Limbach Holdings, Inc. (NASDAQ:LMB) Q4 2022 Earnings Conference Call March 9, 2023 9:00 AM ET
Company Participants
Jeremy Hellman - IR
Charlie Bacon - President and CEO
Jayme Brooks - CFO
Michael McCann - COO and Incoming-CEO
Conference Call Participants
Rob Brown - Lake Street Capital
Chip Moore - EF Hutton
Operator
Greetings, and welcome to Limbach Holdings Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [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. Please proceed.
Jeremy Hellman
Thank you very much, and good morning, everyone. Yesterday, Limbach Holdings announced its fourth quarter and fiscal year 2022 results and filed its Form 10-K for the year ended December 31, 2022. The company would also like to note that an updated investor presentation is available on the Investor 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 those 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 Charlie Bacon, the President and Chief Executive Officer of Limbach Holdings. Please go ahead, Charlie.
Charlie Bacon
Good morning, everyone, and welcome, and thanks for joining us. Joining me this morning is Mike McCann, partly our COO and Incoming-CEO; and Jayme Brooks, our Chief Financial Officer. We've reported another solid quarter and exceeded the upper end of our adjusted EBITDA guidance for the year.
For the past several years, we have met or exceeded our adjusted EBITDA guidance, and I credit that to the risk management practices we installed in the business as well as our game-changing strategy of rapidly expanding our owner-direct revenue or ODR segment, as we call it, and focusing on the quality of the General Contractor or GCR backlog.