Legence Corp. Reports Strong Q3 2026 Results Driven by Data Center Demand and Bowers Acquisition
Legence Corp. (LGN) delivered robust third-quarter 2026 financial results, reporting revenue of $1.31 billion, an 85.1% increase year-over-year. This significant growth was primarily fueled by the acquisition of Bowers and surging organic demand within the data center sector. The company successfully transitioned from a net loss in the prior year to a net income of $89.6 million, with diluted earnings per share rising to $1.15. The company's backlog has expanded significantly to $5.9 billion, up 92.5% year-over-year, reflecting strong momentum in technology end markets. Management also provided optimistic guidance for 2027, projecting revenue between $5.3 billion and $5.6 billion. To support shareholder value, the Board has authorized a new $150 million share repurchase program alongside continued strategic investments.
Topics: acquisition impact backlog increase data center demand EBITDA margin revenue growth