{"id":994696,"date":"2026-08-13T07:13:59","date_gmt":"2026-08-13T11:13:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/legence-reports-second-quarter-2026-financial-results\/"},"modified":"2026-08-13T07:13:59","modified_gmt":"2026-08-13T11:13:59","slug":"legence-reports-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/legence-reports-second-quarter-2026-financial-results\/","title":{"rendered":"Legence Reports Second Quarter 2026 Financial Results"},"content":{"rendered":"
\n

Record Quarterly Revenues of $1.26 Billion, a 111% Increase from a Year Ago<\/p>\n

Excluding Bowers Acquisition, Revenues (non-GAAP) Grew by 60% from a Year Ago1<\/sup><\/p>\n

Quarterly Adjusted EBITDA (non-GAAP) Increased 114% from Prior Year2<\/sup><\/p>\n

Record Total Backlog and Awarded Contracts of $5.67 Billion, a 105% Increase from a Year Ago<\/p>\n

Establish Third Quarter 2026 Guidance for Revenue of $1.225 Billion – $1.275 Billion and Non-GAAP Adjusted EBITDA of $150 Million – $160 Million<\/p>\n

Raise Full Year 2026 Guidance for Revenue to $4.7 Billion – $4.8 Billion and Non-GAAP Adjusted EBITDA of $565 Million – $585 Million<\/p>\n

SAN JOSE, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) — Legence Corp. (Nasdaq: LGN) (\u201cLegence\u201d or the \u201cCompany\u201d) today reported financial results for the second quarter ended June 30, 2026.<\/p>\n

\u201cStrong customer demand led to another record quarter for Legence, with new highs in revenue, Adjusted EBITDA and backlog and awarded contracts,\u201d said Jeff Sprau, Chief Executive Officer of Legence. \u201cTotal revenue more than doubled year over year, with revenue growth, excluding the impact of The Bowers Group (“Bowers”) acquisition, of approximately 60%. While the data centers & technology end market continues to be a significant driver of our performance, we are also benefitting from healthy activity across our other diverse end markets, including life sciences & healthcare, state & local government, and education. Our dedicated craftspeople, technicians, and engineering professionals are executing at the highest standards, and we are leveraging the scalability of our growth platform to drive sequential Adjusted EBITDA Margin expansion. As we enter the second half of 2026, healthy industry conditions, combined with our backlog-supported visibility, gives us confidence to raise our revenue and profit outlook for the year.\u201d<\/p>\n

\n Second Quarter 2026 Consolidated Results:<\/strong>\n <\/p>\n

Revenues for the second quarter 2026 totaled $1.26 billion, an increase of 110.7% from $598.9 million for the second quarter 2025. Excluding the impact of the Bowers acquisition, non-GAAP revenue growth was 60.0%. Gross profit for the second quarter 2026 was $220.2 million with gross margin of 17.4%, compared to gross profit of $128.7 million and gross margin of 21.5% for the second quarter 2025. Excluding the impact of compensation related to legacy Series A Interests and Restricted Series C Interests paid for by entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $234.0 million and non-GAAP Adjusted Gross Margin of 18.5% for the second quarter 2026, compared to non-GAAP Adjusted Gross Profit of $130.3 million and non-GAAP Adjusted Gross Margin of 21.8% for the second quarter 2025. The decrease in non-GAAP Adjusted Gross Profit and non-GAAP Adjusted Gross Margin was primarily due to a revenue mix shift towards Installation & Maintenance and a slight decline in Engineering & Consulting Adjusted Gross Margin. Net loss attributable to Legence for the second quarter 2026 was $27.8 million, or $(0.37) per diluted share, compared to a net loss attributable to Legence of $5.3 million for the second quarter 2025. Net loss for the second quarter 2026 was $34.6 million, compared to a net loss of $3.9 million for the second quarter 2025. Non-GAAP Adjusted EBITDA for the second quarter 2026 was $154.6 million, an increase of 114.1% from $72.2 million for the second quarter 2025. Refer to \u201cNon-GAAP Financial Measures\u201d for definitions of revenue growth (excluding Bowers), Adjusted Gross Profit, Adjusted Gross Margin, Adjusted EBITDA and Adjusted EBITDA Margin and a reconciliation of each to the most directly comparable GAAP measure.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Legence Corp. Consolidated Results<\/strong>
\n \n <\/td>\n<\/tr>\n
\n ($ in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\n Revenues:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Engineering & Consulting<\/td>\n\u00a0<\/td>\n$<\/td>\n206,893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.4<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n196,094<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n10,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.5<\/td>\n%<\/td>\n<\/tr>\n
Installation & Maintenance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,055,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n402,796<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n652,438<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162.0<\/td>\n%<\/td>\n<\/tr>\n
Consolidated Revenues<\/td>\n\u00a0<\/td>\n$<\/td>\n1,262,127<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n598,890<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n663,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110.7<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n% Margin<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n% Margin<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\n Gross Profit:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Engineering & Consulting<\/td>\n\u00a0<\/td>\n$<\/td>\n56,148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n64,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n(7,963<\/td>\n)<\/td>\n\u00a0<\/td>\n(12.4<\/td>\n)%<\/td>\n<\/tr>\n
Installation & Maintenance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n164,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,563<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99,520<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n154.1<\/td>\n%<\/td>\n<\/tr>\n
Consolidated Gross Profit<\/td>\n\u00a0<\/td>\n$<\/td>\n220,231<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.4<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n128,674<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.5<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n91,557<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71.2<\/td>\n%<\/td>\n<\/tr>\n
Non-GAAP Adjusted Gross Profit<\/td>\n\u00a0<\/td>\n$<\/td>\n233,960<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.5<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n130,330<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.8<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n103,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79.5<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP Adjusted EBITDA<\/td>\n\u00a0<\/td>\n$<\/td>\n154,569<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.2<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n72,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n82,365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n114.1<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Engineering & Consulting Segment Results:<\/strong>\n <\/p>\n

Engineering & Consulting segment revenue for the second quarter 2026 totaled $206.9 million, an increase of 5.5% from $196.1 million for the second quarter 2025, driven by higher demand for Program & Project Management services primarily from state & local government and data centers & technology clients, partially offset by lower revenue from Engineering & Design services primarily from mixed-use clients.<\/p>\n

Engineering & Consulting segment gross profit for the second quarter 2026 totaled $56.1 million, a decrease of 12.4% from $64.1 million for the second quarter 2025. Excluding the impact of compensation related to legacy Series A Interests and Restricted Series C Interests paid for by entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $64.3 million and non-GAAP Adjusted Gross Margin of 31.1% for the second quarter 2026, compared to non-GAAP Adjusted Gross Profit of $65.1 million and non-GAAP Adjusted Gross Margin of 33.2% for the second quarter 2025. Refer to \u201cNon-GAAP Financial Measures\u201d for definitions of Adjusted Gross Profit and Adjusted Gross Margin and a reconciliation of each to the most directly comparable GAAP measure. The decrease in non-GAAP Adjusted Gross Profit was primarily driven by lower non-GAAP Adjusted Gross Margin, partially offset by higher revenue. The decrease in non-GAAP Adjusted Gross Margin was primarily driven by a revenue mix shift towards the Program & Project Management service line and rising indirect customer fulfillment costs.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Engineering & Consulting Segment Results<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\n ($ in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\n Segment Revenues:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Engineering & Design<\/td>\n\u00a0<\/td>\n$<\/td>\n102,348<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49.5<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n106,685<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54.4<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,337<\/td>\n)<\/td>\n\u00a0<\/td>\n(4.1<\/td>\n)%<\/td>\n<\/tr>\n
Program & Project Management<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104,545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,409<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,136<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.9<\/td>\n%<\/td>\n<\/tr>\n
Engineering & Consulting Revenues<\/td>\n\u00a0<\/td>\n$<\/td>\n206,893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n196,094<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n10,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.5<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n% Margin<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n% Margin<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\n Engineering & Consulting Gross Profit<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n56,148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n64,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n(7,963<\/td>\n)<\/td>\n\u00a0<\/td>\n(12.4<\/td>\n)%<\/td>\n<\/tr>\n
\n Engineering & Consulting Non-GAAP Adjusted Gross Profit<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n64,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n65,088<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33.2<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n(754<\/td>\n)<\/td>\n\u00a0<\/td>\n(1.2<\/td>\n)%<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Installation & Maintenance Segment Results:<\/strong>\n <\/p>\n

Installation & Maintenance segment revenue for the second quarter 2026 totaled $1.06 billion, an increase of 162.0% from $402.8 million for the second quarter 2025. Excluding the impact of the Bowers acquisition, non-GAAP Installation & Maintenance segment revenues grew by 86.6% over the comparable periods.3<\/sup> The increase was driven by strong demand for our Installation & Fabrication services, primarily from data centers & technology clients. The increase in Maintenance & Service revenue was primarily from data centers & technology, education, state & local government and life sciences & healthcare clients. See the section titled \u201cNon-GAAP Financial Measures\u201d for more information about non-GAAP revenue growth (excluding Bowers).<\/p>\n

Installation & Maintenance segment gross profit for the second quarter 2026 totaled $164.1 million, an increase of 154.1% from $64.6 million for the second quarter 2025. Excluding the impact of compensation related to legacy Series A Interests and Restricted Series C Interests paid for by entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $169.6 million and non-GAAP Adjusted Gross Margin of 16.1% for the second quarter 2026, compared to non-GAAP Adjusted Gross Profit of $65.2 million and non-GAAP Adjusted Gross Margin of 16.2% for the second quarter 2025. Refer to \u201cNon-GAAP Financial Measures\u201d for definitions of Adjusted Gross Profit and Adjusted Gross Margin and a reconciliation of each to the most directly comparable GAAP measure. The increase in non-GAAP Adjusted Gross Profit was primarily driven by revenue growth, partially offset by a slight decline in non-GAAP Adjusted Gross Margin. The slight decline in non-GAAP Adjusted Gross Margin was primarily due to an increase in Installation & Fabrication revenue mix, and lower service line margins, largely offset by greater economies of scale in customer fulfillment support costs.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Installation & Maintenance Segment Results<\/strong>
\n \n <\/td>\n<\/tr>\n
\n ($ in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\n Segment Revenues:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Installation & Fabrication<\/td>\n\u00a0<\/td>\n$<\/td>\n924,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87.6<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n320,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79.5<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n604,859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n189.0<\/td>\n%<\/td>\n<\/tr>\n
Maintenance & Service<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n130,350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,579<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57.5<\/td>\n%<\/td>\n<\/tr>\n
Installation & Maintenance Revenues<\/td>\n\u00a0<\/td>\n$<\/td>\n1,055,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n402,796<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n652,438<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162.0<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n% Margin<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n% Margin<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\n Installation & Maintenance Gross Profit<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n164,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.5<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n64,563<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n99,520<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n154.1<\/td>\n%<\/td>\n<\/tr>\n
\n Installation & Maintenance Non-GAAP Adjusted Gross Profit<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n169,626<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.1<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n65,242<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.2<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n104,384<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160.0<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Backlog and Awarded Contracts and Book-to-Bill Ratio<\/strong>\n <\/p>\n

Backlog and awarded contracts totaled $5.67 billion at June 30, 2026, an increase of 104.6% from $2.77 billion at June 30, 2025. The consolidated book-to-bill ratio for the three-month period ended June 30, 2026 was 1.2x. Engineering & Consulting segment backlog and awarded contracts increased by 26.6% year over year, primarily from growth in the state & local government, education, and life sciences & healthcare end markets. Installation & Maintenance segment backlog and awarded contracts increased by 141.2% year over year, primarily from the acquisition of Bowers and strong growth in the data centers & technology and education end markets.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Backlog and Awarded Contracts<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n ($ in thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n As of June 30,<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Year over Year Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Engineering & Consulting<\/td>\n\u00a0<\/td>\n$<\/td>\n1,122,226<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n886,217<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n236,009<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.6<\/td>\n%<\/td>\n<\/tr>\n
Installation & Maintenance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,549,573<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,886,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,663,116<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n141.2<\/td>\n%<\/td>\n<\/tr>\n
Total Backlog and Awarded Contracts<\/td>\n\u00a0<\/td>\n$<\/td>\n5,671,799<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,772,674<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,899,125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104.6<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Book-to-bill ratio for the three months ended<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
June 30<\/td>\n\u00a0<\/td>\n1.2<\/td>\nx<\/td>\n\u00a0<\/td>\n1.3<\/td>\nx<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Book-to-bill ratio for the six months ended<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
June 30<\/td>\n\u00a0<\/td>\n1.2<\/td>\nx<\/td>\n\u00a0<\/td>\n1.3<\/td>\nx<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Balance Sheet<\/strong>\n <\/p>\n

At June 30, 2026, the Company had cash and equivalents of approximately $292.0 million and total debt4<\/sup> of approximately $1.03 billion. As a result, net leverage was 1.6 times, based on non-GAAP Adjusted EBITDA of the Company for the last 12 months ended June 30, 2026 (\u201cLegence LTM adjusted EBITDA\u201d). When including non-GAAP EBITDA of Bowers for the six months ended December 31, 2025 together with Legence LTM adjusted EBITDA, adjusted net leverage was 1.5 times. Refer to \u201cNon-GAAP Financial Measures\u201d for definitions of net leverage and adjusted net leverage and related reconciliations.<\/p>\n

\n Guidance<\/strong>\n <\/p>\n

Legence announces the following guidance for the third quarter of 2026:<\/p>\n