Limbach Q2 revenue misses estimates, cuts adjusted EBITDA forecast
LMB•Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the construction & engineering peer group is "buy".
Wall Street's median 12-month price target for Limbach Holdings Inc is $110.00, about 50.2% above its August 3 closing price of $73.25.
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 26 three months ago.
Quarterly results miss revenue estimates
US building systems firm Limbach said second-quarter revenue rose 22% but missed analyst expectations. Adjusted diluted EPS for the quarter declined from the prior year.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $173.46 mln | $177.25 mln (5 Analysts) |
| Q2 Net Income | $4.75 mln | ||
| Q2 Gross Profit | $37.29 mln | ||
| Q2 Operating Expenses | $30.04 mln |
Guidance raised for revenue, lowered for EBITDA and margin
Limbach raised its FY 2026 revenue guidance to $760 mln-$790 mln from $730 mln-$760 mln. The company lowered its FY 2026 adjusted EBITDA forecast to $78 mln-$84 mln from $90 mln-$94 mln.
Limbach also said it expects FY 2026 gross margin of 23%-24%, down from a prior 26%-27% forecast.
