Earnings Releases·Nov 12, 2026, 7:23 AM ET

Legence — Third Quarter 2026 Earnings Summary

Consolidated Q3 2026 revenue surged 85.1% to $1.31 billion (Non-GAAP growth excluding Bowers acquisition was 39.5%), while net income turned positive at $89.6 million compared to a $0.6 million loss in Q3 2025, driven primarily by a 124.0% revenue increase in the Installation & Maintenance segment.
Management raised full-year 2026 revenue guidance to $4.87–$4.91 billion and Non-GAAP Adjusted EBITDA guidance to $610–$620 million, while establishing new full-year 2027 revenue guidance of $5.3–$5.6 billion and EBITDA guidance of $690–$730 million.
The company achieved a record backlog of $5.90 billion (up 92.5% year-over-year) and completed the acquisition of The Bowers Group, with a subsequent acquisition of Central Texas Industrial Contractors (CTI) expected to add ~$40 million in 2026 revenue.
The Board authorized a $150 million stock repurchase program, and the company maintains a net leverage of 1.3 times with $340.8 million in cash and cash equivalents.