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Income Statement

Income Statement

v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 19, 2016
Sep. 30, 2016
Sep. 30, 2017
Jul. 19, 2016
Sep. 30, 2017
Revenue   $ 91,889 $ 121,299   $ 354,327
Cost of revenue   79,818 105,889   309,610
Gross profit   12,071 15,410   44,717
Operating expenses:          
Selling, general and administrative expense   10,207 13,609   40,963
Amortization of intangibles   1,454 807   2,831
Total operating expenses   11,661 14,416   43,794
Operating income   410 994   923
Other income (expenses):          
Interest income (expense), net   (853) (545)   (1,562)
Gain (loss) on disposition of property and equipment   (21) 7   (130)
Total other expenses   (874) (538)   (1,692)
Income (loss) before income taxes   (464) 456   (769)
Income tax (expense) benefit   2,277 (328)   352
Net income (loss)   1,813 128   (417)
Dividends on cumulative redeemable convertible preferred stock   160 149   631
Premium paid on partial preferred redemption   0 847   847
Net income (loss) attributable to Limbach Holdings, Inc. common stockholders   $ 1,653 $ (868)   $ (1,895)
Basic earnings (loss) per share for common stock:          
Net earnings (loss) attributable to Limbach common stockholders   $ 0.28 $ (0.12)   $ (0.25)
Diluted earnings (loss) per share for common stock:          
Net earnings (loss) attributable to Limbach common stockholders   $ 0.27 $ (0.12)   $ (0.25)
Weighted average number of shares outstanding:          
Basic   5,927,813 7,471,587   7,460,277
Diluted   6,727,813 7,471,587   7,460,277
Predecessor [Member]          
Revenue $ 26,924     $ 221,391  
Cost of revenue 23,770     192,911  
Gross profit 3,154     28,480  
Operating expenses:          
Selling, general and administrative expense 3,899     24,015  
Amortization of intangibles 0     0  
Total operating expenses 3,899     24,015  
Operating income (745)     4,465  
Other income (expenses):          
Interest income (expense), net (178)     (1,898)  
Gain (loss) on disposition of property and equipment 4     1  
Total other expenses (174)     (1,897)  
Income (loss) before income taxes (919)     2,568  
Income tax (expense) benefit 0     0  
Net income (loss) (919)     2,568  
Dividends on cumulative redeemable convertible preferred stock 0     0  
Premium paid on partial preferred redemption 0     0  
Predecessor [Member] | Member Units [Member]          
Other income (expenses):          
Net income attributable to Limbach Holdings LLC member unit holders $ (919)     $ 2,568  

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