Filing Flows › Limbach Holdings (LMB) › Q3 2026
Limbach Holdings (LMB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Limbach Holdings (LMB) reported revenue of $230M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +33% from the quarter before. Operating margin was 6.5%, net earnings $9.4M (4.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $230M | +33% | +25% |
| Gross profit | $53.8M | +44% | +20% |
| Operating profit | $15.1M | +108% | +13% |
| Net earnings | $9.4M | +99% | +8% |
| Operating cash flow | $20.3M | +8% | +52% |
| Free cash flow | $19.5M | +8% | +52% |
What changed
Revenue was $230.5M in Q3 2026, up 25% year over year and up 33% from the previous quarter.
Gross margin was 23.4%, down 0.8 points from Q3 2025. Operating profit was $15.1M, a 6.5% margin (down 0.7 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 7% margin then. Operating expenses grew 24% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $9.4M, up 8% year over year. The effective tax rate was 31.5%.
Operating cash flow was $20.3M (up 52% year over year), 214% of net earnings. Non-cash charges added back $6.5M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $735K left free cash flow of $19.5M.
Questions
What was Limbach Holdings' revenue in the third quarter 2026?
Limbach Holdings (LMB) reported revenue of $230M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +33% from the quarter before.
Was Limbach Holdings profitable in the third quarter 2026?
Operating profit was $15.1M (6.5% of revenue) and net earnings $9.4M.
Source: Limbach Holdings 10-Q on SEC EDGAR.