Cash flow Limbach Holdings, Inc.

Equities

LMB

US53263P1057

Construction & Engineering

Market Closed - Nasdaq Other stock markets 21:00:00 15/01/2026 GMT			5-day change	1st Jan Change
86.67 ^USD	+3.30%		+12.56%	+11.33%

01-13	Limbach Holdings, Inc. Appoints Management Team, Effective January 13, 2026	CI
01-05	Limbach announces appointment of new independent director	RE

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Published financial data: LIMBACH HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	568M	490M	497M	516M	519M
Total Revenues	568M	490M	497M	516M	519M
Cost of Goods Sold, Total	487M	404M	403M	397M	374M
Gross Profit	81.39M	85.91M	93.74M	119M	144M
Selling General & Admin Expenses, Total	63.6M	71.44M	77.88M	85.4M	97.2M
Amortization of Goodwill and Intangible Assets - (IS)	630K	484K	1.57M	1.88M	4.69M
Other Operating Expenses, Total	64.23M	71.92M	79.45M	87.28M	102M
Operating Income	17.16M	13.99M	14.3M	32.01M	42.39M
Interest Expense, Total	-8.63M	-2.57M	-1.83M	-2.17M	-1.84M
Interest And Investment Income	-	-	-	1.22M	2.23M
Net Interest Expenses	-8.63M	-2.57M	-1.83M	-953K	392K
Other Non Operating Income (Expenses)	-1.63M	14K	-	-	-
EBT, Excl. Unusual Items	6.89M	11.44M	12.46M	31.06M	42.79M
Merger & Related Restructuring Charges	-	-	-	-1M	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	95K	2K	281K	80K	950K
Other Unusual Items	-	-1.96M	-3.13M	-2.04M	-3.77M
EBT, Incl. Unusual Items	6.99M	9.48M	9.61M	28.1M	39.97M
Income Tax Expense	1.18M	2.76M	2.81M	7.35M	9.09M
Earnings From Continuing Operations	5.81M	6.71M	6.8M	20.75M	30.88M
Net Income to Company	5.81M	6.71M	6.8M	20.75M	30.88M
Net Income - (IS)	5.81M	6.71M	6.8M	20.75M	30.88M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	5.81M	6.71M	6.8M	20.75M	30.88M
Net Income to Common Excl. Extra Items	5.81M	6.71M	6.8M	20.75M	30.88M
Per Share Items
Net EPS - Basic	0.74	0.67	0.65	1.93	2.75
Basic EPS - Continuing Operations	0.74	0.67	0.65	1.93	2.75
Basic Weighted Average Shares Outstanding	7.87M	10.01M	10.43M	10.77M	11.24M
Net EPS - Diluted	0.72	0.66	0.64	1.76	2.57
Diluted EPS - Continuing Operations	0.72	0.66	0.64	1.76	2.57
Diluted Weighted Average Shares Outstanding	8.07M	10.23M	10.68M	11.81M	12.03M
Normalized Basic EPS	0.55	0.71	0.75	1.8	2.38
Normalized Diluted EPS	0.53	0.7	0.73	1.64	2.22
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	23.33M	19.94M	22.45M	40.26M	54.28M
EBITA	17.78M	14.47M	15.86M	33.89M	47.08M
EBIT	17.16M	13.99M	14.3M	32.01M	42.39M
EBITDAR	28.34M	24.66M	26.54M	43.79M	58.4M
Effective Tax Rate - (Ratio)	16.91	29.15	29.24	26.14	22.75
Current Domestic Taxes	2.48M	1.01M	3.31M	7.7M	9.44M
Total Current Taxes	2.48M	1.01M	3.31M	7.7M	9.44M
Deferred Domestic Taxes	-1.3M	1.76M	-499K	-350K	-352K
Total Deferred Taxes	-1.3M	1.76M	-499K	-350K	-352K
Normalized Net Income	4.31M	7.15M	7.79M	19.41M	26.74M
Interest on Long-Term Debt	2.06M	505K	264K	384K	515K
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	5.01M	4.72M	4.08M	3.53M	4.12M
Imputed Operating Lease Interest Expense	5.41M	1.58M	1.08M	1.33M	1.33M
Imputed Operating Lease Depreciation	-404K	3.15M	3M	2.2M	2.79M
Stock-Based Comp., SG&A Exp. (Total)	1.07M	2.6M	2.74M	4.91M	5.77M
Total Stock-Based Compensation	1.07M	2.6M	2.74M	4.91M	5.77M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	42.15M	14.48M	36M	59.83M	44.93M
Total Cash And Short Term Investments	42.15M	14.48M	36M	59.83M	44.93M
Accounts Receivable, Total	153M	173M	186M	149M	167M
Other Receivables	-	114K	95K	-	-
Total Receivables	153M	173M	186M	149M	167M
Prepaid Expenses	-	-	-	-	-
Restricted Cash	113K	113K	113K	65K	65K
Other Current Assets, Total	4.29M	5.01M	3.89M	7.66M	8.13M
Total Current Assets	199M	193M	226M	217M	220M
Gross Property Plant And Equipment	71.95M	82.51M	78.23M	87.55M	104M
Accumulated Depreciation	-33.5M	-40.77M	-41.72M	-46.99M	-52.01M
Net Property Plant And Equipment	38.45M	41.74M	36.51M	40.56M	51.66M
Long-term Investments	-	-	300K	200K	200K
Goodwill	6.13M	11.37M	11.37M	16.37M	33.03M
Other Intangibles, Total	11.68M	16.91M	15.34M	25M	41.23M
Deferred Tax Assets Long-Term	6.09M	4.33M	4.83M	5.18M	5.53M
Other Long-Term Assets, Total	392K	259K	215K	130K	137K
Total Assets	262M	268M	295M	304M	352M
Liabilities
Accounts Payable, Total	66.76M	63.84M	75.12M	65.27M	60.81M
Accrued Expenses, Total	20.69M	21.13M	18.32M	23.1M	27.51M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	4M	7.43M	7.43M	-	-
Current Portion of Leases	6.46M	6.82M	5.7M	6.31M	7.41M
Current Income Taxes Payable	1.67M	501K	1.89M	446K	1.47M
Unearned Revenue Current, Total	46.02M	26.29M	43.81M	41.99M	44.42M
Other Current Liabilities	4.68M	3.73M	6.82M	8.04M	9.42M
Total Current Liabilities	150M	130M	159M	145M	151M
Long-Term Debt	32.59M	27.14M	13.36M	9.61M	9.63M
Long-Term Leases	19.38M	19.26M	23.81M	26.06M	31.69M
Other Non Current Liabilities	6.16M	3.54M	2.86M	2.71M	6.28M
Total Liabilities	208M	180M	199M	184M	199M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1K	1K	1K	1K	1K
Additional Paid In Capital	57.61M	85M	87.81M	92.53M	94.23M
Retained Earnings	-3.88M	2.83M	9.63M	30.39M	61.26M
Treasury Stock	-	-	-2M	-2M	-2M
Total Common Equity	53.73M	87.84M	95.44M	121M	153M
Total Equity	53.73M	87.84M	95.44M	121M	153M
Total Liabilities And Equity	262M	268M	295M	304M	352M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.25M	10.42M	10.45M	11.13M	11.35M
ECS Total Common Shares Outstanding	7.93M	10.3M	10.29M	11M	11.27M
Book Value / Share	6.78	8.52	9.27	10.99	13.62
Tangible Book Value	35.92M	59.56M	68.73M	79.54M	79.23M
Tangible Book Value Per Share	4.53	5.78	6.68	7.23	7.03
Total Debt	62.44M	60.64M	50.3M	41.98M	48.73M
Net Debt	20.29M	46.16M	14.3M	-17.86M	3.8M
Debt Equivalent Oper. Leases	40.08M	37.79M	32.66M	28.27M	32.96M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	400K	400K	400K	400K	400K
Buildings, Total	7.75M	10.72M	10.49M	11M	11.43M
Machinery, Total	21.65M	24.6M	26.06M	31.16M	39.6M
Full Time Employees	1.7K	1.65K	1.5K	1.4K	1.4K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	266K	263K	234K	292K	387K
Order Backlog	444M	435M	411M	334M	365M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	5.81M	6.71M	6.8M	20.75M	30.88M
Depreciation & Amortization - CF	5.54M	5.46M	6.59M	6.36M	7.2M
Amortization of Goodwill and Intangible Assets - (CF)	630K	484K	1.57M	1.88M	4.69M
Depreciation & Amortization, Total	6.17M	5.95M	8.16M	8.24M	11.89M
Amortization of Deferred Charges, Total - (CF)	2.16M	280K	138K	79K	43K
(Gain) Loss From Sale Of Asset	-95K	-2K	-281K	-80K	-950K
(Gain) Loss on Sale of Investments - (CF)	-	-	-310K	124K	-34K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	1.07M	2.6M	2.74M	4.91M	5.77M
Provision and Write-off of Bad Debts	100K	198K	292K	431K	201K
Other Operating Activities, Total	4.37M	7.97M	6.9M	4.51M	7.53M
Change In Accounts Receivable	29.29M	-11.65M	-13M	43M	-2.77M
Change In Accounts Payable	-19.5M	-5.58M	11.28M	-10.91M	-10.3M
Change in Unearned Revenues	4.28M	-20.4M	17.3M	-9.12M	-2.95M
Change In Income Taxes	2.15M	-1.28M	1.41M	-1.35M	1.02M
Change in Other Net Operating Assets	4.02M	-9.04M	-6.05M	-3.24M	-3.55M
Cash from Operations	39.82M	-24.23M	35.37M	57.37M	36.78M
Capital Expenditure	-1.48M	-791K	-993K	-2.27M	-7.52M
Sale of Property, Plant, and Equipment	162K	467K	498K	435K	1.54M
Cash Acquisitions	-	-18.98M	-	-15.26M	-36.59M
Investment in Marketable and Equity Securities, Total	-2K	-2K	-	-	-
Other Investing Activities, Total	-	-	-	-	7K
Cash from Investing	-1.32M	-19.3M	-495K	-17.09M	-42.57M
Short Term Debt Issued, Total	7.25M	-	15.19M	-	-
Long-Term Debt Issued, Total	-	40M	5.4M	10M	-
Total Debt Issued	7.25M	40M	20.59M	10M	-
Short Term Debt Repaid, Total	-7.25M	-	-15.19M	-	-
Long-Term Debt Repaid, Total	-4.66M	-46.74M	-16.21M	-24.18M	-3.04M
Total Debt Repaid	-11.91M	-46.74M	-31.41M	-24.18M	-3.04M
Issuance of Common Stock	191K	25.08M	309K	368K	440K
Repurchase of Common Stock	-216K	-459K	-2.42M	-847K	-5.19M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-2.02M	-433K	-1.83M	-1.32M
Cash from Financing	-4.69M	15.86M	-13.35M	-16.49M	-9.12M
Net Change in Cash	33.8M	-27.67M	21.52M	23.78M	-14.9M
Supplemental Items
Cash Interest Paid	6.47M	2.55M	2M	1.91M	1.9M
Cash Income Tax Paid (Refund)	-	2.29M	1.98M	9.16M	8.53M
Levered Free Cash Flow	34.14M	-30.32M	36.74M	55.32M	22.08M
Unlevered Free Cash Flow	37.38M	-28.99M	37.74M	56.6M	23.19M
Change In Net Working Capital	-20.9M	45.49M	-18.9M	-25.7M	13.45M
Net Debt Issued / Repaid	-4.66M	-6.74M	-10.81M	-14.18M	-3.04M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.09	3.3	3.18	6.68	8.07
Return on Total Capital	9.39	6.61	6.07	12.97	14.51
Return On Equity %	11.54	9.48	7.42	19.18	22.5
Return on Common Equity	11.54	9.48	7.42	19.18	22.5
Margin Analysis
Gross Profit Margin %	14.32	17.52	18.87	23.1	27.81
SG&A Margin	11.19	14.57	15.68	16.54	18.74
EBITDA Margin %	4.11	4.07	4.52	7.8	10.46
EBITA Margin %	3.13	2.95	3.19	6.56	9.08
EBIT Margin %	3.02	2.85	2.88	6.2	8.17
Income From Continuing Operations Margin %	1.02	1.37	1.37	4.02	5.95
Net Income Margin %	1.02	1.37	1.37	4.02	5.95
Net Avail. For Common Margin %	1.02	1.37	1.37	4.02	5.95
Normalized Net Income Margin	0.76	1.46	1.57	3.76	5.15
Levered Free Cash Flow Margin	6.01	-6.18	7.39	10.71	4.26
Unlevered Free Cash Flow Margin	6.58	-5.91	7.6	10.96	4.47
Asset Turnover
Asset Turnover	2.17	1.85	1.77	1.72	1.58
Fixed Assets Turnover	14.07	12.23	12.7	13.4	11.25
Receivables Turnover (Average Receivables)	3.39	3.01	2.77	3.08	3.28
Short Term Liquidity
Current Ratio	1.33	1.49	1.42	1.5	1.46
Quick Ratio	1.3	1.45	1.4	1.44	1.4
Operating Cash Flow to Current Liabilities	0.26	-0.19	0.22	0.4	0.24
Days Sales Outstanding (Average Receivables)	107.93	121.35	131.92	118.52	111.7
Average Days Payable Outstanding	57.52	58.93	62.92	64.53	61.61
Long Term Solvency
Total Debt/Equity	116.2	69.03	52.7	34.71	31.75
Total Debt / Total Capital	53.75	40.84	34.51	25.77	24.1
LT Debt/Equity	96.72	52.82	38.95	29.5	26.92
Long-Term Debt / Total Capital	44.74	31.25	25.51	21.9	20.43
Total Liabilities / Total Assets	79.5	67.16	67.6	60.28	56.41
EBIT / Interest Expense	1.99	5.45	7.79	14.75	23.1
EBITDA / Interest Expense	3.28	9.6	14.47	20.18	31.83
(EBITDA - Capex) / Interest Expense	3.11	9.3	13.93	19.14	27.73
Total Debt / EBITDA	2.2	2.46	1.9	0.96	0.83
Net Debt / EBITDA	0.72	1.87	0.54	-0.41	0.07
Total Debt / (EBITDA - Capex)	2.33	2.54	1.97	1.01	0.96
Net Debt / (EBITDA - Capex)	0.76	1.93	0.56	-0.43	0.07
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.69	-13.7	1.31	3.94	0.47
Gross Profit, 1 Yr. Growth %	13.23	5.56	9.12	27.25	20.95
EBITDA, 1 Yr. Growth %	62.52	-14.52	9.32	79.29	38.27
EBITA, 1 Yr. Growth %	104.21	-18.62	5.23	113.67	43.14
EBIT, 1 Yr. Growth %	112.66	-18.45	-2.02	123.95	36.7
Earnings From Cont. Operations, 1 Yr. Growth %	-427.15	15.62	1.27	205.25	48.77
Net Income, 1 Yr. Growth %	-427.15	15.62	1.27	205.25	48.77
Normalized Net Income, 1 Yr. Growth %	149.96	65.88	3.53	149.26	42.34
Diluted EPS Before Extra, 1 Yr. Growth %	-410.81	-8.33	-3.03	175	46.02
Accounts Receivable, 1 Yr. Growth %	-16.13	13.3	7.34	-19.61	11.89
Net Property, Plant and Equip., 1 Yr. Growth %	-9.19	8.55	-12.53	11.08	27.39
Total Assets, 1 Yr. Growth %	0.21	2.04	10.11	3.36	15.66
Tangible Book Value, 1 Yr. Growth %	26.35	65.81	15.4	15.73	-0.39
Common Equity, 1 Yr. Growth %	14.64	63.47	8.66	26.69	26.94
Cash From Operations, 1 Yr. Growth %	-4.4K	-160.86	-245.97	62.17	-35.88
Capital Expenditures, 1 Yr. Growth %	-44.31	-46.66	25.54	128.2	232.04
Levered Free Cash Flow, 1 Yr. Growth %	-661.83	-188.79	-222.7	50.6	-59.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.16K	-177.56	-231.9	49.96	-58.58
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.96	-5.86	-6.5	2.62	2.19
Gross Profit, 2 Yr. CAGR %	17.02	9.33	7.32	17.84	24.06
EBITDA, 2 Yr. CAGR %	85.85	17.86	-1.89	40	55.49
EBITA, 2 Yr. CAGR %	175.57	28.92	-5.56	49.95	72.29
EBIT, 2 Yr. CAGR %	300.41	31.69	-8.72	48.13	72.21
Earnings From Cont. Operations, 2 Yr. CAGR %	77.41	94.49	8.2	75.82	113.1
Net Income, 2 Yr. CAGR %	77.41	94.49	8.2	75.82	113.1
Normalized Net Income, 2 Yr. CAGR %	75.63	103.63	34.44	60.64	85.3
Diluted EPS Before Extra, 2 Yr. CAGR %	17.39	68.79	-5.72	63.3	100.39
Accounts Receivable, 2 Yr. CAGR %	-4.72	-2.52	10.28	-7.11	-5.16
Net Property, Plant and Equip., 2 Yr. CAGR %	36.86	-0.71	-2.55	-1.43	18.95
Total Assets, 2 Yr. CAGR %	1.67	1.12	6	6.68	9.34
Tangible Book Value, 2 Yr. CAGR %	25.17	44.74	38.32	15.56	7.36
Common Equity, 2 Yr. CAGR %	7.65	36.9	33.28	17.33	26.82
Cash From Operations, 2 Yr. CAGR %	25.39	411.56	-5.74	53.86	1.97
Capital Expenditures, 2 Yr. CAGR %	-38.15	-45.5	-18.17	69.26	175.26
Levered Free Cash Flow, 2 Yr. CAGR %	22.22	123.35	3.73	35.93	-22.47
Unlevered Free Cash Flow, 2 Yr. CAGR %	23.39	186.12	0.49	40.64	-21.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.37	-3.55	-3.53	-3.14	1.9
Gross Profit, 3 Yr. CAGR %	7.44	13.07	9.26	13.59	18.87
EBITDA, 3 Yr. CAGR %	15.51	43.46	16.09	19.95	38.26
EBITA, 3 Yr. CAGR %	22.82	83.51	22.12	23.98	46.18
EBIT, 3 Yr. CAGR %	41.79	135.58	21.01	23.12	42.7
Earnings From Cont. Operations, 3 Yr. CAGR %	101.29	53.81	56.46	52.89	66.29
Net Income, 3 Yr. CAGR %	101.29	53.81	56.46	52.89	66.29
Normalized Net Income, 3 Yr. CAGR %	20.06	72.32	65.32	65.16	52.62
Diluted EPS Before Extra, 3 Yr. CAGR %	76.93	8.1	40.32	34.71	57.32
Accounts Receivable, 3 Yr. CAGR %	-1.99	0.94	0.66	-0.75	-1.16
Net Property, Plant and Equip., 3 Yr. CAGR %	28.98	26.69	-4.82	1.79	7.37
Total Assets, 3 Yr. CAGR %	7.16	1.79	4.03	5.11	9.59
Tangible Book Value, 3 Yr. CAGR %	15.28	37.47	34.21	30.34	9.98
Common Equity, 3 Yr. CAGR %	3.72	23.73	26.75	31.04	20.45
Cash From Operations, 3 Yr. CAGR %	113.96	-1.45	236.79	12.95	14.92
Capital Expenditures, 3 Yr. CAGR %	-23.43	-41.13	-28.02	15.18	111.88
Levered Free Cash Flow, 3 Yr. CAGR %	58.21	9.87	82.16	17.45	-9.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	70.57	5.7	120.07	14.83	-6.77
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.39	1.87	0.45	-1.13	-1.28
Gross Profit, 5 Yr. CAGR %	12.38	9.07	7.39	14.95	14.95
EBITDA, 5 Yr. CAGR %	17.82	7.87	8.21	42.91	30.48
EBITA, 5 Yr. CAGR %	18.4	8.98	10.56	70.65	40.14
EBIT, 5 Yr. CAGR %	17.54	17.25	18.89	97.33	39.35
Earnings From Cont. Operations, 5 Yr. CAGR %	5.84	29.13	57.03	62.26	77.04
Net Income, 5 Yr. CAGR %	5.84	29.13	57.03	62.26	77.04
Normalized Net Income, 5 Yr. CAGR %	9.17	34.27	25.62	69.27	73.04
Diluted EPS Before Extra, 5 Yr. CAGR %	-21.17	28.28	37.55	27.5	61.82
Accounts Receivable, 5 Yr. CAGR %	7.58	3.48	2.75	-2.36	-1.71
Net Property, Plant and Equip., 5 Yr. CAGR %	23.8	17.62	15.3	14.59	4.06
Total Assets, 5 Yr. CAGR %	15.54	5.28	6.7	3.72	6.12
Tangible Book Value, 5 Yr. CAGR %	34.34	25.47	24	28.25	22.75
Common Equity, 5 Yr. CAGR %	45.61	13.11	14.66	21.13	26.78
Cash From Operations, 5 Yr. CAGR %	130.95	38.51	54.14	17.77	108.84
Capital Expenditures, 5 Yr. CAGR %	-9.03	-25.27	-21.37	-10.18	23.09
Levered Free Cash Flow, 5 Yr. CAGR %	10.82	40.63	33.63	19.34	29.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.19	31.66	38.04	18.18	45.62