Limbach Holdings, Inc. Provides Earnings Guidance for the Second Half and Full Year of 2021
May 14, 2021 at 08:30 am EDT
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Limbach Holdings, Inc. provided earnings guidance for the second half and full year of 2021. For the year, the company expects revenue in the range of $480 million to $520 million.
The company also expects the second half of the year to account for a greater majority of revenue and Adjusted EBITDA than it has in prior years given the current business cycle.
Limbach Holdings, Inc. is an integrated building systems solutions company. The Company partners with the owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure. The Company operates in two segments: General Contractor Relationships (GCR), and Owner Direct Relationships (ODR). The GCR segment manages new construction or renovation projects that involve primarily mechanical, plumbing, or electrical services awarded to the Company by general contractors or construction managers. Through the ODR segment, the Company performs owner direct construction projects and/or provides maintenance or services primarily on mechanical, plumbing or electrical systems, building controls and specialty contracting projects direct to, or assigned by, building owners or property managers. The Company works with six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment.