LMB - Limbach GAAP EPS of $0.46 revenue of $124.9M; increases FY guidance

2023-08-09 16:31:02 ET

• Limbach press release ( NASDAQ: LMB ): Q2 GAAP EPS of $0.46.
• Revenue of $124.9M (+7.6% Y/Y).
• Shares +6.7% .
• Gross profit was $28.5 million, an increase of 33.7% from $21.3 million.
• Net income of $5.3 million, or $0.46 per diluted share, compared to a net income of $0.9 million, or $0.08 per diluted share.
• Adjusted EBITDA of $11.9 million, up 81.1% from $6.6 million.
• Net cash provided by operating activities of $16.9 million, compared to $15.6 million.
• Increases guidance : Consolidated revenue was $124.9 million, an increase of 7.5% from $116.1 million.
• Gross profit was $28.5 million, an increase of 33.7% from $21.3 million.
• Net income of $5.3 million, or $0.46 per diluted share, compared to a net income of $0.9 million, or $0.08 per diluted share.
• Adjusted EBITDA of $11.9 million, up 81.1% from $6.6 million.
• Net cash provided by operating activities of $16.9 million, compared to $15.6 million.

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