Legence Reports Second Quarter 2026 Financial Results
Legence reported record Q2 revenue of $1.26 billion, up 110.7% year-over-year, with organic revenue growth of 60% excluding the impact of the Bowers acquisition. Adjusted EBITDA increased 114% to $154.6 million, driven by strong demand in data centers and other end markets, while backlog and awarded contracts jumped 105% to a record $5.67 billion.
Key figures
- Revenue
- $1.26 billion
- Guidance
- Q3 2026 revenue $1.225B-$1.275B, Adj EBITDA $150M-$160M; FY 2026 revenue $4.7B-$4.8B (raised from $4.1B-$4.3B), Adj EBITDA $565M-$585M (raised from $470M-$490M)
- Revenue Yoy
- 110.7%
- Backlog
- $5.67 billion
- Total debt
- $1.03 billion
- Net leverage
- 1.6x
- Adjusted ebitda
- $154.6 million
- Adjusted ebitda yoy
- 114.1%
- Cash and equivalents
- $292.0 million
- Adjusted ebitda margin
- 12.2%
- Organic revenue growth
- 60.0%
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.