earnings
confidence high
sentiment positive
materiality 0.75
Legence Q1 revenue $1.04B (+105% YoY); raises FY26 guidance; record backlog $5.38B
Legence Corp.
- Revenue of $1.04B, up 105.1% YoY; ex-Bowers organic growth 57.1%.
- Record backlog of $5.38B (+104% YoY), book-to-bill 1.2x.
- Adjusted EBITDA up 132% YoY; GAAP gross profit $186.2M (margin 17.9%).
- FY26 guidance raised: revenue $4.1B-$4.3B; adj EBITDA $470M-$490M.
- Q2 2026 guidance issued: revenue $1.05B-$1.1B; adj EBITDA $115M-$125M.