Limbach Holdings reported second quarter 2026 results and announced the acquisition of Simpcore. Total revenue was $173.5 million, an increase of 21.9% compared to the prior year quarter, primarily driven by a $30.9 million contribution from the Pioneer Power acquisition. Net income was $4.7 million, a 38.8% decrease from $7.8 million in the second quarter of 2025, and diluted EPS was $0.39 compared to $0.64. Adjusted EBITDA was $13.9 million, a 22.3% decrease from $17.9 million, with adjusted EBITDA margin of 8%, down from 12.6%. The company also completed the acquisition of CYMCOR for $30 million on August 4, 2026, funded through available cash and its revolving credit facility, and expects CYMCOR to generate $12 million of revenue and $4 million of adjusted EBITDA in fiscal year 2027. Fiscal 2026 revenue guidance was raised to $760 million to $790 million, while adjusted EBITDA guidance was lowered to $78 million to $84 million.
Limbach Holdings IncQ2 revenue up 21.9% but net income and adjusted EBITDA down; guidance raised for revenue but lowered for EBITDA; acquisition of CYMCOR adds revenue and EBITDA.
