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Limbach Holdings Inc (LMB.OQ)

LMB.OQ on NASDAQ Stock Exchange Capital Market

3.87USD
11 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Limbach Holdings Provides Update On Refinancing
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Limbach Holdings Inc ::LIMBACH HOLDINGS PROVIDES UPDATE ON REFINANCING.LIMBACH HOLDINGS INC - COMPANY ANNOUNCES AMENDED AGREEMENT WITH CURRENT BANK GROUP.LIMBACH HOLDINGS INC - TO REDUCE LENDERS' $25.0 MILLION COMMITMENT UNDER COMPANY'S REVOLVING CREDIT FACILITY TO $22.5 MILLION ON DECEMBER 31, 2018.LIMBACH HOLDINGS INC - TO REDUCE LENDERS' COMMITMENT UNDER COMPANY'S REVOLVING CREDIT FACILITY TO $20.0 MILLION ON JANUARY 31, 2019.LIMBACH HOLDINGS - SETS MATURITY DATE FOR CREDIT AGREEMENT REVOLVER AND CREDIT AGREEMENT TERM LOAN FACILITY FROM JULY 20, 2021 TO MARCH 31, 2020.  Full Article

Limbach Holdings Reports Third Quarter 2018 Results
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Limbach Holdings Inc ::LIMBACH HOLDINGS REPORTS THIRD QUARTER 2018 RESULTS.SEES FY 2018 REVENUE $530 MILLION TO $550 MILLION.Q3 REVENUE $135.1 MILLION VERSUS I/B/E/S VIEW $140.8 MILLION.LIMBACH HOLDINGS - AGGREGATE BACKLOG AT SEPTEMBER 30 WAS $487.5 MILLION, COMPARED WITH $492.5 MILLION AT JUNE 30, 2018 AND $461.4 MILLION AT DECEMBER 31, 2017.QTRLY LOSS PER SHARE $0.46.LIMBACH HOLDINGS - COMPANY WAS NOT IN COMPLIANCE WITH SENIOR LEVERAGE AND FIXED CHARGE COVERAGE RATIOS IN QUARTER.HAD TO RECLASSIFY ITS BANK DEBT AS A CURRENT LIABILITY AS OF END OF Q3..LIMBACH HOLDINGS - IS ACTIVELY SEEKING RECOVERY FROM ITS CUSTOMERS FOR COST OVERRUNS ON TWO OF PROJECTS WITHIN MID-ATLANTIC REGION.LENDERS HAVE REQUESTED THAT COMPANY SEEK ALTERNATIVE FINANCING..IS CURRENTLY CONDUCTING AN ANALYSIS OF SEVERAL OTHER PROJECTS TO EVALUATE POTENTIAL FOR ADDITIONAL COST RECOVERY..ON NOVEMBER 19, 2018, COMPANY AND LENDERS EXECUTED A LIMITED, CONDITIONAL AND TEMPORARY WAIVER THROUGH NOVEMBER 30, 2018.LIMBACH HOLDINGS - TEMPORARY WAIVER CONTAINS TERMS THAT COEXPECTS WILL BE INCLUDED IN A RESTRUCTURED CREDIT AGREEMENT WITH CERTAIN EXISTING LENDERS.MAINTAINING ITS PREVIOUSLY UPDATED GUIDANCE ANNOUNCED ON NOVEMBER 15, 2018.LIMBACH HOLDINGS - ENGAGED A MIDDLE MARKET FINANCIAL INSTITUTION THAT IS CURRENTLY A MEMBER OF LIMBACH'S EXISTING BANK GROUP.LIMBACH HOLDINGS - MIDDLE MARKET FINANCIAL INSTITUTION IS SEEKING TO UNDERWRITE AND HOLD ABOUT $15 MILLION OF $30 MILLION REVOLVING CREDIT FACILITY.  Full Article

Limbach Holdings Files Non-Timely 10-Q With U.S. SEC
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Limbach Holdings Inc ::LIMBACH HOLDINGS FILES NON-TIMELY 10-Q WITH U.S. SEC.LIMBACH HOLDINGS - FILED NON-TIMELY 10-Q BECAUSE DURING QUARTER, EXPERIENCED CONTINUED CHALLENGES IN MID-ATLANTIC BRANCH, WITH HIGHER THAN EXPECTED COST.  Full Article

Limbach Holdings Expects Adjusted EBITDA Between $8 Mln - $10 Mln
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Limbach Holdings Inc : ​:LIMBACH HOLDINGS UPDATES FULL YEAR 2018 OUTLOOK.LIMBACH - ACTIVELY NEGOTIATING WITH LENDERS FOR WAIVER OF NONCOMPLIANCE UNDER CREDIT AGREEMENT.LIMBACH HOLDINGS INC SEES FY 2018 ADJUSTED EBITDA $8 MILLION - $10 MILLION.LIMBACH - EXPECTS TO ENTER INTO AN AGREEMENT FOR WAIVER OF NONCOMPLIANCE UNDER CREDIT DEAL ON OR PRIOR TO NOV 19, 2018.LIMBACH HOLDINGS - SEES FY REVENUE $530 MILLION - $550 MILLION.  Full Article

Limbach Holdings Says Repurchased All Remaining Outstanding Shares Of Its Class A Preferred Stock
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Limbach Holdings Inc ::LIMBACH HOLDINGS ANNOUNCES REPURCHASE OF REMAINING PREFERRED STOCK.LIMBACH HOLDINGS INC - ‍ REPURCHASED ALL OF REMAINING OUTSTANDING SHARES OF ITS CLASS A PREFERRED STOCK FOR APPROXIMATELY $9.97 MILLION​.LIMBACH HOLDINGS INC - ‍EXPECTS REPURCHASE TO BE ACCRETIVE TO NET INCOME​.  Full Article