Limbach Q1 net income drops 57.1% to $4.4 million; revenue rises 4.3% to $138.9 million

• Limbach Holdings posted first-quarter net income of USD 4.4 million, down 57.1%, with diluted EPS of USD 0.36.
• Revenue rose 4.3% to USD 138.9 million, while total gross margin narrowed 5.2 percentage points to 22.4%.
• Sales booked totaled USD 209.1 million, producing a book-to-bill ratio of 1.5x, with data centers representing about 27% of bookings.
• Management said margins were hit by lower fixed-cost absorption, fewer net project write-ups than a year earlier, and near-term mix impact from Pioneer Power.
• Full-year 2026 guidance was reaffirmed for revenue of USD 730 million-USD 760 million, with adjusted EBITDA of USD 90 million-USD 94 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Limbach Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505550286) on May 05, 2026, and is solely responsible for the information contained therein.