LIMBACH HOLDINGS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $646.8M | $518.8M | $516.4M | $496.8M | $490.4M | $568.2M | $553.3M | $546.5M |
| Cost of Revenue | $477.5M | $374.5M | $397.1M | $403.0M | $404.4M | $486.8M | $481.5M | $487.1M |
| Gross Profit | $169.3M | $144.3M | $119.3M | $93.7M | $85.9M | $81.4M | $71.9M | $59.4M |
| Gross Margin | 26.2% | 27.8% | 23.1% | 18.9% | 17.5% | 14.3% | 13.0% | 10.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $109.5M | $97.2M | $87.4M | $77.9M | $71.4M | $63.6M | $63.2M | $57.1M |
| Operating Income | $49.5M | $38.6M | $29.3M | $12.0M | $14.0M | $17.2M | $8.1M | $1.1M |
| Operating Margin | 7.6% | 7.4% | 5.7% | 2.4% | 2.9% | 3.0% | 1.5% | 0.2% |
| Interest Expense | — | — | $2.0M | $2.1M | — | — | — | — |
| Pretax Income | $48.6M | $40.0M | $28.1M | $9.6M | $9.5M | $7.0M | $-2.1M | $-2.5M |
| Income Tax Expense | $9.6M | $9.1M | $7.3M | $2.8M | $2.8M | $1.2M | $-282.0K | $-635.0K |
| Net Income | $39.1M | $30.9M | $20.8M | $6.8M | $6.7M | $5.8M | $-1.8M | $-1.8M |
| Net Margin | 6.0% | 6.0% | 4.0% | 1.4% | 1.4% | 1.0% | -0.3% | -0.3% |
| EPS (Basic) | $3.37 | $2.75 | $1.93 | $0.65 | $0.67 | $0.74 | $-0.23 | $-0.52 |
| EPS (Diluted) | $3.23 | $2.57 | $1.76 | $0.64 | $0.66 | $0.72 | $-0.23 | $-0.52 |
| Shares Outstanding (Basic) | 11.6M | 11.2M | 10.8M | 10.4M | 10.0M | 7.9M | 7.7M | 7.6M |
| Shares Outstanding (Diluted) | 12.1M | 12.0M | 11.8M | 10.7M | 10.2M | 8.1M | 7.7M | 7.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |