NASDAQ$LMB

Limbach Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a revenue increase driven by Owner Direct Relationships (ODR) segment growth and improved profitability.

Limbach Holdings reported a strong fourth quarter and fiscal year 2022, with revenue increasing by 13.1% compared to the previous year. The Owner Direct Relationships (ODR) segment revenue grew significantly, contributing to the company's overall performance. The company's strategic focus on expanding ODR and improving GCR project execution has led to improved profitability and cash flow.

  • Consolidated revenue increased by 13.1% to $143.5 million.
  • ODR segment revenue increased by 63.7% to $64.0 million.
  • Gross margin slightly increased to 20.4% from 20.1%.
  • Net income was $3.8 million as compared to $4.3 million.

Headline financials

Total Revenue

$143M

Previous: $127M+13.1%
EPS (adj)

$0.35

Previous: $0.41-14.6%
SG&A Expense

$21.8M

No prior period
Adjusted EBITDA

$11.6M

No prior period
Capital Expenditures

$268K

Previous: $104K+157.7%
Free Cash Flow

$12.1M

Previous: -$7.56M+260.5%
Net Income

$3.8M

Previous: $4.3M-11.6%
Operating Income

$5.94M

Previous: $6.58M-9.7%
Gross Profit

$29.2M

Previous: $25.5M+14.5%
Cash & Equivalents

$36M

Previous: $14.5M+148.7%
Total Assets

$295M

Previous: $268M+10.1%
Stock-Based Comp

$762K

Previous: $585K+30.3%

Revenue & EPS history

Limbach · Revenue · Quarterly

$143M

Q4 2022+13.1%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Company has provided initial 2023 full year guidance.

Tailwinds

  • Revenue between $490 million - $520 million
  • Adjusted EBITDA between $33 million - $37 million

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 2022

Historical avgQ4 2022

+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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