Legence Corp. filings document the public-company reporting record for a Nasdaq-listed provider of engineering, consulting, installation, and maintenance services for building systems. The filings cover Class A common stock registration statements, prospectus disclosures for public equity offerings, operating and financial results, and segment information tied to Installation and Maintenance and Engineering and Consulting.
Legence's proxy and current reports address shareholder voting matters, board and committee governance, compensation arrangements, ownership and change-in-control disclosures, material agreements, and capital-structure matters involving Class A common stock, Class B common stock, and units of Legence Holdings LLC. The record also includes 8-K disclosures for earnings releases and other material events.
Legence Corp reported strong growth for the quarter ended March 31, 2026. Revenue reached $1,037.9 million, up from $505.9 million a year earlier, driven mainly by the Installation & Maintenance segment. The company swung to a net income attributable to Legence of $16.1 million, compared with a $21.2 million loss in the prior-year period, with diluted earnings per share of $0.13.
Operating cash flow improved sharply to $120.1 million from $29.5 million, while Legence invested heavily in growth, spending $281.3 million in cash on acquisitions and completing the purchases of The Bowers Group and Metrix Engineers for total consideration of about $460.0 million. These deals added $77.6 million of goodwill and $324.4 million of new intangible assets.
Total assets increased to $3.48 billion, and total debt rose to $1.03 billion after a new $200.0 million term loan used to help finance acquisitions. The company reported remaining performance obligations of $4,196.5 million, with most expected to convert to revenue over the next few years, supporting visibility into future activity.
Legence Corp. reported very strong first quarter 2026 results, with revenue of $1.04 billion, up 105.1% from $506.0 million a year earlier. Excluding the Bowers acquisition, non-GAAP revenue grew 57.1%, showing substantial organic expansion, especially in the Installation & Maintenance segment.
Net income attributable to Legence was $16.1 million versus a $21.2 million loss a year ago, while non-GAAP Adjusted EBITDA rose 132.4% to $118.1 million. Total backlog and awarded contracts reached a record $5.38 billion, up 103.9%. The company issued second-quarter 2026 guidance for revenue of $1.05–$1.1 billion and non-GAAP Adjusted EBITDA of $115–$125 million, and raised full-year 2026 guidance to revenue of $4.1–$4.3 billion and non-GAAP Adjusted EBITDA of $470–$490 million.
LEGENCE CORP reports institutional ownership disclosure by FMR LLC. FMR LLC and Abigail P. Johnson report beneficial ownership of 2,958,359.29 shares of Class A common stock, representing 4.4% of the class (CUSIP 52476L109).
The schedule states sole dispositive power for the listed shares and notes other persons may have rights to dividends or sale proceeds; Exhibit 99 and a power of attorney are referenced.
Legence Corp. reports beneficial ownership disclosures by related Blackstone entities and affiliates. As of March 31, 2026, Legence Parent ML LLC directly holds 178,571 shares of Class A common stock and 40,699,833 shares issuable upon one-for-one exchange of Class B units. Legence Parent II ML LLC directly holds 25,162,794 shares. The filing states the percentage calculations are based on 67,338,099 shares outstanding as of March 24, 2026 and identifies aggregate shared voting/dispositive power positions (for example, 66,041,198 shares of shared power reported by several Blackstone entities). The disclosure traces control through multiple affiliated entities and names Stephen A. Schwarzman as the founder controlling Blackstone Group Management L.L.C.
Legence Corp. is calling a 2026 annual stockholder meeting on June 11, 2026 in San Jose, California to elect Class I directors, hold advisory votes on executive pay and pay frequency, approve a 2026 employee stock purchase plan and ratify its independent auditor.
The company highlights 2025 as a milestone year following its IPO, citing back-to-back record inaugural quarters, strong organic revenue growth and a record year-end backlog that supports a robust 2026 outlook. Legence provides engineering, consulting, installation and maintenance services for complex HVAC and MEP systems, serving clients including over 60% of the Nasdaq‑100 Index.
Directors are organized into three staggered classes, with separate audit, compensation, and nominating and governance committees composed of independent directors. Executive pay blends base salary, performance-based annual bonuses and long-term equity. In 2025, CEO Jeffrey Sprau received a $1,000,000 salary, a $1,581,930 bonus under the executive incentive plan and equity awards, for total compensation of $8,281,845.
Legence Corp. saw Blackstone-affiliated entities convert and sell a large block of shares. Legence Parent ML LLC exchanged 9,528,699 Class B Units of Legence Holdings LLC, together with an equal number of Class B Common shares, for 9,528,699 Class A Common shares. In connection with a secondary offering, Parent ML then sold 9,528,699 Class A shares and Legence Parent II ML LLC sold 5,865,413 Class A shares to underwriters at $54.00 per share, less $1.89 in underwriting discounts and commissions. After these transactions, Parent ML held 178,571 Class A shares and 31,171,134 Class B Units and corresponding Class B Common shares, while Parent II ML held 19,297,381 Class A shares indirectly through Blackstone-related structures that disclaim full beneficial ownership beyond pecuniary interests.
Legence Corp. reported major insider activity involving Blackstone-affiliated holders. Legence Parent ML LLC exchanged 9,528,699 Class B Units of Legence Holdings LLC, together with an equal number of Legence Class B Common shares forfeited for no additional consideration, for 9,528,699 Legence Class A Common shares in an exchange transaction.
In connection with a secondary offering of Legence Class A Common Stock, Parent ML and Legence Parent II ML LLC sold 9,528,699 and 5,865,413 Class A shares, respectively, to underwriters at $54.00 per share, less $1.89 per share in underwriting discounts and commissions. Following these transactions, Parent ML indirectly holds 178,571 Class A shares and Parent II ML indirectly holds 19,297,381 Class A shares, while Parent ML continues to hold Class B Units and Class B Common Stock.
Legence Corp. selling stockholders are offering 13,386,185 shares of Class A Common Stock in a firm‑commitment resale offering at a public offering price of $54.00 per share. The company will not receive any proceeds from the sale; proceeds are payable to the selling stockholders. The underwriters have a 30‑day option to purchase up to 2,007,927 additional shares on the same terms. The prospectus states underwriting discounts of $1.89 per share and proceeds to selling stockholders of $52.11 per share. The prospectus discloses post‑offering Class A share counts of 75,623,925 (or 76,866,798 if the option is exercised) and reports shares outstanding of 67,338,099 as of March 26, 2026.