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Limbach Shifts to High-Margin Work, Boosts Stock

Published 2 days, 4 hours ago
Description

Limbach shares surged 5.6% on Friday, closing at $83.07, following a strategic shift towards high-margin engineering work in healthcare, industrial projects, and data centers. The company aims to boost profit margins from 28% to 35% and eventually 40%. Despite a volatile year, Limbach is up 5.1% YTD and a $1,000 investment over five years would now be worth approximately $7,397. Investors await steadier results from this new strategy.

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