Recent Updates — LGN
On August 18, 2026, Legence Corp.'s Board of Directors increased the board size from six to seven directors and appointed Robert Crisci as a Class II director. Mr. Crisci joins the Audit Committee and Nomination and Corporate Governance Committee. He previously served as CFO for Lineage, Inc. and Roper Technologies, Inc., bringing extensive public company financial experience. His annual compensation includes an $85,000 cash retainer and restricted stock units valued at approximately $150,000. Legence Corp. operates in the healthcare services industry.
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.
At its 2026 Annual Meeting of Stockholders on June 11, 2026, Legence Corp. stockholders approved the 2026 Employee Stock Purchase Plan (ESPP), authorizing the issuance of up to 1,580,053 shares of Class A Common Stock. Other approved items included the election of David Coghlan and Bilal Khan as Class I directors, the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2026, and non-binding advisory approvals for named executive officer compensation and a one-year voting frequency for such compensation. The company operates in the building efficiency and sustainability industry, providing energy-efficient building solutions.