LMB Limbach Holdings, Inc.
FY2025 10-K
Limbach Holdings, Inc. (LMB) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Design, delivery, and maintenance of MEPC systems for mission-critical facilities in healthcare, industrial, data centers, life sciences, higher education, and entertainment
- • New emphasis: Expanded ODR segment revenue target achieved at 75.1% of total, with 40.6% YoY growth driven by acquisitions and organic growth
Management Discussion & Analysis
- • Revenue $646.8M, up 24.7% YoY; ODR $485.7M up 40.6%, GCR $161.1M down 7.0%
- • Operating income margin 7.6% vs 7.4%; Gross profit margin 26.2% vs 27.8% with ODR margin down to 26.7% from 31.2%
Risk Factors
- • Regulatory risk: Section 232 tariffs on steel and aluminum increased to 50% in June 2025, expanding scope and raising raw material costs for projects
- • Geopolitical/macroeconomic threat: U.S. government shutdown Oct 1–Nov 12, 2025 caused delays in federally sponsored projects, affecting timing but not material results
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