Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2016
Jul. 19, 2016
Dec. 31, 2017
Revenue $ 225,604   $ 485,739
Cost of revenue 198,427   420,116
Gross profit 27,177   65,623
Operating expenses:      
Selling, general and administrative 24,425   56,023
Amortization of intangibles 3,103   3,582
Total operating expenses 27,528   59,605
Operating income (loss) (351)   6,018
Other income (expenses):      
Interest income (expense), net (1,796)   (2,034)
Loss from early extinguishment of debt (2,172)   0
Gain (loss) on sale of property and equipment (250)   (121)
Total other expenses (4,218)   (2,155)
Income (loss) before income taxes (4,569)   3,863
Income tax (provision) benefit 3,871   (3,151)
Net income (loss) (698)   712
Dividends on cumulative redeemable convertible preferred stock 423   809
Premium paid on partial preferred redemption 0   847
Net loss attributable to Limbach Holdings, Inc. common stockholders $ (1,121)   $ (944)
Basic earnings (loss) per share for common stock:      
Net loss attributable to Limbach common stockholders $ (0.19)   $ (0.13)
Diluted earnings (loss) per share for common stock:      
Net loss attributable to Limbach common stockholders $ (0.19)   $ (0.13)
Weighted average number of shares outstanding:      
Basic 6,039,875   7,471,371
Diluted 6,039,875   7,471,371
Predecessor [Member]      
Revenue   $ 221,391  
Cost of revenue   192,911  
Gross profit   28,480  
Operating expenses:      
Selling, general and administrative   24,015  
Amortization of intangibles   0  
Total operating expenses   24,015  
Operating income (loss)   4,465  
Other income (expenses):      
Interest income (expense), net   (1,898)  
Loss from early extinguishment of debt   0  
Gain (loss) on sale of property and equipment   1  
Total other expenses   (1,897)  
Income (loss) before income taxes   2,568  
Income tax (provision) benefit   0  
Net income (loss)   2,568  
Dividends on cumulative redeemable convertible preferred stock   0  
Premium paid on partial preferred redemption   0  
Predecessor [Member] | Member Units [Member]      
Other income (expenses):      
Net income attributable to Limbach Holdings LLC member unit holders   2,568  
Net income (loss)   $ 2,568