Filing Flows › Limbach Holdings (LMB) › Q1 2025
Limbach Holdings (LMB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Limbach Holdings (LMB) reported revenue of $133M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -7% from the quarter before. Operating margin was 5.9%, net earnings $10.2M (7.7% of revenue).
Limbach Holdings, Q1 2025: revenue $133M (+12% year over year), operating margin 5.9%, net earnings $10.2M, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $133M | -7% | +12% |
| Gross profit | $36.7M | -16% | +18% |
| Operating profit | $7.9M | -39% | +21% |
| Net earnings | $10.2M | +4% | +35% |
| Operating cash flow | $2.2M | -88% | — |
| Free cash flow | $11K | -100% | — |
What changed
Revenue was $133.1M in Q1 2025, up 12% year over year and down 7% from the previous quarter.
Gross margin was 27.6%, up 1.5 points from a year earlier. Operating profit was $7.9M, a 5.9% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 5% margin then. Operating expenses grew 17% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $10.2M, up 35% year over year. The effective tax rate was -27.8%.
Operating cash flow was $2.2M, 22% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $13.6M. Capital expenditures of $2.2M left free cash flow of $11K.
Questions
What was Limbach Holdings' revenue in the first quarter 2025?
Limbach Holdings (LMB) reported revenue of $133M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -7% from the quarter before.
Was Limbach Holdings profitable in the first quarter 2025?
Operating profit was $7.9M (5.9% of revenue) and net earnings $10.2M.
Source: Limbach Holdings 10-Q on SEC EDGAR.