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Limbach Holdings (LMB) guidance and outlook
Limbach Holdings (LMB) reaffirmed its guidance on Nov 3, 2026: Revenue $760M–$790M for FY2026; EBITDA $78.0M–$84.0M for FY2026; Revenue +70% to +80% for FY2026; Gross margin 23%–24% for FY2026. Limbach Holdings' 10-Q filed Nov 3, 2026 makes 35 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $760M–$790M | reaffirmed |
| EBITDA | FY2026 | $78.0M–$84.0M | reaffirmed |
| Revenue | FY2026 | +70% to +80% | reaffirmed |
| Gross margin | FY2026 | 23%–24% | reaffirmed |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- Operating on a connected platform, the Company integrates engineering expertise with field execution to provide customized MEPC infrastructure solutions that address both operational and capital project needs, optimizing performance, enhancing reliability, and ensuring long-term safety.
- The Company operates in two segments, (i) ODR, in which the Company performs owner direct projects and/or provides maintenance or service primarily on MEPC systems, and specialty contracting projects to existing buildings direct to, or assigned by, building owners or operators, and (ii) GCR, in which the Company generally manages new construction or renovation projects that involve primarily MEPC systems awarded…
- The Company believes its extensive experience with MEPC systems projects, together with its internal cost estimation and review processes, enables it to reasonably estimate contract costs and mitigate the risk of cost overruns.
- Due to the varied nature of the Company’s services, and the risks associated therewith, contract costs as a percentage of contract revenue have historically fluctuated, and this fluctuation is expected to continue in future periods as well.
- Certain of the Company’s prior acquisitions include contingent earnout arrangements in which the Company may be required to make additional payments contingent upon the acquired businesses achieving specified performance targets over specified periods.
- The Company’s organic revenue growth during the third quarter was driven primarily by project commencements and execution within its existing backlog.
- The Company expects continued execution of its backlog, together with anticipated new bookings, to support further organic revenue growth during the remainder of 2026.
- The Company recorded revisions in its contract estimates for certain ODR and GCR projects; however, the Company did not record any material gross profit write-ups or write-downs that had a net gross profit impact of $1.0 million or more during the three months ended September 30, 2026 and 2025.
- The Company’s organic revenue growth was driven by project commencements and execution within its existing backlog.
- The Company expects to continue executing on its existing backlog, together with new bookings, to support further organic revenue growth during the remainder of 2026.
- The Company currently expects gross profit margins to improve during the remainder of 2026; nevertheless they are expected to remain below the levels achieved during the comparable periods of 2025.
- The Company’s backlog includes projects that have a written award, a letter of intent, a notice to proceed or an agreed upon work order to perform work on mutually accepted terms and conditions.
Limbach Holdings' latest quarter
Limbach Holdings, Q3 2026: revenue $230M (+25% year over year), operating margin 6.5%, net earnings $9.4M, operating cash flow $20.3M. The chart follows the revenue to costs, profit and cash.
Questions
Did Limbach Holdings raise or lower its guidance?
Limbach Holdings (LMB) reaffirmed its guidance on Nov 3, 2026: Revenue $760M–$790M for FY2026; EBITDA $78.0M–$84.0M for FY2026; Revenue +70% to +80% for FY2026; Gross margin 23%–24% for FY2026.
What does Limbach Holdings expect?
Operating on a connected platform, the Company integrates engineering expertise with field execution to provide customized MEPC infrastructure solutions that address both operational and capital project needs, optimizing performance, enhancing reliability, and ensuring long-term safety. The Company operates in two segments, (i) ODR, in which the Company performs owner direct projects and/or provides maintenance or service primarily on MEPC systems, and specialty contracting projects to existing buildings direct to, or assigned by, building owners or operators, and (ii) GCR, in which the Compan
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.