Q2 2018 Revenues up 18.4% Versus Prior Year;
Aggregate Backlog of $492.5 million at Quarter End
Conference Call Scheduled for 9:00am ET
Wednesday August 15, 2018
Limbach Holdings, Inc. (NASDAQ:LMB) (“Limbach” or the “Company”)
today announced financial results for the quarter ended June 30,
2018. Total Q2 2018 revenues increased 18.4% versus the prior year
period to $139.5 million. Construction segment revenue grew 18.2%
from the prior year period while Service segment revenues gained
19.3%.
Other key financial highlights of the quarter included:
- Gross margin was 11.3% in the second
quarter of 2018, compared with 13.2% in the second quarter of the
prior year. During the second quarter of 2018, gross profit was
negatively impacted by $3.6 million of project-related write-downs
in the Company’s Mid-Atlantic branch. Excluding the impact of the
Mid-Atlantic branch’s second quarter 2018 results, gross margin
would have been 14.8%, an increase of 180 basis points year over
year.
- Construction revenue growth of 18.2%
versus the same quarter in 2017 was primarily the result of strong
activity levels in the New England, Southern California, Ohio,
Florida and Mid-Atlantic regions, partially offset by declines in
the Michigan and Western Pennsylvania regions.
- Service segment revenue increased 19.3%
to $25.8 million in the second quarter of 2018, compared with $21.6
million in the year-ago quarter.
- Selling, general and administrative
(“SG&A”) expenses totaled $13.7 million in the second quarter
of 2018, down from $15.7 million in the first quarter of 2018 and
up modestly from $12.8 million in the second quarter of 2017. As a
percentage of revenues, second quarter 2018 SG&A expenses were
9.8%, compared with 13.0% in the first quarter of 2018 and 10.9% in
the second quarter of 2017.
- Net income attributable to Limbach
Holdings, Inc. common stockholders in the second quarter of 2018
was $0.7 million, compared with $0.4 million for the same quarter
of 2017.
- Construction operations contributed
81.5% of total revenue, while Service operations contributed
18.5%.
- Aggregate backlog at June 30, 2018 was
$492.5 million, compared with $452.5 million at March 31, 2018 and
$461.4 million at December 31, 2017. Current backlog consists of
$47.2 million of Service work and $445.3 million of Construction
work. Limbach expects approximately $217.4 million of current,
aggregate backlog to be recognized as revenue in fiscal 2018.
- The Company is increasing 2018 revenue
guidance by $10 million to a range from $530 million to $550
million while reducing Adjusted EBITDA guidance to a range from $18
million to $20 million.
Management Commentary
Charlie Bacon, CEO of Limbach, commented, “Last quarter I noted
how our sales activity was off to a great start in 2018 and that
momentum has not only continued but accelerated in the second
quarter. We ended the quarter with backlog of $492.5 million, with
an additional $381 million of business that has been promised to us
but not yet recorded as backlog. These sales are spread across the
company, with a large portion of the promised business being won by
our new office in downtown Detroit. We are very pleased to see that
office generating such immediate opportunities, which is on the
heels of the completion of the Detroit Red Wings arena, the largest
contract in the company's history. Detroit is coming back strong
and Limbach is well positioned to continue to capture new business
for both our construction and service segments.”
Mr. Bacon continued, “Overall, macro conditions in our industry
– non-residential construction – are very strong and we are
optimistic that this dynamic will remain in place for the next
several years. We did unfortunately continue to face scheduling
issues in our Mid-Atlantic branch on several projects which
resulted in additional write-downs. We have taken significant steps
in response, including the transfer of key operational management
resources from other branches to complete our contracted work and
pursue recovery on several large projects where scheduling issues
impacted our results. A number of these large-scale projects have
now been substantially completed.”
Mr. Bacon added, "Regarding our acquisition activities, our team
has reviewed over 100 companies and are actively continuing our
examination of approximately 30 companies in our pipeline. We are
in various late stage discussions with several attractive companies
and remain laser focused on our criteria and our focused strategic
growth plan. I look forward to sharing more information during our
scheduled earnings call."
Second Quarter Summary
Revenues
Second quarter 2018 revenues of $139.5 million were up 18.4%
versus $117.8 million for the prior year period, as both the
Construction and Service segments recorded strong growth.
Construction segment revenues of $113.7 million were up 18.2% while
Service segment revenues of $25.8 million were up 19.3%.
Construction operations accounted for 81.5% of revenues while
Service operations provided the remaining 18.5%.
Gross Margin
Gross margin for the second quarter of 2018 was 11.3%, compared
with 13.2% in the year ago quarter. Service segment gross margin
improved to 24.4%, compared with 21.1% in the year ago quarter, as
service work volume increased along with more favorable project
pricing. Construction gross margin decreased $1.5 million or 13.5%
during the second quarter of 2018 due to write-downs of
approximately $3.9 million on seven jobs, resulting from revisions
in contract estimates. As a result, Construction segment gross
margin was 8.4% for the second quarter of 2018 compared to 11.4%
for the second quarter of 2017. Excluding the second quarter 2018
results of the Mid-Atlantic branch, consolidated gross margin would
have been 14.8%. On a dollar basis, gross profit in the second
quarter was $15.8 million, compared with $15.5 million for the
prior year period.
Selling, General and Administrative
(“SG&A”) Expense
Second quarter 2018 SG&A expenses were $13.7 million,
compared to $12.8 million in the prior year period and $15.7
million in the first quarter of 2018. The year over year increase
in SG&A expenses was primarily due to $0.7 million of
stock-based compensation expense associated with restricted stock
units granted since June 30, 2017 and incremental total
segment-related expenses of $0.7 million due to higher salary and
benefits costs related to new hires at our branches, as partially
offset by a $0.3 million decrease in Corporate SG&A expense as
a result of certain nonrecurring professional fees that were only
paid in the 2017 period. As a percentage of total revenue, second
quarter 2018 SG&A expenses accounted for 9.8% compared with
10.9% in the second quarter of 2017 and 13.0% in the first quarter
of 2018. SG&A expenses as a percentage of revenue declined on
both a sequential and year over year basis as the Company was able
to hold expenses relatively level while revenues grew at a robust
rate.
Net Income
Net income attributable to Limbach Holdings, Inc. common
stockholders for the second quarter of 2018 was $0.7 million,
compared with net income of $0.4 million in the prior year period.
During the second quarter of 2017, the Company incurred a charge of
$0.2 million relating to dividends on cumulative redeemable
convertible preferred stock. Due to the completed redemption of the
preferred shares during the first quarter of 2018, the Company did
not record any charges for dividends thereon in the second quarter
of 2018.
Six Months YTD Summary
Revenues
Year-to-date 2018 revenues of $260.1 million were up 11.6%
versus $233.0 million for the prior year period. Construction
segment revenues of $210.5 million were up 12.2% while Service
segment revenues of $49.5 million were up 9.2%. Construction
operations accounted for 81.0% of revenues while Service operations
provided the remaining 19.0%.
Gross Margin
Gross margin for the first six months of 2018 was 11.2%,
compared with 12.6% in the year ago period. Service segment gross
margin was 20.8%, compared with 20.7% in the year ago period.
During the first six months of 2018, Construction segment margins
were negatively impacted by write-downs of approximately $8.0
million on nine jobs, due to revisions in contract estimates. As a
result, Construction segment gross margin was 8.9% for the
year-to-date 2018 period compared to 10.6% for the comparable 2017
period. Excluding the results of the Mid-Atlantic branch for the
first six months of 2018, gross margin would have been 15.2%. For
the first six months of 2018, one project in the Service segment
experienced a write-down of $0.9 million. On a dollar basis, gross
profit for the first six months of 2018 was $29.1 million, compared
with $29.3 million for the prior year period.
Selling, General and Administrative
Expense
Year to date 2018 SG&A expense was $29.4 million, compared
to $27.4 million in the prior year period. For the six months ended
June 30, 2018, Corporate SG&A expense included $1.1 million of
stock-based compensation expense associated with the grant of
restricted stock units. Additionally, Corporate SG&A expense
decreased by $1.2 million for the first six months of 2018 as a
result of certain nonrecurring professional fees that were only
paid during the 2017 period. For the six months ended June 30,
2018, we incurred $2.0 million of incremental combined
segment-related SG&A expense due to $2.2 million in higher
salary and benefits costs related to new hires at our branches, as
partially offset by the absence of $0.2 million in 2017 bad debt
expense related to a bankrupt customer. As a percentage of total
revenue, 2018 year to date SG&A accounted for 11.3% compared
with 11.7% in the prior year. SG&A expense as a percentage of
revenue declined as revenues grew at a faster rate than SG&A
expense.
Net Loss
Net loss attributable to Limbach Holdings, Inc. common
stockholders for the first six months of 2018 was $(3.8) million,
compared with a net loss of $(1.0) million in the prior year
period. A key item accounting for the difference in year over year
performance was $2.2 million of cash premium paid in the first six
months of 2018 related to the redemption of the Company’s
redeemable, convertible preferred stock.
Backlog
Aggregate backlog at June 30, 2018 was $492.5 million, an
increase of 8.8% compared with $452.5 million at March 31, 2018.
The Company also has commitments for $381 million of Construction
work which has not yet been recorded as backlog. Within the
aggregate backlog figures, Construction backlog at June 30, 2018
was $445.3 million, versus $413.9 million at March 31, 2018 and
$426.7 million at December 31, 2017, an increase of 7.6% and 4.4%,
respectively. In addition, Service backlog at June 30, 2018 was
$47.2 million, compared to $38.6 million as of March 31, 2018 and
$34.7 million at December 31, 2017, an increase of 22.3% and 36.0%,
respectively. The Company expects approximately $217.4 million of
total backlog to be converted to revenues within the current fiscal
year.
Balance Sheet
At June 30, 2018, the Company had current assets of $175.0
million and current liabilities of $155.7 million, representing a
current ratio of 1.12x. Working capital was $19.3 million at June
30, 2018, a decrease of $11.4 million from December 31, 2017. The
change in working capital was due to the usage of cash to pay down
the Company’s revolving credit facility, an increase in net
overbillings and the reclassification of the Company’s bridge term
loan from long-term to current due to its contractual maturity in
the next twelve months. Long-term debt was $21.1 million at June
30, 2018, up from $20.6 million at December 31, 2017.
2018 Guidance
The Company is increasing its previously announced revenue
guidance for 2018 while reducing its previously announced Adjusted
EBITDA guidance, as summarized in the table below.
FY 2018 Estimates Current
Previous Revenues $530 - $550 million $520 - $540
million Adjusted EBITDA $18 - $20 million $20 - $24 million
With respect to projected fiscal year 2018 Adjusted EBITDA, a
quantitative reconciliation is not available without unreasonable
efforts due to the high variability, complexity and low visibility
with respect to taxes and other items, which are excluded from
Adjusted EBITDA. We expect the variability of this item to have a
potentially unpredictable, and potentially significant, impact on
our future GAAP financial results.
Conference Call Details
Date: Wednesday, August 15, 2018 Time: 9:00 a.m. Eastern
Time Participant Dial-In Numbers: Domestic callers: (866)
604-1698 International callers: (201) 389-0844
Access by Webcast
The call will also be simultaneously webcast over the Internet
via the “Investor Relations” section of LMB’s website at
www.limbachinc.com or by clicking on the conference call link:
http://limbachinc.equisolvewebcast.com/q2-2018. An audio replay of
the call will be archived on the Company’s website for 365
days.
LIMBACH HOLDINGS, INC.
Condensed Consolidated Statements of
Operations
(Unaudited)
Three months ended June 30, (in thousands,
except share data and per share data)
2018
2017 Revenue $ 139,531 $ 117,838 Cost of revenue 123,733
102,300 Gross profit 15,798 15,538 Operating
expenses: Selling, general and administrative expenses 13,685
12,787 Amortization of intangibles 336 1,016 Total
operating expenses 14,021 13,803 Operating income
1,777 1,735 Other income (expenses): Interest
expense, net (799 ) (563 ) Gain (loss) on sale of property and
equipment 24 (99 ) Total other expenses (775 ) (662 ) Income
before income taxes 1,002 1,073 Income tax provision 293 404
Net income 709 669 Dividends on cumulative redeemable
convertible preferred stock 0 244 Premium paid on redemption of
redeemable convertible preferred stock 0 0 Net income
attributable to Limbach Holdings, Inc. common stockholders $ 709
$ 425
Earnings Per Share
("EPS")
Basic earnings per share for common stock: Net income attributable
to Limbach Holdings, Inc. common stockholders $ 0.09 $ 0.06
Diluted earnings per share for common stock: Net income
attributable to Limbach Holdings, Inc. common stockholders $ 0.09
$ 0.05 Weighted average number of shares outstanding:
Basic 7,542,503 7,454,564 Diluted 7,807,768 7,795,484
LIMBACH HOLDINGS, INC.
Condensed Consolidated Statements of
Operations
(Unaudited)
Six months ended June 30, (in thousands,
except share data and per share data)
2018
2017 Revenue $ 260,080 $ 233,028 Cost of revenue 230,995
203,722 Gross profit 29,085 29,306 Operating
expenses: Selling, general and administrative expenses 29,351
27,353 Amortization of intangibles 671 2,024 Total
operating expenses 30,022 29,377 Operating loss (937
) (71 ) Other income (expenses): Interest expense, net (1,568 )
(1,017 ) Gain (loss) on sale of property and equipment 40
(136 ) Total other expenses (1,528 ) (1,153 ) Loss before income
taxes (2,465 ) (1,224 ) Income tax benefit (750 ) (679 ) Net loss
(1,715 ) (545 ) Dividends on cumulative redeemable convertible
preferred stock (113 ) 482 Premium paid on redemption of redeemable
convertible preferred stock 2,219 0 Net loss
attributable to Limbach Holdings, Inc. common stockholders $ (3,821
) $ (1,027 )
Earnings Per Share
("EPS")
Basic loss per share for common stock: Net loss attributable to
Limbach Holdings, Inc. common stockholders $ (0.51 ) $ (0.14 )
Diluted loss per share for common stock: Net loss attributable to
Limbach Holdings, Inc. common stockholders $ (0.51 ) $ (0.14 )
Weighted average number of shares outstanding: Basic 7,541,965
7,454,528 Diluted 7,541,965 7,454,528
LIMBACH HOLDINGS,
INC. Condensed Consolidated Balance Sheets (in
thousands, except share data)
June 30, 2018
December 31, 2017 (Unaudited) ASSETS
Current assets: Cash and cash equivalents $ 256 $ 626
Restricted cash 113 113 Accounts receivable, net 137,357 129,343
Costs and estimated earnings in excess of billings on uncompleted
contracts 32,723 33,006 Other current assets 4,566
3,172
Total current assets 175,015 166,260 Property
and equipment, net 19,349 17,918 Intangible assets, net 13,554
14,225 Goodwill 10,488 10,488 Deferred tax asset 4,415 3,664 Other
assets 490 465
Total assets $
223,311 $ 213,020
LIABILITIES
Current liabilities: Current portion of long-term debt $
13,479 $ 6,358 Accounts payable, including retainage 61,422 67,438
Billings in excess of costs and estimated earnings on uncompleted
contracts 43,950 28,543 Accrued income taxes 0 2,220 Accrued
expenses and other current liabilities 36,821 30,925
Total current liabilities 155,672 135,484 Long-term
debt 21,063 20,556 Other long-term liabilities 1,116
861
Total liabilities 177,851 156,901 Commitments and
contingencies Redeemable convertible preferred stock, net, par
value of $0.0001, 1,000,000 shares authorized, no shares issued and
outstanding at June 30, 2018 and 280,000 issued and outstanding at
December 31, 2017 ($7,853 redemption value at December 31, 2017) 0
7,959
STOCKHOLDERS' EQUITY Common stock, par value $0.0001,
100,000,000 shares authorized; 7,542,249 issued and outstanding at
June 30, 2018 and 7,504,133 at December 31, 2017 1 1 Additional
paid-in capital 53,753 54,738 Accumulated deficit (8,294 )
(6,579 )
Total stockholders' equity 45,460
48,160
Total liabilities and stockholders' equity $
223,311 $ 213,020
LIMBACH HOLDINGS, INC.
Condensed Consolidated Statements of
Cash Flows
(Unaudited)
(in thousands)
Six months ended June 30,
Cash flows from operating
activities:
2018
2017
Net loss $ (1,715 ) $ (545 ) Adjustments to reconcile net income to
cash provided by operating activities: Depreciation and
amortization 2,798 5,359 Provision for doubtful accounts 47 245
Stock-based compensation expense 1,121 0 Amortization of debt
issuance costs 144 90 Deferred income tax benefit (750 ) (679 )
Accretion of preferred stock discount to redemption value 0 4
(Gain) loss on sale of property and equipment (40 ) 136 Changes in
operating assets and liabilities: (Increase) decrease in accounts
receivable (8,060 ) 11,218
(Increase) decrease in costs and estimated
earnings in excess of billings on uncompleted contracts
283 1,840 (Increase) decrease in other current assets (1,394 ) (72
) (Increase) decrease in other assets (289 ) 0 Increase (decrease)
in accounts payable (6,017 ) (11,201 )
Increase (decrease) in billings in excess
of costs and estimated earnings on uncompleted contracts
15,407 (8,987 ) Increase (decrease) in accrued taxes (2,222 ) 0
Increase (decrease) in accrued expenses and other current
liabilities 1,112 2,789 Increase (decrease) in other long-term
liabilities 255 97
Net cash provided by
operating activities 680 294
Cash flows
from investing activities: Proceeds from sale of property and
equipment 123 7 Purchase of property and equipment (2,117 ) (1,656
)
Net cash used in investing activities (1,994 ) (1,649 )
LIMBACH HOLDINGS, INC. Condensed Consolidated
Statements of Cash Flows - Continued (Unaudited) Cash
flows from financing activities: Increase in bank
overdrafts 4,869 0 Payments on Credit Agreement term loan (1,500 )
(3,365 ) Proceeds from Credit Agreement revolver 67,039 44,553
Payments on Credit Agreement revolver (66,594 ) (44,553 ) Payments
on term loan 0 (33 ) Proceeds from Bridge Term Loan 10,000 0
Payments on Bridge Term Loan (1,764 ) 0 Payments on financed
insurance premium 0 (1,164 ) Payments on capital leases (957 ) (804
) Convertible preferred stock redeemed (9,191 ) 0 Convertible
preferred stock dividends paid (875 ) 0 Taxes paid related to
net-share settlement of equity awards (83 ) 0
Net cash
provided by (used in) financing activities 944 (5,366 )
Decrease in cash and cash equivalents (370 ) (6,721 ) Cash
and cash equivalents, beginning of period 626 7,406
Cash and cash equivalents, end of period $ 256 $ 685
Supplemental disclosures of cash flow information Noncash
investing and financing transactions: Property and equipment
financed with capital leases $ 1,521 $ 718 Interest paid $ 1,184 $
927 Financed insurance premium $ 0 $ 2,135
LIMBACH HOLDINGS, INC.
Condensed Consolidated Statements of
Operations
(Unaudited)
Three months ended June 30,
Increase/(Decrease) (in thousands, except for percentages)
2018 2017 $ % Revenue
Construction $ 113,735 $ 96,221 17,514 18.2 % Service 25,796
21,617 4,179 19.3 % Total revenue 139,531 117,838
21,693 18.4 % Gross profit: Construction 9,501 10,979 (1,478
) -13.5 % Service 6,297 4,559 1,738 38.1 %
Total gross profit 15,798 15,538 260 1.7 %
Selling, general and administrative expenses: Construction
6,696 5,172 1,524 29.5 % Service 3,345 3,551 (206 ) -5.8 %
Corporate 3,644 4,064 (420 ) -10.3 % Total selling,
general and administrative expenses 13,685 12,787 898
7.0 % Amortization of intangibles (Corporate) 336
1,016 (680 ) -66.9 % Operating income (loss):
Construction 2,805 5,807 (3,002 ) -51.7 % Service 2,952 1,008 1,944
192.9 % Corporate (3,980 ) (5,080 ) 1,100 21.7 % Operating
income $ 1,777 $ 1,735 42 2.4 %
LIMBACH HOLDINGS, INC Condensed Consolidated Statements
of Operations (Unaudited) Six months
ended June 30, Increase/(Decrease) (in thousands,
except for percentages)
2018 2017 $
% Revenue Construction $ 210,545 $ 187,686 22,859
12.2 % Service 49,535 45,342 4,193 9.2 % Total
revenue 260,080 233,028 27,052 11.6 % Gross profit:
Construction 18,772 19,928 (1,156 ) -5.8 % Service 10,313
9,378 935 10.0 % Total gross profit 29,085
29,306 (221 ) -0.8 % Selling, general and
administrative expenses: Construction 14,455 12,453 2,002 16.1 %
Service 7,471 7,002 469 6.7 % Corporate 7,425 7,898
(473 ) -6.0 % Total selling, general and administrative expenses
29,351 27,353 1,998 7.3 % Amortization
of intangibles (Corporate) 671 2,024 (1,353 ) -66.8 %
Operating income (loss): Construction 4,317 7,475 (3,158 )
-42.2 % Service 2,842 2,376 466 19.6 % Corporate (8,096 ) (9,922 )
1,826 18.4 % Operating loss $ (937 ) $ (71 ) (866 ) -1219.7
%
* Use of Non-GAAP Financial
Measures
Adjusted EBITDA
In assessing the performance of our business, management
utilizes a variety of financial and performance measures. The key
measure is Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial
measure. We define Adjusted EBITDA as net income (loss) plus
depreciation and amortization expense, interest expense, and taxes,
as further adjusted to eliminate the impact of, when applicable,
other non-cash items or expenses that are unusual or non-recurring
that we believe do not reflect our core operating results. We
believe that Adjusted EBITDA is meaningful to our investors to
enhance their understanding of our financial performance for the
current period and our ability to generate cash flows from
operations that are available for taxes, capital expenditures and
debt service. We understand that Adjusted EBITDA is frequently used
by securities analysts, investors and other interested parties as a
measure of financial performance and to compare our performance
with the performance of other companies that report Adjusted
EBITDA. Our calculation of Adjusted EBITDA, however, may not be
comparable to similarly titled measures reported by other
companies. When assessing our operating performance, investors and
others should not consider this data in isolation or as a
substitute for net income (loss) calculated in accordance with
GAAP. Further, the results presented by Adjusted EBITDA cannot be
achieved without incurring the costs that the measure excludes. A
reconciliation of Adjusted EBITDA to net income (loss), the most
comparable GAAP measure, is provided below.
Reconciliation of
Adjusted EBITDA to Net income (loss)
Three months ended
Six months ended
June 30,
June 30,
(in thousands)
2018
2017
2018 2017 Net income (loss) $ 709 $ 669 $
(1,715 ) $ (545 ) Adjustments: Depreciation and amortization
1,427 2,713 2,798 5,359 Interest expense 799 563 1,568 1,017
Non-cash Stock-based compensation expense 654 0 1,121 0 Income tax
provision (benefit) 293 404 (750 ) (679 ) Adjusted
EBITDA $ 3,882 $ 4,349 $ 3,022 $ 5,152
About Limbach
Founded in 1901, Limbach is the 10th largest mechanical systems
solutions firm in the United States as determined by Engineering
News Record. Limbach provides building infrastructure services,
with an expertise in the design, installation and maintenance of
HVAC and mechanical, electrical, and plumbing systems for a
diversified group of commercial and institutional building owners.
Limbach employs more than 1,500 employees in 14 offices throughout
the United States. The Company’s full life-cycle capabilities, from
concept design and engineering through system commissioning and
recurring 24/7 service and maintenance, position Limbach as a
value-added and essential partner for building owners, construction
managers, general contractors and energy service companies.
Forward-Looking
Statements
We make forward-looking statements in this press release within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements relate to expectations or
forecasts for future events, including, without limitation, our
earnings, adjusted EBITDA, revenues, expenses, capital expenditures
or other future financial or business performance or strategies,
results of operations or financial condition. These statements may
be preceded by, followed by or include the words “may,” “might,”
“will,” “will likely result,” “should,” “estimate,” “plan,”
“project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,”
“seek,” “continue,” “target” or similar expressions. These
forward-looking statements are based on information available to us
as of the date they were made, and involve a number of risks and
uncertainties which may cause them to turn out to be wrong.
Accordingly, forward-looking statements should not be relied upon
as representing our views as of any subsequent date, and we do not
undertake any obligation to update forward-looking statements to
reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws. As a
result of a number of known and unknown risks and uncertainties,
our actual results or performance may be materially different from
those expressed or implied by these forward-looking statements.
Please refer to our most recent annual report on Form 10-K , which
is available on the SEC’s website (www.sec.gov), for a full
discussion of the risks and other factors that may impact any
forward-looking statements in this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180814005685/en/
Investor Relations:The Equity Group Inc.Jeremy Hellman,
CFA, 212-836-9626Senior Associatejhellman@equityny.comorLimbach
Holdings, Inc.John T. Jordan, Jr., 301-623-4799Executive Vice
President and Chief Financial Officerjohn.jordan@limbachinc.com
Limbach (NASDAQ:LMB)
Historical Stock Chart
From Feb 2024 to Mar 2024
Limbach (NASDAQ:LMB)
Historical Stock Chart
From Mar 2023 to Mar 2024