Limbach Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:40 am IST
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Limbach Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 124.88 million compared to USD 116.12 million a year ago. Net income was USD 5.32 million compared to USD 0.866 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.08 a year ago.
For the six months, sales was USD 245.89 million compared to USD 230.94 million a year ago. Net income was USD 8.31 million compared to net loss of USD 0.65 million a year ago. Basic earnings per share from continuing operations was USD 0.79 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to diluted loss per share from continuing operations of USD 0.06 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.