Limbach Holdings, Inc. Investigation
Company: Limbach Holdings, Inc.
Ticker: (NASDAQ) LMB
Join the Limbach Holdings, Inc. Investigation
Investigation Details
Three months after management reaffirmed full-year Adjusted EBITDA guidance of $90 million to $94 million, Limbach Holdings cut that range to $78 million to $84 million on August 4, 2026, and shares dropped.
The timeline is specific. In a Form 8-K exhibit dated May 5, 2026, the Company stated: "The Company is reaffirming its previous guidance for FY 2026 as summarized in the table below: Revenue $730 million - $760 million; Adjusted EBITDA $90 million - $94 million." On the May 6, 2026 earnings call, President and CEO Michael McCann told investors: "For the second quarter of 2026, we expect sequential improvement in revenue adjusted EBITDA and are comfortable where the consensus expectations currently stand."
On August 4, 2026, after the close, Limbach reported second quarter Adjusted EBITDA of $13.9 million and adjusted EPS of $0.64, against consensus of roughly $0.93 to $0.94. Full-year Adjusted EBITDA guidance was reduced by $10 million at the midpoint -- a cut of approximately 11% from the range reaffirmed in May. The Company cited project timing and price sensitivity.