Limbach Holdings, Inc. (LMB) is trading at $94.91 with trailing and forward P/E of 32.50 and 22.22 respectively. With 1,400 employees across 20 offices, LMB focuses on mission-critical mechanical, electrical, and plumbing infrastructure in the eastern and Midwest U.S., emphasizing long-term owner relationships through its Owner Direct Relationships segment.

In FY24, Limbach’s ODR segment accounted for 66.6% of revenue, growing 31.9% to $345.5 million with a backlog of $225.3 million, expected to convert to revenue in 2025. The GCR segment, focused on new construction and renovation, saw revenue decline 31.9% to $173.3 million. Strategic acquisitions have expanded geographic reach, sector coverage, and service capabilities.

With record margins, strong cash flow, an expanding backlog, and a focused ODR-driven strategy, Limbach presents a compelling investment opportunity with growth, margin expansion, and resilience across diverse end markets. Shareholdersunite’s bullish thesis on LMB highlights its growth potential and margin expansion compared to other companies in the sector.

Read more at Yahoo Finance: Limbach Holdings, Inc. (LMB): A Bull Case Theory