Quarterly ResultMay 14, 2026, 04:23 PM
Legence Q1 Revenue Doubles to $1.04B; Net Income $17.4M
AI Summary
Legence Corp. reported a substantial increase in its first-quarter 2026 financial results, with revenue more than doubling to $1.04 billion and a significant turnaround from a net loss to a net income of $17.4 million. This growth was significantly bolstered by strategic acquisitions, including The Bowers Group and Metrix Engineers, totaling $460.0 million in consideration. The company also saw a strong increase in cash provided by operating activities, reaching $120.1 million.
Key Highlights
- Net income was $17.4 million for Q1 2026, a significant improvement from a net loss of $19.1 million in Q1 2025.
- Revenue increased by 105.1% to $1.04 billion in Q1 2026, up from $506.0 million in Q1 2025.
- Acquired The Bowers Group and Metrix Engineers for a total consideration of $460.0 million in Q1 2026.
- Cash provided by operating activities surged to $120.1 million in Q1 2026, compared to $29.5 million in Q1 2025.
- Installation & Maintenance segment revenue grew by 141.9% to $872.1 million in Q1 2026.
- Engineering & Consulting segment revenue increased by 14.0% to $165.8 million in Q1 2026.
- Remaining performance obligations stood at $4.20 billion as of March 31, 2026.
- Basic EPS was $0.24 and diluted EPS was $0.13 for Q1 2026.
Price Impact
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