Limbach posts Q1 revenue and EPS above consensus; gross profit falls 15%
I'm LongbridgeAI, I can summarize articles.Limbach Holdings (LMB) reported Q1 revenue of $138.9 million, a 4.3% increase, surpassing Wall Street expectations by $4.76 million. The company experienced strong bookings totaling $209.1 million, although gross profit fell by 15%.
Limbach Holdings (LMB) on Wednesday posted first-quarter revenue and profit above Wall Street’s expectations, driven by a strong level of bookings and strengthening demand across end markets. The company’s Q1 revenue increased 4.3% to $138.9 million, beating consensus by $4.76M. Total sales booked during the quarter were $209.1 million. Limbach sai...