Security
Legence Corp. Class A Common stock · LGN
LGNNASDAQCommon stockCurrentCIK 2052568Updated Nov 13, 2026
LGN price & chart
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NASDAQ:LGN on TradingView ↗About the company
We are a leading provider of engineering, installation and maintenance services for mission-critical systems in buildings. We believe that providing integrated solutions for engineering, installing and maintenance of mechanical, electrical and plumbing (“MEP”) systems results in lower total cost, fewer change orders and faster turnaround times for our clients and higher win rates, better customer retention, incremental margin and more recurring revenue for us. We focus on high-growth sectors that have technically demanding buildings, including technology, life sciences, health care and education. We count more than 60% of the companies in the Nasdaq-100 Index as clients.
In the news
Legence Announces Improved Term Loan Pricing on Credit Rating Upgrade ↗
Eight Quarter Advisors Announces Acquisition of Innovative Mechanical & Design by Legence Corp. News provided by Eight Quarter Advisors Dec 02, 2025, 10:00 ET Share this article Share to X Share this article Share to X DENVER , Dec. 2, 2025 /PRNewswire/ -- Eight Quarter Advisors ("EQA"), is pleased ↗
Seeking Alpha
Legence forecasts $5.3B-$5.6B 2027 revenue and $690M-$730M EBITDA as it authorizes share repurchases ↗
Legence Corp. (LGN) Q3 2026 Earnings Call Transcript ↗
Logan Energy GAAP EPS of C$0.00, revenue of C$79.85M ↗
SEC disclosures
Legence Corp. files 8-K: Material Event ↗
Recent filings
D filing
Items 06b
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
144 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q2 2026 | Q1 2026 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|
| ASSETS | |||||
| AssetsUSD | 2,600,269,000Source | 3,739,689,000Source | 3,483,108,000Source | 2,679,396,000Source | 2,352,500,000Source |
| GoodwillUSD | 782,931,000Source | 822,521,000Source | 841,958,000Source | 764,336,000Source | 781,194,000Source |
| Current assets: | |||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 176,034,000Source | 291,980,000Source | 244,620,000Source | 230,166,000Source | 81,167,000Source |
| Inventory, NetUSD | 10,912,000Source | 14,171,000Source | 14,246,000Source | 11,303,000Source | 10,247,000Source |
| Assets, CurrentUSD | 1,037,807,000Source | 1,648,176,000Source | 1,470,599,000Source | 1,110,346,000Source | 756,415,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 39,038,000Source | 55,099,000Source | 42,974,000Source | 36,179,000Source | 38,506,000Source |
| Operating Lease, Right-of-Use AssetUSD | 106,469,000Source | 153,536,000Source | 143,794,000Source | 117,139,000Source | 90,922,000Source |
| Other Assets, NoncurrentUSD | 29,607,000Source | 192,869,000Source | 68,130,000Source | 43,822,000Source | 26,338,000Source |
| LIABILITIES AND EQUITY | |||||
| LiabilitiesUSD | 1,772,796,000Source | 2,762,149,000Source | 2,532,069,000Source | 1,890,601,000Source | 2,148,908,000Source |
| Stockholders’ equity: | |||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | — |
| Additional Paid in CapitalUSD | 664,299,000Source | 917,012,000Source | 796,998,000Source | 701,791,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -277,228,000Source | -321,696,000Source | -293,855,000Source | -309,949,000Source | -250,169,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -248,000Source | 4,067,000Source | 1,221,000Source | -698,000Source | 9,111,000Source |
| Stockholders' Equity Attributable to ParentUSD | 387,875,000Source | 600,463,000Source | 505,444,000Source | 392,197,000Source | — |
| Liabilities and EquityUSD | 2,600,269,000Source | 3,739,689,000Source | 3,483,108,000Source | 2,679,396,000Source | 2,352,500,000Source |
| Current liabilities: | |||||
| Liabilities, CurrentUSD | 659,993,000Source | 1,224,667,000Source | 1,133,408,000Source | 708,156,000Source | 411,109,000Source |
| Operating Lease, Liability, CurrentUSD | 18,051,000Source | 31,008,000Source | 27,402,000Source | 21,300,000Source | 14,402,000Source |
| Accounts Payable, CurrentUSD | 224,256,000Source | 428,988,000Source | 350,316,000Source | 246,161,000Source | 126,502,000Source |
| Operating Lease, Liability, NoncurrentUSD | 94,568,000Source | 130,023,000Source | 123,250,000Source | 103,762,000Source | 80,669,000Source |
| Deferred Income Tax Liabilities, NetUSD | 41,543,000Source | 43,397,000Source | 45,149,000Source | 46,714,000Source | 35,428,000Source |
| Other Liabilities, NoncurrentUSD | 17,590,000Source | 12,997,000Source | 12,655,000Source | 12,123,000Source | 35,856,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 439,598,000Source | 377,077,000Source | 445,595,000Source | 396,598,000Source | — |
| Additional Financial Items | |||||
| Accrued Liabilities, CurrentUSD | 25,659,000Source | 81,405,000Source | 73,849,000Source | 16,475,000Source | 28,490,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | 17,000,000Source | 34,962,000Source |
| Property, Plant and Equipment, Net | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 379,000Source | -676,000Source | -34,564,000Source | -3,869,000Source | 17,394,000Source | -19,139,000Source | -77,303,000Source | -27,643,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation and amortization | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 36,652,000Source | -4,458,000Source | 67,550,000Source | 5,411,000Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 59,199,000Source | -32,451,000Source | 130,070,000Source | -17,955,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -19,321,000Source | -1,452,000Source | 15,287,000Source | -13,704,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 120,112,000Source | 29,461,000Source | 256,873,000Source | 29,268,000Source |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 281,330,000Source | 453,000Source | 16,497,000Source | 225,246,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -299,019,000Source | -5,750,000Source | -54,047,000Source | -243,985,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 17,822,000Source | 5,364,000Source | 37,940,000Source | 19,008,000Source |
| Cash flows from financing activities: | ||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 193,361,000Source | -15,753,000Source | -53,827,000Source | 206,964,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 14,454,000Source | 7,958,000Source | 148,999,000Source | -7,753,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 16,158,000Source | 28,301,000Source | 96,884,000Source | 85,662,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 125,000Source | 2,972,000Source | 16,442,000Source | 17,496,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 425,000Source | 1,084,000Source | 3,480,000Source | 5,052,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 32,554,000Source | 21,462,000Source | 82,342,000Source | 80,967,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 31,900,000Source | 29,900,000Source |
| Depreciation, NonproductionUSD | — | — | — | — | — | — | 9,722,000Source | 7,889,000Source | 31,946,000Source | 29,882,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | -21,000Source | 0Source | 118,000Source | 122,000Source | 64,000Source | 98,000Source | 326,000Source | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | -5,685,000Source | 0Source | -13,000Source | 0Source | — | — | -6,651,000Source | 0Source |
| GoodwillUSD | — | — | 782,931,000Source | — | 822,521,000Source | — | 841,958,000Source | — | 764,336,000Source | 781,194,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 21,586,000Source | 0Source | — | — | 24,966,000Source | 17,804,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 24,000Source | 1,233,000Source | 88,000Source | 364,000Source | 504,000Source | 460,000Source | 1,443,000Source | 3,063,000Source |
| Income Tax Expense (Benefit)USD | — | — | 4,078,000Source | 4,564,000Source | 11,091,000Source | 5,546,000Source | -13,381,000Source | 4,038,000Source | 22,161,000Source | 4,521,000Source |
| InterestExpenseNonoperatingUSD | — | — | 28,183,000Source | 23,707,000Source | 16,911,000Source | 30,404,000Source | 17,000,000Source | 29,641,000Source | 101,778,000Source | 91,609,000Source |
| Investment Income, InterestUSD | — | — | 1,069,000Source | 523,000Source | 1,914,000Source | 764,000Source | 1,320,000Source | 755,000Source | 4,488,000Source | 5,464,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -576,000Source | -1,083,000Source | -27,841,000Source | -5,270,000Source | 16,094,000Source | -21,213,000Source | -59,780,000Source | -28,555,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 955,000Source | 407,000Source | -6,723,000Source | 1,401,000Source | 1,300,000Source | 2,074,000Source | -17,523,000Source | 912,000Source |
| Nonoperating Income (Expense)USD | — | — | -32,740,000Source | -23,063,000Source | -16,855,000Source | -29,652,000Source | -18,354,000Source | -31,655,000Source | -116,724,000Source | -93,473,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 123,000Source | 121,000Source | 169,000Source | 37,000Source | 569,000Source | 108,000Source | -6,481,000Source | 473,000Source |
| Proceeds from Contributions from ParentUSD | — | — | — | — | — | — | — | — | 0Source | 400,000Source |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | — | —Source | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 708,006,000Source | 560,804,000Source | 1,262,127,000Source | 598,890,000Source | 1,037,893,000Source | 505,953,000Source | 2,550,491,000Source | 2,098,602,000Source |
| Cost of RevenueUSD | — | — | 559,947,000Source | 442,258,000Source | 1,041,896,000Source | 470,216,000Source | 851,739,000Source | 394,249,000Source | 2,014,566,000Source | 1,667,835,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 85,887,000Source | 67,199,000Source | 147,591,000Source | 72,468,000Source | 116,095,000Source | 69,459,000Source | 342,627,000Source | 242,888,000Source |
| Operating Income (Loss)USD | — | — | 37,197,000Source | 26,951,000Source | -6,618,000Source | 31,329,000Source | 22,367,000Source | 16,554,000Source | 61,582,000Source | 70,351,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 123,000Source | 121,000Source | 169,000Source | 37,000Source | 569,000Source | 108,000Source | -6,481,000Source | 473,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 4,457,000Source | 3,888,000Source | -23,473,000Source | 1,677,000Source | 4,013,000Source | -15,101,000Source | -55,142,000Source | -23,122,000Source |
| Income Tax Expense (Benefit)USD | — | — | 4,078,000Source | 4,564,000Source | 11,091,000Source | 5,546,000Source | -13,381,000Source | 4,038,000Source | 22,161,000Source | 4,521,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 955,000Source | 407,000Source | -6,723,000Source | 1,401,000Source | 1,300,000Source | 2,074,000Source | -17,523,000Source | 912,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -576,000Source | -1,083,000Source | -27,841,000Source | -5,270,000Source | 16,094,000Source | -21,213,000Source | -59,780,000Source | -28,555,000Source |
| Interest Expense (non-operating)USD | — | — | 28,183,000Source | 23,707,000Source | 16,911,000Source | 30,404,000Source | 17,000,000Source | 29,641,000Source | 101,778,000Source | 91,609,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 32,554,000Source | 21,462,000Source | 82,342,000Source | 80,967,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 795,000Source | 154,000Source | 415,000Source | 19,000Source | 11,432,000Source | 157,000Source | 5,739,000Source | 5,634,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 6,874,000Source | 18,225,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 24,183,000Source | 25,475,000Source | 37,972,000Source | 25,344,000Source | 36,828,000Source | 26,092,000Source | 100,365,000Source | 97,153,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 21,586,000Source | 0Source | — | — | 24,966,000Source | 17,804,000Source |
| Gross ProfitUSD | — | — | 148,059,000Source | 118,546,000Source | 220,231,000Source | 128,674,000Source | 186,154,000Source | 111,704,000Source | 535,925,000Source | 430,767,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 24,000Source | 1,233,000Source | 88,000Source | 364,000Source | 504,000Source | 460,000Source | 1,443,000Source | 3,063,000Source |
| Investment Income, InterestUSD | — | — | 1,069,000Source | 523,000Source | 1,914,000Source | 764,000Source | 1,320,000Source | 755,000Source | 4,488,000Source | 5,464,000Source |
| Nonoperating Income (Expense)USD | — | — | -32,740,000Source | -23,063,000Source | -16,855,000Source | -29,652,000Source | -18,354,000Source | -31,655,000Source | -116,724,000Source | -93,473,000Source |
| Earnings Per Share, Basic | — | — | — | — | —Source | — | —Source | — | — | — |
| Earnings Per Share, Diluted | — | — | — | — | —Source | — | —Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | —Source | — | —Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | —Source | — | —Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | —Source | — | —Source | — | — | — |
Offerings
Registration 333-294894
- Offering price
- market-price
- Ticker
- LGN
Underwriters: Goldman Sachs & Co. LLC, BTIG, LLC, Rothschild & Co US Inc., Santander US Capital Markets LLC, Stifel, Nicolaus & Company, Incorporated, Blackstone Securities Partners L.P., Loop Capital Markets LLC, Jefferies LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, BMO Capital Markets Corp., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Barclays Capital Inc., Guggenheim Securities, LLC, Nomura Securities International, Inc.
Registration 333-294926
Filing attachments
d134924dex991.htm · 8-K · 2026-11-12
Exhibit 99.1 Legence Reports Third Quarter 2026 Financial Results Record Quarterly Revenues of $1.31 Billion, an 85% Increase from a Year Ago Excluding Bowers Acquisition, Revenues (non-GAAP) Grew by 40% from a Year Ago1 Quarterly Adjusted EBITDA (non-GAAP) Increased 99% from Prior Year2 Record Total Backlog and Awarded Contracts of $5.90 Billion, a 92% Increase from a Year Ago Board Authorizes $150 Million Stock Repurchase Program Establish Fourth Quarter 2026 Guidance for Revenue of $1.…
Read attachment ↗d175420dex991.htm · 8-K · 2026-08-13
EX-99.1 2 d175420dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Legence Reports Second Quarter 2026 Financial Results Record Quarterly Revenues of $1.26 Billion, a 111% Increase from a Year Ago Excluding Bowers Acquisition, Revenues (non-GAAP) Grew by 60% from a Year Ago1 Quarterly Adjusted EBITDA (non-GAAP) Increased 114% from Prior Year2 Record Total Backlog and Awarded Contracts of $5.67 Billion, a 105% Increase from a Year Ago Establish Third Quarter 2026 Guidance for Revenue of $1.225 B…
Read attachment ↗d151193dex991.htm · 8-K · 2026-05-14
EX-99.1 2 d151193dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Legence Reports First Quarter 2026 Financial Results Record Quarterly Revenues of $1.04 Billion, a 105% Increase from a Year Ago Excluding Bowers Acquisition, Revenues (non-GAAP) Grew by 57% from a Year Ago1 Quarterly Adjusted EBITDA (non-GAAP) Increased 132% from Prior Year2 Record Total Backlog and Awards of $5.38 Billion, 104% Increase from a Year Ago, with Q1 Book-to-Bill of 1.2x Establish Second Quarter 2026 Guidance for Re…
Read attachment ↗d64558dex991.htm · 8-K · 2026-03-27
EX-99.1 2 d64558dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Legence Reports Fourth Quarter and Year End 2025 Financial Results Record Quarterly Revenues of $737.6 Million, a 34.6% Increase from a Year Ago Quarterly Adjusted EBITDA (non-GAAP) Increased 53% from Prior Year1 Record Total Backlog and Awards of $3.7 Billion, 49% Increase from a Year Ago, with Robust Q4 Book-to-Bill of 1.9x Tuck-In Acquisition of Seattle Area-Based Engineering Firm Establish First Quarter 2026 Guidance for Reve…
Read attachment ↗d122671dex991.htm · 8-K/A · 2026-03-19
Exhibit 99.1 THE BOWERS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS Years Ended September 30, 2025 and 2024 TABLE OF CONTENTS Page INDEPENDENT AUDITORS’ REPORT 1 -2 CONSOLIDATED FINANCIAL STATEMENTS Consolidated balance sheets 3 - 4 Consolidated statements of income 5 Consolidated statements of retained earnings …
Read attachment ↗d122671dex992.htm · 8-K/A · 2026-03-19
Exhibit 99.2 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS Introduction On January 2, 2026, Legence Corp. (“Legence” or the “Company”) completed the acquisition of The Bowers Group, Inc. (“Bowers”) pursuant to the Equity Purchase Agreement dated November 13, 2025 (the “Purchase Agreement”) (the “Acquisition”). Bowers and its subsidiaries operate a business providing specialty mechanical contracting and related services to general contractors and building owners. The Acquisition …
Read attachment ↗