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Legence sales growth lifts revenue above $1 billion
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Legence sales growth lifts revenue above $1 billion

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  • Legence (NASDAQ:LGN) reported Q2 2026 revenue of $1.26 billion, up 110.7% year over year, with Adjusted EBITDA reaching $154.6 million.
  • The company reported a net loss of $27.8 million and ended the quarter with $292 million in cash and $1.03 billion in debt.
  • Legence raised full-year 2026 guidance for revenue to $4.7 billion to $4.8 billion and Adjusted EBITDA to $565 million to $585 million.

Legence (NASDAQ:LGN) reported second-quarter 2026 revenue of $1.26 billion, up 110.7% year over year, while Adjusted EBITDA increased 114.1% to $154.6 million.

Revenue growth included the impact of the Bowers acquisition, while non-GAAP revenue excluding Bowers increased 60% compared with the prior-year period.

The company reported consolidated gross margin of 17.4%, down from 21.5%, and a net loss attributable to Legence of $27.8 million, or $0.37 per diluted share, compared with a $5.3 million loss a year earlier.

Legence reported record backlog and awarded contracts of $5.67 billion, up 104.6% year over year, with a consolidated book-to-bill ratio of 1.2x, while goodwill and long-lived asset impairments totaled approximately $41.1 million.

Legence provides building infrastructure services, including energy efficiency, engineering, construction, and maintenance solutions for commercial and industrial customers.

The company ended the quarter with $292 million in cash and $1.03 billion in total debt, with net leverage of 1.6x, and issued third-quarter and full-year 2026 guidance updates.

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