Limbach reports Q4 EPS 35c, consensus 32c

Reports Q4 revenue $143.5M, consensus $154.01M. Charlie Bacon, Limbach’s President and Chief Executive Officer, said, "We delivered a strong 4th quarter which resulted in Adjusted EBITDA for FY 2022 that exceeded the higher end of our guidance for the year, despite a modestly lower top line. In addition, we resolved one of our outstanding claims during the quarter and expect to receive cash of approximately $10 million during the first half of 2023 as a result of this claim resolution."