Limbach Holdings, Inc. (NASDAQ:LMB) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET
Company Participants
Jeremy Hellman - Equity Group
Charlie Bacon - President & Chief Executive Officer
Jayme Brooks - Chief Financial Officer
Michael McCann - Chief Operating Officer
Matt Katz - Executive Vice President, Acquisitions & Capital Markets
Conference Call Participants
Rob Brown - Lake Street Capital
Chip Moore - EF Hutton
Jon Old - Long Meadow Investors
George Melas - MKH Management
Operator
Greetings. And welcome to Limbach Holdings’ Second Quarter 2022 Earnings Conference 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. Thank you, sir. You may begin.
Jeremy Hellman
Thank you very much and good morning, everyone. Yesterday, Limbach Holdings announced its second quarter 2022 results and filed its Form 10-Q for the quarter ended June 30, 2022. 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.
With that, I will turn the call over to Charlie Bacon, the President and Chief Executive Officer of Limbach Holdings. Please go ahead Charlie.
Charlie Bacon
Good morning to everyone and thanks for joining us. With me today is our Chief Financial Officer, Jayme Brooks; our Chief Operating Officer, Michael McCann; and our Executive Vice President of Acquisitions & Capital Markets, Matt Katz.
I want to start by thanking our many employees for all of their outstanding work and commitment to the transformational change and evolution we undertook several years ago. We set a goal of achieving a 50-50 revenue split between our two operating segments by 2025, and I'm pleased to report that we expect to reach that goal ahead of schedule.
Let me circle back to that shortly. First, though, we had a solid quarter of progress on our ODR transformation and maximizing our GCR outcomes, and I want to share some highlights with you.