Legence Corp.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
LGN$32.05-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | $1,037,893 | $505,953 |
| Cost of revenue | 851,739 | 394,249 |
| Gross profit | 186,154 | 111,704 |
| Selling, general and administrative | 116,095 | 69,459 |
| Depreciation and amortization | 36,828 | 26,092 |
| Acquisition-related costs | 11,432 | 157 |
| Gain on sale of property and equipment | (64) | (98) |
| Equity in earnings of joint venture | (504) | (460) |
| Income from operations | 22,367 | 16,554 |
| Other expense (income): | ||
| Interest expense (including $1,680 and $4,296 for the three months in 2026 and 2025, respectively, from related parties) | 17,000 | 29,641 |
| Interest income | (1,320) | (755) |
| Credit agreement amendment fees | 3,243 | 2,877 |
| Other income, net | (569) | (108) |
| Total other expense, net | 18,354 | 31,655 |
| Income (loss) before income tax | 4,013 | (15,101) |
| Income tax (benefit) expense | (13,381) | 4,038 |
| Net income (loss) | 17,394 | (19,139) |
| Net income attributable to noncontrolling interests | 1,300 | 2,074 |
| Net income (loss) attributable to Legence | $16,094 | $(21,213) |
| Earnings per share: | ||
| Basic | $0.24 | |
| Diluted | $0.13 | |
| Weighted-average Class A Common Stock outstanding: | ||
| Basic | 67,151 | |
| Diluted | 108,431 | |
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