Limbach Holdings Reports Second Quarter 2019 Results
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Limbach Holdings (LMB) Misses Q2 EPS by 39c, Revenues Miss; Affirms FY19 Revenue Outlook
August 14, 2019 4:30 PM EDTLimbach Holdings (NASDAQ: LMB) reported Q2 EPS of ($0.20), $0.39 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $132.8 million versus the consensus estimate of $138 million.
The Mid-Atlantic region recorded a second consecutive profitable quarter as the turnaround plan implemented in 2018 drove improved project execution at a lower revenue run-rate compared with 2018.Limbach continues to see strong proposal activity and demand in its key industry verticals, led by Healthcare where the Company was awarded three new hospital projects in Florida and one in... More