Business
Limbach Holdings Provides Backlog Update
Company Continues to Be Buoyed by Diversity of End Markets Served and Status as an Essential Business PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc.
About this update from Limbach Holdings, Inc.
[{"type":"text","content":"\nCompany Continues to Be Buoyed by Diversity of End Markets Served and Status as an Essential Business\n\n PITTSBURGH--(BUSINESS WIRE)--\nLimbach Holdings, Inc. (NASDAQ: LMB) (“Limbach” or the “Company”) today provided an update on project sales conversion in its Construction segment.\n\nLimbach is pleased to announce that projects with a contract value of approximately $95 million which were previously classified by management as “promised” during the Company’s reporting of second quarter results on August 14, 2020 have now been booked into backlog. These contracts, many of which are in the initial stages of execution, include a major downtown commercial development; a new healthcare facility central utility plant; the third phase of a hyper-center scale data center; and an indoor grow facility for CBD production. These projects are being executed across Limbach’s geographic footprint and represent opportunities reflective of the Company’s refined approach to project selection and risk management.\n\nLimbach CEO Charlie Bacon commented, “I am pleased to announce these projects have been successfully booked into backlog. As we’ve noted recently, we continue to see stable demand throughout our core end-markets for our solutions-oriented design, engineering and skilled construction services. The essential nature of our work, coupled with the diversity of the end-markets we serve and our geographic footprint, should continue to support a consistent opportunity pipeline and the booking of new work available to us.”\n\nAbout Limbach\n\nLimbach Holdings, Inc., with 2019 revenue of $553.3 million, is an integrated building systems solutions firm whose expertise is the design, installation, management, service and maintenance of HVAC, mechanical, electrical, plumbing and control systems. The Company primarily serves commercial and institutional clients in both new and existing facilities. Our principal end-markets are healthcare, higher education, data centers, research and development, state and federal government, and general commercial. Limbach and its subsidiaries employ more than 1,500 people in 22 offices, located in the Northeast, Midwest, Mid-Atlantic, and Florida regions, as well as Southern California. The Company’s subsidiary, Harper Limbach, operates in the Florida market. Our design, engineering and innovation center, Limb...