Moving ahead of the game: Limbach Holdings, Inc. (NASDAQ: LMB)

On 24 Jan 2020, Limbach Holdings, Inc. (NASDAQ: LMB) changed -3.33% to recent value of $4.35. The stock transacted 99150 shares during most recent day however it has an average volume of 79.32K shares. It spotted trading -62.00% off 52-week high price. On the other end, the stock has been noted 67.31% away from the low price over the last 52-weeks.

Limbach Holdings, Inc. (LMB) recently reported financial results for the quarter ended September 30, 2019. Total Q3 2019 revenue was $147.8M, up 9.4% from the previous year period. Total Q3 2019 gross margin increased to 12% versus 7.9% in the previous year period, inclusive of net project write-downs during the quarter.

Other (Expense)

During the current quarter, the Company incurred a non-cash goodwill impairment charge of about $4.4M as a result of the valuation effects of management decreasing its forecasted cash flows within the Construction section. The reduced forecasted cash flows areBecause of the Company’s continued focus on expanding its Service section and the planned reduction and elimination of certain large-scale construction projects that typically require a large amount of working capital, as well as a raised risk of claims and low historical margins.

Net (Loss)

Net (loss) attributable to Limbach Holdings, Inc. ordinary stockholders was $(3.4M), contrast with a net (loss) attributable to Limbach Holdings, Inc. ordinary stockholders of $(3.5M) in the previous year quarter.

Adjusted EBITDA

Adjusted EBITDA was $3.2M, contrast with $(0.9M) for the previous year quarter. The primary contributor to the improvement in Adjusted EBITDA was the improvement in gross profit year over year, offset by the increase in SG&A expense.

LMB has a gross margin of 13.20% and an operating margin of 0.90% while its profit margin remained 0.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained -616.30% for this year while earning per share for the next 5-years is expected to reach at 20.00%.  The company has 7.03M of outstanding shares and 6.22M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.47% from the mean of 20 days, 26.02% from mean of 50 days SMA and performed -30.02% from mean of 200 days price. Company’s performance for the week was -4.19%, 42.62% for month and YTD performance remained 15.08%.

 

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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