q4 2018+12.4%+17.7%+7.2%
Q3 2018-19.8%-22.0%-25.1%
Q2 2018-3.1%-6.6%-9.5%
Q1 2018-3.7%-4.3%-14.5%
Q4 2017+3.4%+8.8%+5.1%
Q3 2017-6.5%-7.6%-0.2%
Q2 2017+3.9%+2.5%+5.9%
Q4 2016+0.1%-2.4%-7.6%
Q1 2017+0.1%-0.9%-4.5%
Q3 2016+6.1%+5.4%-8.0%
Q4 2015+0.7%
Q2 2015+0.6%
Q1 2015-0.3%
Q4 2014+0.0%
Q3 2014+0.0%
Q2 2014-0.1%

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