FINANCE NOTE

Legence (NASDAQ: LGN) — Q2 2026 Pre Earnings

Operations

Q1 2026
Q1 Revenue ↑ 105.14% YoY $1.04B
Divisions
Engineering & Consulting 16.0%
Installation & Maintenance 84.0%

Key Earnings Driver

Installation & Maintenance Engineering & Consulting revenue increased 14.0% year over year to $165.8M and Installation & Maintenance revenue increased 141.9% to $872.1M. Engineering & Consulting adjusted gross margin declined to 33.2% from 40.7%, primarily due to a higher percentage of subcontractor expenses, a revenue mix shift toward the lower margin Program & Project Management service line and lower project margins in Engineering & Design.

Key Operating Metrics¹

METRIC

STATUS

Engineering & Consulting↑ 14%

Installation & Maintenance↑ 141.9%

🟢 Scaling

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Legence website and/or SEC filings for Q1, with status based on reported data.