Limbach Holdings, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
March 13, 2024 at 04:11 pm EDT
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Limbach Holdings, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 142.69 million compared to USD 143.48 million a year ago. Net income was USD 5.25 million compared to USD 3.81 million a year ago.
Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.35 a year ago.
Limbach Holdings, Inc. is an integrated building systems solutions company. The Company partners with the owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure. The Company operates in two segments: General Contractor Relationships (GCR), and Owner Direct Relationships (ODR). The GCR segment manages new construction or renovation projects that involve primarily mechanical, plumbing, or electrical services awarded to the Company by general contractors or construction managers. Through the ODR segment, the Company performs owner direct construction projects and/or provides maintenance or services primarily on mechanical, plumbing or electrical systems, building controls and specialty contracting projects direct to, or assigned by, building owners or property managers. The Company works with six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment.