Limbach Holdings, Inc. (LMB) Financial Statements (2024 and earlier)

Company Profile

Business Address 797 COMMONWEALTH DRIVE
WARRENDALE, PA 15086
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 17 - Construction Special Trade Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments45,92941,37636,00128,41919,63018,066
Cash and cash equivalents45,92941,37636,00128,41919,63018,066
Restricted cash and investments65113113113113113
Receivables88,04499,948124,549111,212101,694109,130
Contract with customer, asset, after allowance for credit loss59,42464,19061,45365,26674,95975,543
Other current assets5,7476,6293,8744,3185,5347,143
Total current assets:199,209212,256225,990209,328201,930209,995
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9,3078,1187,4027,6625,4745,111
Operating lease, right-of-use asset17,14918,05518,28819,27216,64417,719
Property, plant and equipment   (23,514)   
Intangible assets, net (including goodwill)25,94526,32726,71027,09327,47927,878
Goodwill11,37011,37011,37011,37011,37011,370
Intangible assets, net (excluding goodwill)14,57514,95715,34015,72316,10916,508
Deferred income tax assets4,9994,8924,8295,4074,3424,407
Other noncurrent assets502346515516231245
Other undisclosed noncurrent assets10,31610,57634,33611,46914,94515,648
Total noncurrent assets:68,21868,31468,56671,41969,11571,008
TOTAL ASSETS:267,427280,570294,556280,747271,045281,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,94862,956100,06468,58163,76963,907
Taxes payable2,264
Employee-related liabilities133282173
Accounts payable53,37660,19475,12263,78763,20563,734
Accrued liabilities1,5722,76224,9422,397282 
Deferred revenue43,68244,87544,00742,52239,83534,444
Debt2,4319,6439,5649,7199,89313,222
Other liabilities433461557479415373
Other undisclosed current liabilities25,77524,5624,89324,73328,20929,644
Total current liabilities:127,269142,497159,085146,034142,121141,590
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,48520,37921,52823,47324,69934,220
Finance lease, liability9,8818,8538,1708,2763,2002,859
Other undisclosed long-term debt and lease obligation9,60411,52613,358(1,335)7,41316,574
Liabilities, other than long-term debt15,01518,45718,5012,1592,2473,982
Accounts payable and accrued liabilities    321420447
Other liabilities5023,0832,8581,8381,8273,535
Operating lease, liability14,51315,37415,64316,53214,08614,787
Other undisclosed noncurrent liabilities    16,21113,66614,340
Total noncurrent liabilities:34,50038,83640,02941,84340,61252,542
Total liabilities:161,769181,333199,114187,877182,733194,132
Equity
Equity, attributable to parent105,65899,23795,44292,87088,31286,871
Common stock111111
Treasury stock, value(2,000)(2,000)(2,000)   
Additional paid in capital89,71288,61187,80987,04586,12885,553
Retained earnings17,94512,6259,6325,8242,1831,317
Total equity:105,65899,23795,44292,87088,31286,871
TOTAL LIABILITIES AND EQUITY:267,427280,570294,556280,747271,045281,003

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues124,882121,009143,483122,357116,120114,822
Cost of revenue(96,369)(94,782)(114,256)(97,503)(94,800)(96,482)
Gross profit:28,51326,22729,22724,85421,32018,340
Operating expenses(20,961)(21,574)(23,283)(19,460)(19,854)(19,133)
Operating income (loss):7,5524,6535,9445,3941,466(793)
Interest and debt expense(86)(66)(64)(68)(66)(66)
Income (loss) from continuing operations before equity method investments, income taxes:7,4664,5875,8805,3261,400(859)
Other undisclosed income (loss) from continuing operations before income taxes(121)(972)(538)(31)(297)(1,273)
Income (loss) from continuing operations before income taxes:7,3453,6155,3425,2951,103(2,132)
Income tax expense (benefit)(2,025)(622)(1,534)(1,654)(237)616
Income (loss) from continuing operations:5,3202,9933,8083,641866(1,516)
Income (loss) before gain (loss) on sale of properties:3,641866(1,516)
Net income (loss) available to common stockholders, diluted:5,3202,9933,8083,641866(1,516)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):5,3202,9933,8083,641866(1,516)
Comprehensive income (loss), net of tax, attributable to parent:5,3202,9933,8083,641866(1,516)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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