NASDAQ$LMB

Limbach Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported increased gross profit and net income, driven by growth in the ODR segment and improved GCR margins

Limbach Holdings reported a decrease in revenue for Q4 2021, but net income increased due to improved gross profit and reduced interest expense. The ODR segment saw revenue growth, while the GCR segment experienced a decline. The company is focused on higher margin projects and risk management.

  • Q4 2021 revenue decreased by 2.7% year-over-year to $126.8 million.
  • Gross margin increased to 20.1% from 14.3% due to gross profit write-ups and higher GCR margins.
  • Net income increased to $4.3 million, compared to $0.4 million in the prior year.
  • Adjusted EBITDA increased by 112.5% to $9.5 million.

Headline financials

Total Revenue

$127M

Previous: $130M-2.7%
EPS (adj)

$0.41

Previous: $0.05+720.0%
Capital Expenditures

$104K

Previous: $367K-71.7%
Free Cash Flow

-$7.56M

Previous: $4.22M-279.1%
Net Income

$4.3M

Previous: $387K+1011.1%
Operating Income

$6.58M

Previous: $2.55M+158.4%
Gross Profit

$25.5M

Previous: $18.7M+36.8%
Cash & Equivalents

$14.5M

Previous: $42.1M-65.7%
Total Assets

$268M

Previous: $262M+2.0%
Stock-Based Comp

$585K

Previous: $329K+77.8%

Revenue & EPS history

Limbach · Revenue · Quarterly

$127M

Q4 2021-2.7%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Limbach's 2022 sales and project scheduling are governed by their risk management methodology.

Tailwinds

  • Proposal activity is above levels at this time a year ago.
  • Securing a range of project wins in both segments.
  • Being selective on pricing.
  • Bottom-line focused approach.
  • Risk management methodology governing sales and project scheduling.

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 2021

Historical avgQ4 2021

+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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