Reading LMB? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LMB free→Reading LMB? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LMB free→NASDAQIndustrialsBuilding Products & EquipmentSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality is fragile, reported profits aren't backed by cash. Management's recent track record has been fairly steady, while risk is elevated and the sector backdrop is a headwind. Peer multiples imply a price about 5% below where it trades (it looks expensive on this basis); the read is fair, but weakening. If LMB cuts guidance on the next call, that could have a meaningful negative impact. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $79.97. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $78 LMB trades at 19× p/e, in line with its 18× p/e peer median. Our $75 fair value reflects that, high confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 4% near-term growth, below our forecast of about 18%. This describes what's priced in, not a forecast of the move.
Only weak execution quality — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted 1.07x of net income into operating cash flow. Historically, Industrials names rated fragile grew net income 56% of the time over the next year (vs 60% for the rest of the cohort, n=3333).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.94 → $0.91 (-2.9% / 30d). 0 raised, 4 cut, 4 covering analysts.
0 upgrades, 0 downgrades / 30d. 80% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$284.
How much price usually moves either way.
On a bad day, this stock has moved -$618.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,592.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If sector revenue growth picks up, it could benefit Limbach's business. It signals a healthier market.
Confirms:Sector revenue growth rises above 7% year over year.
Disproves:Sector revenue growth stays below 5% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for LMB yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Michael J. Reed to the Office of Executive Vice President and Chief Operating Officer On May 18, 2026, Limbach Holdings, Inc. (the “Company”) announced that it has appointed Michael J. Reed to serve as the Company’s Executive Vice President and Chief Operating Officer, effective as of May 18, 2026 (the “Effective Date”). Mr. Reed, 56…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Roughly priced in line with peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Building Products.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
LMB Limbach Holdings, Inc. | Typical Show detailsSector percentile: 47 of 100 | full | elevated |
TT Trane Technologies | Typical Show detailsSector percentile: 48 of 100 | expensive | moderate |
JCI Johnson Controls | Typical Show detailsSector percentile: 44 of 100 | expensive | low |
CARR Carrier Global | Below typical Show detailsSector percentile: 26 of 100 | expensive | elevated |
LII Lennox International | Typical Show detailsSector percentile: 66 of 100 | full | moderate |
7 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated neutral grew net income 59% of the time over the next year (vs 60% for the rest of the cohort, n=1113).
Not investment advice. As of 2026-06-16.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
The company aims to achieve a revenue range of $730 million to $760 million for fiscal year 2026.
Stated in 2 of last 2 quarters. Revenue for 2026-Q1 was $138.9M, down from $186.9M in 2025-Q4. The company has reaffirmed its FY 2026 revenue guidance of $730M-$760M, but current trajectory shows a decline, indicating limited progress towards the target.
“The Company is reaffirming its previous guidance for FY 2026: Revenue $730 million - $760 million.”
“The Company is providing its full year 2026 guidance: Revenue $730 million - $760 million.”
The company aims to achieve an Adjusted EBITDA range of $90 million to $94 million for fiscal year 2026.
Stated in 2 of last 2 quarters. Operating income for 2026-Q1 was $1.1M, down from $17.6M in 2025-Q4. The company has reaffirmed its FY 2026 Adjusted EBITDA guidance of $90M-$94M, but current financials show a significant decline, indicating limited progress.
“The Company is reaffirming its previous guidance for FY 2026: Adjusted EBITDA $90 million - $94 million.”
Results of Operations and Financial Condition. On May 5, 2026, Limbach Holdings, Inc. (the “Company”) issued a press release dated the same date announcing its financial results for its quarter ended March 31, 2026. We have furnished a copy of this release as Exhibit 99.1 to this Current Report on Form 8-K.
Results of Operations and Financial Condition. On March 2, 2026, Limbach Holdings, Inc. (the “Company”) issued a press release dated the same date announcing its financial results for its year ended December 31, 2025. We have furnished a copy of this release as Exhibit 99.1 to this Current Report on Form 8-K.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Terence P. Dugan as an Independent Director Effective as of January 1, 2026 and upon the recommendation of Limbach Holdings, Inc.’s (the “Company”) Nominating and Corporate Governance Committee, the Company’s Board of Directors (the “Board”) unanimously appointed Terence P. Dugan to serve as a director of the Company, to fill a newly…
Other Events On December 15, 2025, Limbach Holdings, Inc. (the “Company”) announced that its board of directors authorized a share repurchase program (the “Share Repurchase Program”), pursuant to which the Company may, from time to time, purchase up to $50.0 million of shares of its common stock through December 15, 2027. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions or by other means in acco…
“The Company is providing its full year 2026 guidance: Adjusted EBITDA $90 million - $94 million.”