Legence Corp. (LGN) Earnings Call Transcripts

Legence Corp.'s Latest Earnings Call - Q4 FY2025

Legence Corp. reported a strong fourth quarter for 2025, with total revenues reaching $738 million, a 35% increase year-over-year, and adjusted EBITDA growing by 53%. The company also announced a significant increase in backlog, which rose by 49% year-over-year, reflecting robust demand across its segments. For 2026, management raised revenue guidance to a range of $3.7 billion to $3.9 billion, up from previous estimates, indicating confidence in continued growth driven by strong market fundamentals, particularly in data centers and technology sectors.

Reported metrics

Guidance from management

For Q1 2026, management expects consolidated revenue of $925 million to $950 million and adjusted EBITDA between $90 million and $100 million. Full-year 2026 revenue guidance has been raised to $3.7 billion to $3.9 billion, reflecting strong backlog growth.

What management said

Yes, Joe, Its Steve Hansen. Great question. To date, we haven't seen a supply chain issue that is pushing schedules out. Data center clients and our blue-chip clients, they're looking far into the future and securing the materials they need and working with us upfront to make sure that the material chain that we are working within is also available. So to date, no, we have not.

Yes, that's a great question. We are seeing in a positive way, an elongation of that backlog driven by a couple of factors. Obviously, with the ongoing boom in data centers, just longer lead times and also larger projects, larger projects, obviously, take a little bit longer to burn than smaller projects. So those are some of the factors. We expect to burn a little bit over half of our backlog in 2026. And so -- an...

What analysts pressed on

Analysts expressed concerns regarding potential supply chain challenges impacting project timelines, particularly in the data center sector. There were also inquiries about the sustainability of gross margins following recent strong performance, with management indicating optimism but cautioning against overestimating future results.

Main topics on the call

• Record Revenue Growth — Legence achieved a quarterly record of $738 million in revenue, representing a 35% year-over-year increase. Management noted, "most of our revenue growth was organic with contributions from both segments."
• Backlog Expansion — Total backlog and awards grew by 49% year-over-year, reaching $3.7 billion. The book-to-bill ratio improved to 1.9x, indicating strong future revenue potential, as stated by management, "backlog growth was essentially al...
• Acquisition Integration — The integration of The Bowers Group is progressing well, enhancing Legence's mechanical capabilities and expanding its fabrication footprint. Management expressed confidence, stating, "I personally came away from those i...
• Increased Guidance — Management raised full-year 2026 revenue guidance to $3.7 billion to $3.9 billion, up from $3.475 billion to $3.725 billion. This reflects a strong backlog and awards growth, as noted, "a key driver of the upward guidanc...

Read the full Legence Corp. transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 Legence Corp. earnings call transcripts on record, spanning November 14, 2025 to May 14, 2026. Based on this history, Legence Corp. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LGN

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Construction and Engineering

Calls on record

3

First call

November 14, 2025

Most recent

May 14, 2026

Reporting cadence

quarterly