Legence Q3 revenue jumps 85% on acquisitions and demand
LGN•Legence’s Q3 revenue rose 85% year over year to $1.31 billion, while adjusted EBITDA nearly doubled to $177 million. The company announced a $150 million share repurchase program and raised its 2026 revenue forecast to $4.87 billion-$4.91 billion.
1. Revenue and earnings
Legence reported Q3 revenue of $1.31 billion, up 85% year over year, and net income of $89.6 million. Adjusted EBITDA nearly doubled to $177 million, and gross profit was $275.5 million.
2. Demand and acquisitions
Revenue growth excluding the acquisition of Bowers was 39.5%. Installation & Maintenance growth was driven by demand for Installation & Fabrication services, primarily from data center and technology clients. Engineering & Consulting revenue declined on lower Program & Project Management services and modestly lower Engineering & Design revenue, mainly from education clients.
3. Outlook and repurchase
Legence expects Q4 2026 revenue of $1.26 billion-$1.30 billion and 2027 revenue of $5.3 billion-$5.6 billion. It raised its 2026 revenue forecast from $4.70 billion-$4.80 billion to $4.87 billion-$4.91 billion and announced a $150 million share repurchase program.
