LMB
Limbach Holdings, Inc.

Limbach Holdings, Inc.LMB

Industrials · Building Products & Equipment
48.40USD
-5.96%
Oct 31, 2026
LMB overview ready
Infrastructure provider and specialized MEPC services partner for the construction, upgrade, commissioning support, maintenance, and reliability of mission-critical building systems.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — infrastructure supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to economic downturns affecting construction demand.
Market Oct 30Filing Jun 30Price action Oct 30Research Sep 16

Conviction Level

CompanyFit6.5PriceAction1.4Valuation8.4CompanyPosition7.3BusinessQuality7.6

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Power / GridLagging
vs SPY
−11.7pp
Theme return
−12.8%
Beating SPY
10 of 31
21 sessions to Oct 30, 2026 · ranked 44 of 60 themes
Price
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Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$577.2M
Avg Volume (60D)
298.3K
60 sessions
Revenue Growth YoY
+24.7%
FY2025 vs FY2024
Gross Margin
+23.6%
Trailing twelve months
Operating Margin
+5.7%
Trailing twelve months
Free Cash Flow Yield
+8.8%
Distance from 200DMA
-32.5%
Next Earnings
2026-11-03
P/E
19.1x
EV / EBITDA
10.3x
EV / Sales
0.9x
Market metrics as of Oct 30, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
Limbach Holdings, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Infrastructure provider and specialized MEPC services partner for the construction, upgrade, commissioning support, maintenance, and reliability of mission-critical building systems.
Opportunity
High opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to economic downturns affecting construction demand.

Economic classification

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Business & Markets

Industrials · Building Products & Equipment
What they do

Limbach Holdings, Inc. provides building systems solutions in the U.S., focusing on mechanical, electrical, plumbing, and controls services through direct owner and general contractor relationships.

How it earns

Project-based revenue from construction, renovation, and related professional services contracts.

Products & services
Mechanical, electrical, plumbing, and controls (MEPC) services
Professional and consultative services
Inspection, troubleshooting, and repair services
System and facility assessments
Turnkey rental equipment solutions
Customers & end markets
Building owners and facility managers
General contractors and construction firms
Market position

Niche provider specializing in MEPC building systems within the U.S. Construction industry.

Demand drivers
High cyclicality

Business depends on construction and renovation activity, which is sensitive to economic cycles.

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