Article

Limbach Holdings Inc (LMB) achieved record annual revenue of $646.8 million and gross profit of $169.3 million for the fiscal year ended December 31, 2025. The Owner Direct Relationships (ODR) segment contributed significantly, accounting for 75.1% of total revenue.

LMB reported a 25.7% increase in diluted earnings per share to $3.23 and generated $45.7 million in net cash from operations. The company is focusing on expanding its ODR segment to enhance revenue predictability and economic resilience.

Challenges include supply chain disruptions and fluctuating material costs. Technological advancements in energy efficiency and automation present opportunities for further growth.