LIMBACH HOLDINGS Reports Q2 FY2023 Earnings Results
August 24, 2023
🌥️Earnings Overview
For the second quarter of FY2023, LIMBACH HOLDINGS ($NASDAQ:LMB) reported total revenue of USD 124.9 million, representing a 7.5% increase from the year-ago quarter. Net income for Q2 2023 was USD 5.3 million, compared to the 0.9 million reported in Q2 2022.
Stock Price
On Wednesday, LIMBACH HOLDINGS announced their second quarter earnings results of FY2023. The stock opened at $28.0 and closed the day at $27.6, representing an increase of 0.7% from its prior closing price of $27.4. This was attributed to strong sales across its businesses in the construction, engineering and maintenance services industries. This was mainly due to improved operating efficiency and cost management initiatives.
The strong results demonstrate that LIMBACH HOLDINGS is making steady progress in achieving its long-term growth objectives. The company is planning to make additional investments in its businesses to further drive growth and profitability in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Limbach Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 511.73 | 15.76 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Limbach Holdings. More…
| Operations | Investing | Financing |
| 49.05 | -1.44 | -21.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Limbach Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 267.43 | 161.77 | 9.99 |
Key Ratios Snapshot
Some of the financial key ratios for Limbach Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.0% | 29.0% | 4.7% |
| FCF Margin | ROE | ROA |
| 9.2% | 14.6% | 5.6% |
Analysis
At GoodWhale, we have conducted an analysis of LIMBACH HOLDINGS‘s financials. Based on our Risk Rating, we have concluded that LIMBACH HOLDINGS is a high risk investment. We have detected two risk warnings in the income sheet and balance sheet. If you want to find out more about the details, please register at goodwhale.com and check it out. More…
Peers
It competes with several other large and well-established companies such as Comfort Systems USA Inc, Totetsu Kogyo Co Ltd and Yau Lee Holdings Ltd. All of these companies are well-respected in the industry and offer a range of services and products within their respective areas of expertise.
– Comfort Systems USA Inc ($NYSE:FIX)
Comfort Systems USA Inc. is a national provider of commercial, industrial, and institutional HVAC services. With a market cap of 5.04B and a ROE of 15.89%, Comfort Systems USA Inc. is a leader in the HVAC industry. The company is dedicated to providing its customers with quality service and innovative solutions to their HVAC needs. The company’s strong financial performance is evident in its market capitalization and ROE, both of which are above industry averages, signaling the success of their business model and the confidence of their investors.
– Totetsu Kogyo Co Ltd ($TSE:1835)
Totetsu Kogyo Co Ltd is a publicly listed Japanese company. The company primarily operates in the transportation, logistics and industrial machinery sectors. As of 2023, Totetsu Kogyo Co Ltd has a market capitalization of 96.36 billion yen, making it one of Japan’s largest companies. Additionally, the company has a return on equity (ROE) of 5.63%, indicating that it is generating healthy returns for its shareholders. Totetsu Kogyo Co Ltd has established itself as a leading player in its respective industry and is well-positioned to benefit from the continued growth of the Japanese economy.
– Yau Lee Holdings Ltd ($SEHK:00406)
Yau Lee Holdings Ltd is a Hong Kong-based conglomerate with a diversified portfolio of businesses. Founded in 1932, the company has grown steadily over the years and now has a market capitalization of 648.32M as of 2023. The company has a return on equity of 3.16% which is considered to be fairly average for its size. The company is involved in a range of industries such as construction, property investment, and manufacturing. Its operations are spread across the globe, with a presence in both emerging and developed markets. It strives to create value for shareholders by implementing sound business strategies and pursuing growth opportunities.
Summary
LIMBACH HOLDINGS saw strong financial performance in the second quarter of FY2023, with total revenue increasing by 7.5% year-over-year and net income rising to USD 5.3 million. This is an encouraging sign for investors, as this means the company is continuing to grow despite the difficult economic conditions. Furthermore, the company’s long-term outlook looks promising given its focus on growth and expansion into new markets. Investors should consider LIMBACH HOLDINGS as a potential addition to their portfolio given its strong financial performance and potential for future growth.
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