Legence Corp. Class A (LGN)
NASDAQ:LGN
Want to see LGN full AI Analyst Report?
Earnings Data
Report Date
Nov 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: revenue more than doubled, adjusted EBITDA and free cash flow grew materially, backlog reached record levels, leverage improved and management raised full‑year guidance. Key challenges include consolidated gross margin compression driven by mix shift to lower‑margin I&M, margin pressure in E&C due to prior‑year comps and mix, acquisition‑related amortization and some volatile mark‑to‑market profit interest expense. On balance the positive items (sizeable revenue/EBITDA growth, record backlog, strong cash conversion and deleveraging) substantially outweigh the lowlights.Company Guidance
Revenue More Than Doubled Year‑Over‑Year
Total revenue grew to $1.038 billion in Q1 2026, an increase of ~105% YoY (≈+$506M). The Bowers acquisition contributed just over $240M; excluding Bowers, revenues rose ~57% YoY, driven primarily by Installation & Maintenance and data center/technology end markets.
Strong Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA increased 132% YoY to $118M in Q1 2026. Adjusted EBITDA margin expanded by ~133 basis points to 11.4% versus the prior-year quarter.
Record Backlog and Healthy Book‑to‑Bill
Consolidated backlog and awards reached a record $5.4B, up 104% YoY; excluding Bowers backlog grew ~36% YoY. Book‑to‑bill for the quarter was 1.2x, and pro‑forma sequential adds were ≈$200M of net new backlog.
Raised Full‑Year Guidance
Management raised FY2026 revenue guidance to $4.1B–$4.3B (≈+10% vs prior guide of $3.7B–$3.9B) and increased full‑year adjusted EBITDA guidance to $470M–$490M (up from $400M–$430M).
Strong Free Cash Flow and High Conversion
Free cash flow exceeded $100M in Q1 2026, representing a conversion rate of >85% of adjusted EBITDA (vs ~50% conversion and ~$25M FCF in the year‑ago quarter), driven by improved working capital, operating performance and lower interest burden.
Deleveraging and Liquidity Position
Pro forma net leverage improved to ~1.8x (including Bowers) versus 2.9x nine months earlier. Cash was $245M and total liquidity ~$414M at quarter end, positioning the company with flexibility for disciplined M&A.
Fabrication & Modular Capacity Expansion
Approximately 1.3M sq. ft. of fabrication capacity largely operational; fabrication’s share of I&M revenue increased from ~20% toward the low‑20s. Management noted fabrication/modular work is accretive and driving demand from data center, pharma and semiconductor clients.
Workforce Growth to Support Demand
Headcount crossed 10,000 full‑time employees in April, including ~7.4k skilled technicians (up >1k since the start of the year) and 1.2k+ engineers/consultants, reducing near‑term labor constraint risk.
LGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $100.00 | $89.00 | -11.00% |
Mar 27, 2026 | $52.98 | $54.75 | +3.34% |
Nov 14, 2025 | $33.32 | $40.27 | +20.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Legence Corp. Class A (LGN) report earnings?
Legence Corp. Class A (LGN) is schdueled to report earning on Nov 13, 2026, Before Open (Confirmed).
What is Legence Corp. Class A (LGN) earnings time?
Legence Corp. Class A (LGN) earnings time is at Nov 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LGN EPS forecast?
Currently, no data Available