Limbach Shares Slump After Q2 Results Miss Estimates

MT Newswires Live

Aug 06

Limbach Holdings (LMB) shares slumped 33% in Wednesday trading, a day after the company posted Q2 results that missed the market consensus.

Adjusted earnings in the three months ended June 30 fell to $0.64 per diluted share from $0.93 a year earlier.

Analysts polled by FactSet expected $0.93.

Revenue rose to $173.5 million from $142.2 million. Analysts projected $177.3 million.

The company raised full-year revenue guidance to $760 million to $790 million from its prior forecast of $730 million to $760 million. Analysts expect $743.3 million.

Limbach also closed its $30 million acquisition of Cymcor to strengthen its data center services platform.

The acquisition is slated to contribute $12 million in professional services revenue and $4 million in adjusted EBITDA in 2027, Limbach said.

Price: 51.78, Change: -25.34, Percent Change: -32.86

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Analysts projected $177.3 million.</p><p>The company raised full-year revenue guidance to $760 million to $790 million from its prior forecast of $730 million to $760 million. Analysts expect $743.3 million.</p><p>Limbach also closed its $30 million acquisition of Cymcor to strengthen its data center services platform.</p><p>The acquisition is slated to contribute $12 million in professional services revenue and $4 million in adjusted EBITDA in 2027, Limbach said.</p><p>Price: 51.78, Change: -25.34, Percent Change: -32.86</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4129","symbol_name":"建筑与工程","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657522182","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657522182","pubTimestamp":1785957534,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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