LIMBACH HLDGS DL-,0001

Limbach reported Q2 revenue up 22% to $173.5 million but saw gross margin fall to 21.5%, net income decline 39% to $4.7 million, and adjusted EBITDA drop 22% to $13.9 million due to project timing, softer healthcare/institutional demand and labor/material pressures. The company acquired data-center program manager CYMCOR for $30 million, expecting $12 million of revenue and $4 million of adjusted EBITDA from CYMCOR in 2027. Limbach raised its 2026 revenue guidance to $760–$790 million while lowering adjusted EBITDA guidance to $78–$84 million and characterized 2026 as a reset focused on margin improvement and data-center and industrial expansion. » More on finance.yahoo.com

Limbach is acquiring CYMCOR, a program-management and consulting firm for data center infrastructure, for a purchase price of $30 million. The acquisition will be financed with cash and the company’s expanded revolving credit facility. Limbach expects CYMCOR to generate about $12 million in professional services revenue and an adjusted EBITDA of $4 million in 2027, excluding synergies. CYMCOR manages project budgets of more than $8 billion and adds program management, commissioning oversight and strategic advisory to Limbach’s offering; Marc Robertson will remain with the company. » More on de.investing.com

Limbach Holdings reported Q1 2026 EPS of $0.64 (consensus $0.21) and revenue up 4.3% to $138.9 million. Despite the earnings beat, the stock plunged about 32.5% premarket after gross margin and adjusted EBITDA declined significantly (gross margin 22.4% vs. 27.6%; adjusted EBITDA down 41.7%). A book-to-bill ratio of 1.5 signals strong order growth; the company cites the integration of Pioneer Power and cost management as ways to improve margins. » More on de.investing.com