Limbach Holdings, Inc Common StockLMB
Recorded
Limbach Holdings, Inc Common Stock 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
PeriodQ2 2026Duration41 min
Key takeaways
- Limbach Holdings reported second quarter 2026 revenue of $173.5 million, up from $142.2 million in Q2 2025, primarily due to the $30.9 million revenue contribution from Pioneer Power.
- Organic revenue decreased 3.4%, while acquisition-related revenue increased 21.3%.
- Gross profit declined 6.4% to $37.3 million with gross margin falling to 21.5% from 28%, impacted by the lower margin profile of Pioneer Power and competitive pressures in data center markets.
- SG&A expenses increased to $28.1 million, but as a percentage of revenue decreased to 16.2%.
- Net income decreased 38.8% to $4.7 million, with diluted EPS of $0.39 compared to $0.64 in the prior year.
- Adjusted EBITDA fell 22.3% to $13.9 million with margin declining to 8%.
- Operating cash flow was $18.7 million, the second highest Q2 since going public, and free cash flow was $13.7 million.
- The company completed the acquisition of Simcor for $30 million, expanding its geographic footprint and data center program management capabilities.
- Bookings totaled $182 million in Q2, marking the third consecutive quarter of strong bookings and totaling $616 million over the last three quarters.
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