Limbach Holdings Reports First Quarter 2019 Results
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Limbach Holdings (LMB) Misses Q1 EPS by 20c, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus
May 15, 2019 4:14 PM EDTLimbach Holdings (NASDAQ: LMB) reported Q1 EPS of ($0.28), $0.20 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $134 million versus the consensus estimate of $129 million.
Construction segment revenue increased to $104.7 million, or 8.1%, primarily due to continued strong activity in the Florida, Ohio and New England regions.Service segment revenue increased to $29.3 million, or 23.3%, primarily due to growth in the Florida and New England regions.Gross margin increased 400 basis points to 15.0%;Construction segment gross margin improved 310 basis points to 12.7%Service segment gross margin increased... More