Limbach Holdings, Inc. (NASDAQ:LMB) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET
Company Participants
Jeremy Hellman - IR
Michael McCann - CEO
Jayme Brooks - CFO
Conference Call Participants
Rob Brown - Lake Street Capital
Operator
Greetings and Welcome to the Limbach Holdings Second Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jeremy Hellman of the Equity Group. Thank you Please go ahead.
Jeremy Hellman
Thank you, very much, and good morning, everyone. Yesterday, Limbach Holdings announced its second quarter 2023 results and filed its Form 10-Q for the period ended June 30, 2023. The company would also like to note that an updated investor presentation is available on the Investors section of the company website at www.limbachinc.com.
Management will refer to select slides during today's call and encourages investors to review the presentation in its entirety. During this call, the company will be reviewing its financial results and providing an update on current market conditions.
Today's discussion may contain forward-looking statements, and actual results may differ from any forecasts, projections or similar statements made during the earnings call.
Listeners are reminded to review the company's annual report on Form 10-K and quarterly reports on Form 10-Q for risk factors that may cause the actual results to differ from forward-looking statements made during the earnings call. Also, please note that during the question-and-answer session at the end of the call, we will only be taking questions from our analysts.
With that, I'll turn the call over to Mike McCann, President and Chief Executive Officer of Limbach Holdings. Please go ahead, Mike.
Michael McCann
Good morning, welcome everyone and thanks for joining us. Joining me this morning as Jayme Brooks, our Executive Vice President and Chief Financial Officer. During the second quarter, we continued to execute our strategy and produce improved quality of earnings. Our strategic plan continues to center on three primary value drivers, each of which is capable of positive results, but when combined, they really provide a high growth pathway for our company.
The first drivers are segment mix. We continue to aggressively shift our revenue mix towards a higher percentage of our work coming from our ODR segment. While, our GCR segment continues to make solid progress in improving its margin profile, ODR continues to be our main focus through the improvement in margin profile, the more favorable risk profile and the opportunity to strengthen relationships with long term customers.