Legence posts record Q3 revenue and lifts 2026 outlook while launching $150 M buyback
Legence Corp. announced third‑quarter 2026 results on 12 Nov 2026, showing revenue of $1.31 billion, an increase of about 85 % from the prior year, and net profit of $89.6 million. Adjusted EBITDA nearly doubled to $177 million and the backlog rose to $5.90 billion. The board approved a $150 million share‑repurchase program and the company raised its 2026 revenue guidance and issued initial guidance for 2027.
Why it matters
The company said the higher guidance reflects strong demand from data‑center projects, which should drive revenue growth into 2027. The new buyback program provides a direct cash return to shareholders, potentially supporting the stock price.
Key facts
- 1Third‑quarter revenue was $1.31 billion, up 85.1 % year over year. tradingview.com
- 2Net income attributable to Legence was $89.6 million. tradingview.com
- 3Adjusted EBITDA for the quarter amounted to $177.0 million. tradingview.com
- 4Backlog and awarded contracts reached $5.90 billion, a 92.5 % increase year over year. tradingview.com
- 5The board authorized a $150 million share‑repurchase plan. tradingview.com
- 6Data‑center revenue grew 181.3 % year over year to $828 million, representing about 63 % of total revenue. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.