Limbach Holdings Reports Record Q3 2026 Revenue Driven by Organic Growth and Acquisitions
Limbach Holdings, Inc. (LMB) delivered strong third-quarter 2026 results, reporting record revenue of $230.5 million, a 24.9% increase year-over-year. The growth was fueled by robust organic project execution and significant contributions from recent acquisitions, including CYMCOR and 1901 businesses. Notably, the Owner Direct Relationships (ODR) segment returned to organic growth after facing timing challenges in the first half of the year. Financial performance remained healthy with Adjusted EBITDA rising 25.9% to $27.4 million. While gross margins saw a slight compression to 23.4% due to lower-margin profiles from new acquisitions and a higher mix of General Contractor Relationship (GCR) revenue, net income increased to $0.79 per diluted share. Management provided optimistic full-year guidance, with current performance tracking toward the high end of their projected revenue and EBITDA ranges.
Tickers: $LMB
Topics: acquisitions adjusted EBITDA net income organic growth revenue growth