Limbach Holdings Inc. reported third quarter 2025 total revenue of $184.6 million, a 37.8% increase from $133.9 million in the third quarter of 2024. Net income for the quarter was $8.8 million, or $0.73 per diluted share, compared to $7.5 million, or $0.62 per diluted share, in the prior-year period. Adjusted EBITDA was $21.8 million. Owner Direct Relationships (ODR) revenue rose 52.0% to $141.4 million, representing 76.6% of total revenue, with organic ODR revenue growth of 12.2%. The company reaffirmed its full year 2025 revenue guidance of $650 million to $680 million and Adjusted EBITDA guidance of $80 million to $86 million.
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