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AI compiled from Infoway · 6 analyzed stories

LMB: Record Q3 revenue and higher Adjusted EBITDA support high-end FY guidance

Limbach reported record third-quarter revenue of $230.5 million, up 24.9%, and Adjusted EBITDA, a measure of operating earnings, of $27.4 million, up 25.9%. The company expects fiscal 2026 revenue and Adjusted EBITDA near the high end of its guidance, while acquisitions and a higher GCR mix weighed on gross margin.

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What happened

Limbach Holdings reported third-quarter 2026 revenue of $230.5 million, up 24.9% from a year earlier, and record adjusted EBITDA of $27.4 million, up 25.9%. It said full-year revenue and adjusted EBITDA were tracking near the high end of its guidance. Its shares rose 19.10% after hours Tuesday.

Global impact / market context

The results point to stronger business activity and earnings, which can support investor confidence. But acquisitions and a shift toward more GCR work weighed on gross margin, so strong sales do not show whether profitability will keep improving.

What to watch

  1. Check the next report for revenue growth, to see whether the recent increase continues.
  2. Check adjusted EBITDA against the company’s guidance, to see whether earnings remain near its expected high end.
  3. Check gross margin and the effect of acquisitions and GCR work, because both weighed on margin in the reported quarter.

Affected assets

  • Limbach Holdings, Inc.

Evidence