Limbach Reports Q4 Adjusted EPS of $1.40, Revenue Misses by $8.9M
Limbach reported Q4 net income of $12.3 million, or $1.02 per share, and adjusted EPS of $1.40, above the $1.28 estimate. Revenue of $186.9 million missed the $195.8 million forecast, and 2026 EBITDA guidance of $92 million lags the $93.5 million consensus; the company will relocate its headquarters to Tampa.
1. Q4 Earnings Performance
Limbach Holdings posted net income of $12.3 million in Q4, or $1.02 per share, and delivered adjusted earnings per share of $1.40, a 13.3% beat over the $1.28 analyst estimate and up from $1.15 a year ago.
2. Revenue Results
Quarterly revenue reached $186.9 million, representing 30.1% year-over-year growth but falling $8.9 million short of the $195.8 million forecast, driven by weaker activity in select project segments.
3. 2026 Outlook and Guidance
Fiscal 2026 EBITDA guidance was set at a $92 million midpoint, trailing the $93.5 million consensus, while full-year revenue is targeted around $745 million, indicating a cautious near-term growth outlook.
4. Headquarters Relocation
The company announced plans to relocate its corporate headquarters from Warrendale, Pennsylvania, to Tampa, Florida, with timing and financial terms yet to be disclosed.