Legence (LGN) Q3 FY2026 earnings: revenue $1.3 billion, up 85.1% on the year
Legence Corp. (LGN) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 85.1% on the same quarter a year earlier. Net income was $90 million, and diluted earnings per share $1.15. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.
Revenue
$1.3 billion
+85.1% on the year · +3.8% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
12.8%
5.3% a year earlier
Q3 FY2024Q3 FY2026
Net income
$90 million
Q3 FY2024Q3 FY2026
Diluted EPS
$1.15
Q3 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 raised, 6 new.
Revenue up 85% with Bowers included: Revenue was $1.31 billion, up 85.1% from $708.0 million. Excluding about $322.7 million of Bowers revenue, non-GAAP revenue growth was 39.5%.
Adjusted EBITDA up 99% year over year: Non-GAAP Adjusted EBITDA was $177.0 million, up 99.3% from $88.8 million. Adjusted EBITDA margin was 13.5%, against 12.5% a year earlier.
Installation & Maintenance revenue up 124%: I&M revenue was $1.11 billion, up 124.0% from $495.8 million. Excluding Bowers, I&M revenue grew 58.9%.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
82.5
74.4
99.6
+10.9%
-17.2%
Capital expenditure
18.3
24.0
10.6
-23.8%
+73.3%
Free cash flow
64.2
50.3
89.0
+27.5%
-27.9%
Free cash flow margin
4.9%
4.0%
12.6%
Cash from investing
-18.2
-23.9
-10.5
Cash from financing
-15.5
-3.1
-10.9
Depreciation and amortisation
37.6
38.0
24.2
-0.9%
+55.6%
Share-based compensation
n/a
59.8
18.6
Diluted shares, weighted
78m
76m
n/a
+2.3%
Shares outstanding at period end
109m
108m
105m
+0.4%
+3.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
682
600
388
+13.7%
+76.0%
Non-controlling interest
390
377
440
+3.3%
-11.4%
Debt
1,007
1,035
829
-2.6%
+21.5%
Operating lease liabilities
131
130
94.6
+0.4%
+38.0%
Other liabilities
1,623
1,598
849
+1.6%
+91.1%
Total liabilities and equity
3,833
3,740
2,600
+2.5%
+47.4%
Fixed assets
n/a
n/a
81.1
Goodwill
823
823
783
0.0%
+5.1%
Intangible assets
760
792
562
-4.1%
+35.1%
Cash and equivalents
341
292
176
+16.7%
+93.6%
Receivables
842
919
588
-8.4%
+43.0%
Inventory
15.4
14.2
10.9
+8.8%
+41.3%
Other assets
1,053
900
399
+17.0%
+164.2%
Total assets
3,833
3,740
2,600
+2.5%
+47.4%
Questions
What was Legence's revenue in Q3 FY2026?
Legence (LGN) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 85.1% on the same quarter a year earlier.
How much did Legence earn in Q3 FY2026?
Net income for Q3 FY2026 was $90 million, and diluted earnings per share $1.15.
When did Legence report Q3 FY2026 results?
Legence filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.