Limbach Holdings, Inc. reported strong financial results for the nine months ended September 30, 2025, with Revenue reaching $459.9M (up 22.6% YoY) and Net Income growing to $26.8M (up from $21.0M). Diluted EPS improved to $2.21. The Gross Margin slightly compressed to 26.4% due to acquisition integration pressures.
Strategic Focus and M&A: The company successfully executed its shift toward higher-margin Owner Direct Relationships (ODR) work, which now constitutes 74.1% of total revenue, while General Contractor Relationships (GCR) revenue slightly declined. Growth was fueled by three
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