Legence Reports Record Q1 Results, Raises Full-Year Revenue & EBITDA Guidance Significantly
LGN has more than doubled off its 52-week low of $26.96.
Summary
Legence Corp. announced record first-quarter 2026 financial results, with revenue up 105% and a shift to net income, leading to a significant increase in full-year revenue and Adjusted EBITDA guidance.
Key Events · Earnings and Guidance · LGN
-
Record Q1 Financial Performance
First-quarter 2026 revenues surged 105.1% year-over-year to $1.04 billion. Net income attributable to Legence was $16.1 million ($0.13 per diluted share), a significant improvement from a net loss of $21.2 million in Q1 2025. Adjusted EBITDA increased 132.4% to $118.1 million.
-
Substantial Full-Year Guidance Raise
Legence raised its full-year 2026 revenue guidance to $4.1 billion - $4.3 billion (up from $3.7 billion - $3.9 billion) and Non-GAAP Adjusted EBITDA guidance to $470 million - $490 million (up from $400 million - $430 million).
-
Strong Organic Growth and Backlog
Excluding the Bowers acquisition, non-GAAP revenue growth was 57.1%. Total backlog and awarded contracts doubled year-over-year to $5.38 billion, with a Q1 book-to-bill ratio of 1.2x, indicating strong future revenue visibility.
Analysis · LGN · Real Estate & Construction
Legence Corp. delivered exceptionally strong first-quarter results, with revenue more than doubling year-over-year and a significant turnaround from a net loss to net income. The company also substantially raised its full-year 2026 revenue and Adjusted EBITDA guidance, signaling robust business momentum and an improved financial outlook. This performance, coupled with a doubling of backlog, indicates strong demand and successful project execution, particularly in data centers and technology.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LGN was trading at $107.03 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $10.8B. The 52-week trading range was $26.96 to $102.64. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.