Limbach Holdings, Inc. (LMB)

Limbach Holdings' stock experienced a downward trend of 44.62% over the past six months. The Q3 2025 earnings report led to a stock decline due to missing EPS expectations, despite revenue growth. Limbach delivered Q2 net income and increased its full-year 2025 revenue and adjusted EBITDA guidance. The board approved a share repurchase program of up to $50.0 million. Executive leadership appointments were made to support national growth strategy. The company participated in the CJS Annual New Ideas for the New Year Conference, leading to investor optimism. An upgrade from "strong sell" to "hold" by Zacks Research was followed by a stock decline. Terry Dugan was appointed as a new independent director. The acquisition of Pioneer Power contributed to revenue but brought near-term margin dilution risk.

Demand for Limbach Holdings' products and services exhibits some seasonality, with the first quarter and first half of the year typically being softer. The company has noted a strong demand environment in its primary market sectors, with an expected acceleration in data center expansion and steady expenditures in healthcare. Tight supply chains have been driving increased demand for maintaining the uptime of existing assets, benefiting Limbach's ODR business and T&M work. There is also increased demand for energy efficiency and sustainability services.

Limbach Holdings, Inc. is an integrated building systems solutions company in the United States, specializing in the design, installation, management, service, and maintenance of critical MEP infrastructure. The company operates in the Industrials sector, focusing on Building Products & Equipment and Engineering & Construction. Limbach's business is divided into two segments: General Contractor Relationships (GCR) and Owner Direct Relationships (ODR). The company offers HVAC systems, plumbing systems, electrical systems, building controls and automation, design-build engineering, prefabrication, retrofit solutions, maintenance and repairs, energy efficiency solutions, professional and consultative services, and rental equipment solutions. Limbach serves diverse markets, including healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment facilities.

Limbach Holdings, Inc. is headquartered in Warrendale, Pennsylvania, and operates through 16 business units and over 20 offices across the United States, primarily in the Eastern U.S. and Southern California. Specific office locations include Pennsylvania, New Jersey, New England, Ohio, Michigan, Mid-Atlantic, Tennessee, Florida, and Southern California.

Limbach Holdings, Inc. was named one of the 2025-2026 U.S. News Best Companies to Work For by U.S. News & World Report. No significant negative events impacting Limbach Holdings' brand reputation in the past year were found in the provided search results.

Institutional investors hold approximately 85.52% of Limbach Holdings, Inc. stock, with major holders including BlackRock, Inc., Thrivent Financial For Lutherans, Wasatch Advisors Inc, Capital International Investors, Fmr Llc, and Vanguard Group Inc. Individual and insider ownership accounts for about 9.78% of the company's shares, with key shareholders including David S. Gellman, Larry G. Swets Jr., Kyle Cerminara, Fdg Hvac LLC, and Brian Pratt.