Limbach Holdings, Inc. announced a $50 million share repurchase program authorization.
The program allows the company to repurchase shares of its common stock through December 15, 2027.
The board of directors approved the share repurchase program to reflect confidence in Limbach's growth strategy and strong cash flow generation.
Share Repurchase Program
Authorization to repurchase up to $50.0 million of shares through December 15, 2027.
Purpose of Repurchase
Reflects confidence in growth strategy, cash flow generation, and capital allocation approach.
Funding Sources
Repurchases funded through existing cash, cash flow, borrowings, or other available means.
- The share repurchase program aims to deliver long-term stockholder value and manage potential dilution from incentive compensation programs.
- Limbach's strategic approach includes flexibility for opportunistic repurchases based on market conditions and legal requirements.
Limbach's $50 million share repurchase program reflects confidence in the company's growth strategy and commitment to delivering stockholder value. The program's flexibility and disciplined approach to capital allocation demonstrate Limbach's long-term vision for sustaining shareholder returns.