Limbach Reports Q3 Earnings Beat with Revenue Growth and Strong EPS
Limbach (NASDAQ: LMB) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP earnings per share (EPS) of $1.37, which surpassed estimates by $0.16. The company's revenue reached $230.5 million, representing a 24.9% increase year-over-year and beating analyst projections by $11.91 million. A key driver of this performance was the growth in Owner Direct Relationships (ODR) revenue, which rose 6.6% to $150.7 million. This segment now accounts for approximately 65.4% of Limbach's total revenue, signaling a strengthening position within its core business model.
Tickers: $LMB
Topics: earnings beat non-GAAP EPS revenue growth