Earnings ·
Legence Corp. reported second quarter 2026 results with record revenues of $1.26 billion, up 110.7% year-over-year…
LGNLegence Corp.
Legence Corp. reported second quarter 2026 results with record revenues of $1.26 billion, up 110.7% year-over-year, driven by the acquisition of The Bowers Group which contributed approximately $303.8 million in revenue. Excluding acquisitions, organic revenue grew 60%. Non-GAAP Adjusted EBITDA reached $154.6 million, a 114.1% increase from the prior year period. The company reported a net loss attributable to Legence of $27.8 million, or $(0.37) per diluted share, compared to a net loss of $5.3 million in the previous year. Total backlog and awarded contracts rose 104.6% to $5.67 billion, with a book-to-bill ratio of 1.2x for the quarter. Management raised full-year 2026 revenue guidance to $4.7–$4.8 billion and Non-GAAP Adjusted EBITDA guidance to $565–$585 million. Legence Corp. provides engineering, consulting, installation, and maintenance services for mission-critical mechanical, electrical, and plumbing systems in buildings.