Limbach Holdings Reports First Quarter 2021 Results
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Limbach Holdings (LMB) Misses Q1 EPS by 22c, Revenues Miss; Offers FY21 Revenues Guidance Below Consensus
May 14, 2021 8:33 AM EDTLimbach Holdings (NASDAQ: LMB) reported Q1 EPS of ($0.25), $0.22 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $113.3 million versus the consensus estimate of $122.15 million.
Charlie Bacon, Limbachs President and Chief Executive Officer, said, This year is an inflection point for Limbach as we look to accelerate towards an owner-driven business model. We experienced the initial validation of this strategy during the first quarter as our gross margin expanded 210 basis points to 15.2% compared to last years first... More
