Latest news with #LimbachHoldings
Yahoo
06-08-2025
- Business
- Yahoo
Limbach Holdings, Inc. (LMB): A Bull Case Theory
We came across a bullish thesis on Limbach Holdings, Inc. on Brian's Substack by Brian Flasker. In this article, we will summarize the bulls' thesis on LMB. Limbach Holdings, Inc. 's share was trading at $137.88 as of July 30th. LMB's trailing and forward P/E were 49.60 and 38.76 respectively according to Yahoo Finance. An industrial setting with an array of stainless steel pipes and connections with workers in the background. Limbach Holdings (LMB), a specialized mechanical systems firm focused on HVAC and design-build services, recently became the target of a short report by Spruce Point Capital, which questioned the company's growth sustainability, accounting practices, and M&A strategy. However, a closer look reveals the report mischaracterizes several key aspects of the business. LMB's growth has been organic and disciplined, with management shifting its focus to higher-margin Owner Direct Relationships (ODR), which now make up over 50% of gross profit. This segment, emphasizing recurring maintenance and service work, brings improved cash flow visibility and reduces cyclicality tied to large construction projects. Spruce Point's claims about aggressive accounting ignore that LMB has improved working capital management and continues to generate solid free cash flow. Concerns over acquisitions also appear overstated; the company's bolt-on deals have been small, strategically aligned, and immediately accretive, aimed at deepening regional ODR penetration. The short report also fails to account for LMB's strong backlog, favorable end-market exposure, and growing services mix, which collectively support durable mid-teens EBITDA margins. While the stock dipped following the report and a Q4 miss driven by weather and one-off charges, guidance remains intact, and execution has rebounded. With a modest valuation, clean balance sheet, and accelerating shift toward recurring revenue, LMB offers a compelling long-term story. The short thesis appears to misunderstand the company's structural evolution, creating a potential buying opportunity as fundamentals remain strong and misperceptions get corrected over time. Previously we covered a bullish thesis on Carlisle Companies (CSL) by Max Dividends in May 2025, which highlighted its leadership in construction materials, earnings growth potential, and operational excellence under Vision 2030. The company's stock price has appreciated approximately 8.19% since our coverage. Brian Flasker shares a similar perspective on Limbach (LMB) but emphasizes its pivot to recurring revenue and misunderstood fundamentals. Limbach Holdings, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held LMB at the end of the first quarter which was 25 in the previous quarter. While we acknowledge the potential of LMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
San Francisco Chronicle
05-08-2025
- Business
- San Francisco Chronicle
Limbach: Q2 Earnings Snapshot
WARRENDALE, Pa. (AP) — WARRENDALE, Pa. (AP) — Limbach Holdings, Inc. (LMB) on Tuesday reported profit of $7.8 million in its second quarter. On a per-share basis, the Warrendale, Pennsylvania-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, came to 93 cents per share. The company posted revenue of $142.2 million in the period. _____
Washington Post
05-08-2025
- Business
- Washington Post
Limbach: Q2 Earnings Snapshot
WARRENDALE, Pa. — WARRENDALE, Pa. — Limbach Holdings, Inc. (LMB) on Tuesday reported profit of $7.8 million in its second quarter. On a per-share basis, the Warrendale, Pennsylvania-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, came to 93 cents per share. The company posted revenue of $142.2 million in the period.
Business Wire
26-06-2025
- Business
- Business Wire
Limbach Holdings to Participate in CJS Annual New Ideas Summer Conference
WARRENDALE, Pa.--(BUSINESS WIRE)--Limbach Holdings, Inc. (Nasdaq: LMB), a building systems solutions firm partnering with building owners and facilities managers with mission-critical infrastructure, today announced that Michael McCann, President and Chief Executive Officer, and Jayme Brooks, Executive Vice President and Chief Financial Officer, will host one-on-one meetings with investors during the CJS Annual New Ideas Summer Conference on Thursday, July 10th, 2025, in White Plains, NY. About Limbach Limbach Holdings, Inc. (Nasdaq: LMB) is a building systems solutions firm that partners with building owners and facilities managers who have mission critical mechanical (heating, ventilation and air conditioning), electrical and plumbing infrastructure. We strive to be an indispensable partner to our customers by providing services that are essential to the operation of their businesses. We work with building owners primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment. We have approximately 1,400 team members in 20 offices across the eastern United States. Our team members uniquely combine engineering expertise with field installation skills to provide custom solutions that leverage our full life-cycle capabilities, which allows us to address both the operational and capital projects needs of our customers.
Yahoo
16-06-2025
- Business
- Yahoo
Jim Cramer on Limbach: 'I Cannot Recommend It'
Limbach Holdings, Inc. (NASDAQ:LMB) is one of the 16 stocks Jim Cramer recently discussed. A caller asked if they should consider buying LMB shares on any dips, and Cramer replied: 'This one is so high, it's got such a high price-to-earnings multiple. I cannot recommend it. I don't care how, it's like Ferguson, I guess, and people just say, you know what, I'm just going to be in there, I don't care, and I don't know why. I don't want you to be in there. Too high versus, say, Home Depot, which is just really inexpensive.' An engineer studying the blueprints of a large mechanical construction near a busy city skyline. Limbach Holdings (NASDAQ:LMB) provides specialized solutions for complex building systems, working directly with owners and facility managers to maintain and improve essential mechanical, electrical, and plumbing infrastructure. Greystone Capital Management stated the following regarding Limbach Holdings, Inc. (NASDAQ:LMB) in its Q4 2024 investor letter: 'Limbach Holdings, Inc. (NASDAQ:LMB) was the largest contributor to performance during 2024, for good reason. Their journey from here to there has been executed flawlessly (which, as an investor, I have the luxury of proclaiming), with earnings power increasing at a tremendous rate during the past 24 months. On the back of low single digit revenue growth aided by their ODR segment growing 20%, gross margins have expanded nearly 1000bps, EBITDA margins have expanded 500bps, and adjusted EBITDA has more than doubled. This has translated nicely into free cash flow, which Limbach has used to acquire additional service businesses for 4-5x EBITDA. While we acknowledge the potential of LMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
