Legence Corp. Class A ( (LGN) ) has released its Q3 earnings. Here is a breakdown of the information Legence Corp. Class A presented to its investors.
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Legence Corp. is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings, specializing in complex mechanical, electrical, and plumbing systems to enhance energy efficiency and sustainability. In its third quarter of 2025, Legence Corp. reported record revenues of $708 million, marking a 26% increase from the previous year, alongside a 39% rise in adjusted EBITDA. The company also announced a significant acquisition of Bowers, a mechanical contractor in the Northern Virginia/DC Metro area, for $475 million, aiming to expand its market reach. Key financial highlights include a 29% increase in backlog and awarded contracts, totaling $3.1 billion, and a robust book-to-bill ratio of 1.5x. The company’s strategic acquisitions and strong cash generation have contributed to a reduction in total and net debt to $836 million and $650 million, respectively. Looking ahead, Legence has set guidance for the fourth quarter of 2025 with expected revenues between $600 million and $630 million, and adjusted EBITDA between $60 million and $65 million. For the full year 2026, the company anticipates revenues between $2.65 billion and $2.85 billion, with adjusted EBITDA ranging from $295 million to $315 million, reflecting confidence in its growth trajectory.