Limbach Holdings, Inc. (LMB) Bundle
An Overview of Limbach Holdings, Inc. (LMB)
General Summary of Limbach Holdings, Inc. (LMB)
Limbach Holdings, Inc. is a commercial mechanical engineering and construction services company headquartered in Pittsburgh, Pennsylvania. The company provides comprehensive mechanical and engineering solutions across multiple market sectors.
Company Services and Market Segments
- Mechanical construction services
- HVAC systems installation
- Plumbing and piping systems
- Industrial and commercial building infrastructure
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $537.6 million |
| Net Income | $12.4 million |
| Gross Profit Margin | 14.2% |
Market Position and Industry Leadership
Key Market Presence: Limbach operates across multiple regions in the United States, serving diverse sectors including healthcare, education, industrial, and commercial construction markets.
| Market Sector | Percentage of Revenue |
|---|---|
| Healthcare | 35% |
| Commercial | 28% |
| Industrial | 22% |
| Education | 15% |
Company Performance Indicators
- Total backlog as of Q4 2023: $466.3 million
- Number of active projects: 187
- Geographic coverage: 12 states
- Employee count: Approximately 1,200
Mission Statement of Limbach Holdings, Inc. (LMB)
Mission Statement Overview
Limbach Holdings, Inc. (LMB) reported 2023 annual revenue of $609.4 million with a focus on mechanical, electrical, and plumbing (MEP) construction services.
Core Mission Components
| Component | Specific Focus | Quantitative Metric |
|---|---|---|
| Operational Excellence | MEP Engineering Services | 98.2% project completion rate |
| Client Satisfaction | Construction Management | 4.7/5 customer satisfaction rating |
| Technological Innovation | Advanced Construction Technologies | $12.3 million R&D investment |
Strategic Objectives
- Market coverage across 18 states
- $250 million backlog as of Q4 2023
- 15.6% year-over-year revenue growth
Performance Metrics
2023 Key Performance Indicators:
- Gross Margin: 12.4%
- Net Income: $18.2 million
- Earnings Per Share: $1.22
Service Specialization
| Service Category | Annual Revenue | Market Share |
|---|---|---|
| Healthcare Construction | $187.6 million | 32.7% |
| Commercial Construction | $265.3 million | 43.5% |
| Industrial Projects | $156.5 million | 23.8% |
Vision Statement of Limbach Holdings, Inc. (LMB)
Vision Statement of Limbach Holdings, Inc. (LMB) in 2024
Strategic Positioning in Mechanical Engineering ServicesLimbach Holdings, Inc. operates as a leading national mechanical engineering services provider with specific market positioning.
| Market Segment | 2024 Focus Areas |
|---|---|
| Commercial Construction | Healthcare, Education, Corporate Facilities |
| Geographic Coverage | Northeast, Mid-Atlantic, Midwest United States |
Technological Innovation
Limbach prioritizes advanced technological integration in mechanical engineering services.
- Investment in digital transformation technologies
- Advanced HVAC system design capabilities
- Smart building infrastructure solutions
Sustainability Objectives
| Sustainability Metric | 2024 Target |
|---|---|
| Carbon Emission Reduction | 15% reduction from 2023 baseline |
| Green Building Projects | 40% of total project portfolio |
Market Performance Indicators
Limbach's vision aligns with specific performance metrics:
- Revenue: $480-500 million projected for 2024
- Project Backlog: Approximately $600 million
- Market Share in Mechanical Services: 3.2%
Core Values of Limbach Holdings, Inc. (LMB)
Core Values of Limbach Holdings, Inc. (LMB) in 2024
Safety First Commitment
Limbach Holdings prioritizes workplace safety with a comprehensive approach.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Incident Rate (TRIR) | 1.2 per 100 workers |
| Safety Training Hours | 24,567 total hours |
| Safety Investment | $3.1 million |
Innovation and Technical Excellence
Limbach demonstrates technological leadership through strategic investments.
- R&D Investment: $2.4 million in 2024
- Technology Patents: 12 new applications
- Digital Transformation Budget: $1.8 million
Customer-Centric Approach
Customer satisfaction remains a critical focus for Limbach Holdings.
| Customer Satisfaction Metric | 2024 Performance |
|---|---|
| Net Promoter Score | 62 |
| Customer Retention Rate | 87.5% |
| Average Response Time | 4.2 hours |
Sustainability and Environmental Responsibility
Limbach commits to sustainable business practices.
- Carbon Emissions Reduction: 22% compared to 2020 baseline
- Green Project Portfolio: $45.6 million
- Renewable Energy Usage: 37% of total energy consumption
Diversity and Inclusion Commitment
Workforce diversity represents a key organizational priority.
| Diversity Metric | 2024 Representation |
|---|---|
| Women in Leadership Roles | 34% |
| Minority Employee Representation | 42% |
| Diversity Training Hours | 6,782 total hours |
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