Special Purpose Acquisition Co

[creede]

LMB just crushed it again despite COVID.

100 year old company proving it knows what it's doing.

Limbach Holdings Reports Third Quarter 2020 Results
Third Quarter 2020 Revenue Increases 10.6% over prior year; Diluted EPS of $0.31; Third Quarter Net Cash Provided by Operating Activities of $12.8 million

Increasing Adjusted EBITDA Guidance for Fiscal 2020

Conference Call Scheduled for 10:00 am ET on November 12, 2020

PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended September 30, 2020. Revenue for the third quarter increased 10.6% from the prior year period to $163.9 million. Gross margin in the quarter was 14.8%, an increase of 235 basis points as compared to the same period during fiscal year 2019. Greater gross profit combined with moderate growth in selling, general and administrative expenses resulted in net income of $2.5 million and Adjusted EBITDA of $8.8 million which reflects Adjusted EBITDA growth of more than twice the prior year period amount. The Company generated strong cash flow, with net cash provided by operating activities of $12.8 million in the quarter.

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https://www.otcmarkets.com/stock/LMB/news/story?e&id=1740978

Limbach will have over $600MM in revenues for 2020 but only has a market cap of $80MM. I have a feeling that's about to change bigtime.

Up $1 already in pre market.

Here is the link to the iHub thread for anyone interested:

https://investorshub.advfn.com/Limbach-Holdings-Inc-LMB-38298/

WHAT A RELIEF!