Limbach Q2 Revenue Misses, Slashes EBITDA Outlook on Margin Pressure
LMB is trading near its 52-week low of $65.08 (1.4% above the low).
Summary
Limbach's Q2 revenue of $173.5M missed the $177.3M consensus, and the company slashed its full-year adjusted EBITDA guidance to $78M-$84M from $90M-$94M, citing lower-margin contributions from the Pioneer Power acquisition and project timing issues. Gross margin is now expected at 23%-24%, down from 26%-27%, reflecting competitive pressure in data center markets. This follows the recent $30M CYMCOR acquisition and a credit facility expansion to $125M, but the earnings miss and guidance cut signal integration challenges and margin erosion. The stock, already near its 52-week low, faces further pressure as the thesis shifts from growth to margin recovery.
At the time of this announcement, LMB was trading at $66.01 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $919.2M. The 52-week trading range was $65.08 to $138.11. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.