Limbach Holdings, Inc. (NASDAQ:LMB) is one of the 16 stocks Jim Cramer recently discussed. A caller asked if they should consider buying LMB shares on any dips, and Cramer replied:
“This one is so high, it’s got such a high price-to-earnings multiple. I cannot recommend it. I don’t care how, it’s like Ferguson, I guess, and people just say, you know what, I’m just going to be in there, I don’t care, and I don’t know why. I don’t want you to be in there. Too high versus, say, Home Depot, which is just really inexpensive.”
An engineer studying the blueprints of a large mechanical construction near a busy city skyline.
Limbach Holdings (NASDAQ:LMB) provides specialized solutions for complex building systems, working directly with owners and facility managers to maintain and improve essential mechanical, electrical, and plumbing infrastructure. Greystone Capital Management stated the following regarding Limbach Holdings, Inc. (NASDAQ:LMB) in its Q4 2024 investor letter:
“Limbach Holdings, Inc. (NASDAQ:LMB) was the largest contributor to performance during 2024, for good reason. Their journey from here to there has been executed flawlessly (which, as an investor, I have the luxury of proclaiming), with earnings power increasing at a tremendous rate during the past 24 months. On the back of low single digit revenue growth aided by their ODR segment growing 20%, gross margins have expanded nearly 1000bps, EBITDA margins have expanded 500bps, and adjusted EBITDA has more than doubled. This has translated nicely into free cash flow, which Limbach has used to acquire additional service businesses for 4-5x EBITDA.
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