Legence Corp., a company established in 1914 and based in San Jose, California, specializes in providing engineering, installation, and maintenance services for ...
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Est. EPS $1.24 · Revenue $4.78B · 6 analysts
Est. EPS $0.45 · Revenue $1.16B · 3 analysts
Est. EPS $0.72 · Revenue $1.36B · 3 analysts
Est. EPS $0.81 · Revenue $1.40B · 3 analysts
EPS $-0.05 · Revenue $598.89M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.6B | +21.5% | +21.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-59.8M | -715.1% | -273.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +21.0% | +2.9% | +0.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +3.6% | +30.8% | -14.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -2.3% | -606.2% | -242.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $218.9M | +2033.8% | -50.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +8.6% | +1655.8% | -59.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 243.3% | -71.1% | -14.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.57x | -14.8% | +3.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.7B | +13.9% | +7.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.01 vs -0.21 | -387.6% | -0.47 vs 0.45 | -203.9% |
| Revenue Surprise | $2.6B vs $2.4B | +4.8% | $1.3B vs $1.2B | +9.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Crisci Robert | director | Class A Common Stock | A | 2,257 | — |
| Aug 18, 2026 | Crisci Robert | — | — | — | 0 | — |
| Jun 11, 2026 | Keenen Terrence | director | Class A Common Stock | A | 1,675 | — |
| Jun 11, 2026 | Coghlan David Joseph | director | Class A Common Stock | A | 1,675 | — |
| Jun 11, 2026 | Kelly Christie B. | director | Class A Common Stock | A | 1,675 | — |
Operator: Good day, and thank you for standing by. Welcome to the Q2 2026 Legence Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Son Vann, Vice President of Investor Relations. Please go ahead. Son Vann: Thanks, Daniel, and good morning, everyone. Welcome to Legence's Second Quarter 2026 Earnings Call. With me today are Jeff Sprau, Chief Executive Officer; Stephen Butz, Chief Financial Officer; and Steve Hansen, Chief Operating Officer. This morning, we issued a press release that covers our second quarter 2026 financial results and posted a presentation that accompanies the earnings release. All materials can be found on the Investor Relations section of the company's website, wearelegence.com. Before we begin, I want to remind you that comments made during this call contain certain forward-looking statements and are subject to risks and uncertainties, including those identified in our risk factors contained in our SEC filings. Our actual results could differ materially, and we undertake no obligations to update any such forward-looking statements. During this call, we will refer to certain non-GAAP financial measures, which should not be considered in isolation from or as a substitute for measures prepared in accordance with generally accepted accounting principles. Please refer to our quarterly earnings presentation for reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. With that, let me turn the call over to Jeff. Jeffrey Sprau: Thank you, Son, and thanks, everyone, for joining today to discuss our second quarter performance and current outlook for Legence. As we have talked about on our past earnings calls, the demand environment for mission-critical building systems continues to be robust. This strength is evident in the exceptional growth in both our record revenue and backlog. Excluding the impact of acquisitions, organic revenue growth was nearly 60%, while backlog and awards grew organically by over 35% year-over-year. And when we include acquisitions, revenue more than doubled with similar growth in total backlog. As you would expect, the data center and technology end market led this growth. Recent discussions with our data center clients suggest continued brisk demand over the next several years. These discussions suggest no change in the pace of activity from what was discussed at the beginning of the year and in some cases, speed to market has actually accelerated. Within the data centers and technology end market, it's worth noting that this sector also includes semiconductors, an area where we're also experiencing solid revenue growth. Our growth extends to other core markets as well, including life science and health care, education and state and local government, all of which are experiencing solid high single to double-digit organic revenue growth …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jeffrey Sprau | Chief Executive Officer & Director | USD 2,655,073 | Male | 1966 | Active |
Stephen Butz | Chief Financial Officer | USD 1,553,070 | Male | 1972 | Active |
Stephen Hansen | Chief Operating Officer | USD 1,271,516 | Male | 1969 | Active |
Justin Schwartz | Chief Strategy Officer | USD 958,390 | Male | 1980 | Active |
Bryce T. Seki | General Counsel & Secretary | USD 934,550 | Male | 1977 | Active |
Gregory Barnes | Chief People & Technology Officer | USD 598,149 | Male | 1980 | Active |
Philippe Le Bris | Chief Accounting Officer | — | Male | — | Active |
Son Vann | Vice President of Finance & Investor Relations | — | Male | — | Active |
Dimensional Fund Advisors LP acquired a new stake in shares of LGN (NASDAQ: LGN) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,243 shares of the company's stock, valued at approximately $578,000. A number of other large
Legence Corp (NASDAQ:LGN) on Thursday reported mixed second-quarter financial results.
Bank of America Corp DE lifted its stake in LGN (NASDAQ: LGN) by 161.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,217 shares of the company's stock after acquiring an additional 419,997 shares during the period. Bank
Legence Corp. (LGN) Q2 2026 Earnings Call Transcript
Legence LGN NASDAQ: LGN reported record second-quarter results as demand for mission-critical building systems remained strong, led by data centers and technology projects, while the company raised its full-year revenue and adjusted EBITDA outlook.
| Report Date | Employees | Form Type | Filing Date | SEC Filing |
|---|---|---|---|---|
| Dec 31, 2025 | 7,000 | 10-K | Mar 30, 2026 | View |
