LGN
LEGENCE-A (LGN)
NASDAQ
$82.64-$5.56 (-6.30%)
Price as of Jun 23, 2026 5:03 PM EDT
  • $6.8B
    Market Cap
  • 3,442.17%
    1-Year Change
  • Engineering & Construction
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: N/A
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

Legence Announces Improved Term Loan Pricing on Credit Rating Upgrade

Legence Corp. (Nasdaq: LGN) announced a repricing of its $995 million term loan credit facility following an S&P Global Ratings upgrade of its issuer credit rating to BB- from B+, with a positive outlook. The upgrade triggered a 25 basis point reduction in pricing, bringing the Term Loan rate to SOFR plus 1.75%. The company also reported record first quarter 2026 revenues of $1.04 billion, representing 105% growth year-over-year.

06/08/2026, 8:00 AM • GlobeNewswire

Engineering Services Stock Jumps 80% Since September IPO as $24 Million Investor Bet Emerges

Legence, a Blackstone-backed engineering and technical services provider for HVAC and MEP systems, has surged 80% since its September IPO to $50.51 per share. Engle Capital Management initiated a new position with 559,000 shares worth $24.06 million in Q4, making it the firm's third-largest holding. The company reported record Q3 revenue of $708 million (up 26% YoY) and a $3.1 billion backlog, with recent acquisition of The Bowers Group expected to add $850 million in annual revenue.

03/12/2026, 5:02 PM • The Motley Fool

Legence Sets Fourth Quarter and Full-Year 2025 Earnings Release Date and Webcast Schedule

Legence Corp. (Nasdaq: LGN) announced it will release fourth quarter and full-year 2025 financial results on March 27, 2026, followed by an earnings conference call at 10:00 am EST. The webcast and presentation materials will be available on the company's investor relations website, with a replay available through April 27, 2026.

02/20/2026, 7:00 AM • GlobeNewswire

Legence Completes Acquisition of Bowers

Legence Corp. (NASDAQ:LGN) has completed its acquisition of The Bowers Group, a mechanical contractor based in Beltsville, Maryland with 40+ years of expertise. The deal involved $325 million in upfront cash consideration funded through cash on hand, revolving credit, a $200 million term loan upsizing, and approximately 2.55 million shares of Class A common stock, with an additional $50 million in deferred consideration due at the end of 2026.

01/02/2026, 4:55 PM • Benzinga

Legence Completes Acquisition of Bowers

Legence Corp. (Nasdaq: LGN) has completed its acquisition of The Bowers Group, a Maryland-based mechanical contractor with 40+ years of expertise in HVAC, plumbing, and process systems. The $325 million upfront purchase price was funded through cash, revolving credit, a $200 million term loan upsizing, and 2.55 million shares of Class A common stock, with an additional $50 million deferred consideration due at year-end 2026.

01/02/2026, 4:55 PM • GlobeNewswire

Peers

Statistics

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Day Range
$85.58
$90.23
$88.20
1-Year Range
$29.72
$102.27
$88.20
Latest Close$88.20
Change
+$2.63 (+2.98%)
Volume1,079,149
Market Cap$6.8B
Shares Outstanding76.9M
P/E (TTM)490.27
Diluted EPS (TTM)$0.18
Enterprise Value$6.6B

Information as of 06/22/2026

Company Profile

$6.8B
Market Cap
$15.0M
Net Income
Sector: Industrials
Industry: Engineering & Construction
1601 Las Plumas Avenue, San Jose, CA, United States, 95133
833 534 3623

Legence Corp. provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States. The company operates through two segments, Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable and provides program and project management services for client's installation and retrofit projects. This segment also offers engineering & design and program and project management services. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services, emergency repair, and break-fix services, as well as facility energy analysis, automation, optimization, and system certification and testing. It serves data centers, technology, life sciences, healthcare, education, mixed-use, state and local government, and other markets. The company was founded in 1914 and is based in San Jose, California.

Key Executives

  • Jeffrey Sprau
  • Stephen Butz
  • Stephen Hansen
  • Justin Schwartz
  • Bryce T. Seki

Current Ownership Distribution

  • Institutions193.5M (66.16%)
  • Mutual Funds57.9M (19.79%)
  • Insiders41.1M (14.05%)
  • Other0 (0.00%)