Legence (LGN) Investor presentation summary

Company overview and market position

• Leading provider of engineering, installation, and maintenance for mission-critical MEP systems in complex buildings, with $3.7B in Q2 2026 LTM revenues.

• Top 2 pure-play MEP engineering firm in the U.S., serving over 60% of the Nasdaq-100 and 20,000+ clients since 2019.

• Approximately 70% of Q2 2026 LTM revenues come from high-growth industries such as data centers, technology, and life sciences.

• National footprint with 10,000+ employees across 47 states, strong presence in major data center and life sciences hubs.

Business model and services

• Offers end-to-end MEP solutions: engineering & design, installation & fabrication, maintenance & service, and program/project management.

• Unique integrated design-install-maintain approach provides single-source relationships, reducing costs and project timelines for clients.

• Focus on recurring revenue through maintenance contracts and long-term client relationships, with 23-year average tenure among top 10 clients.

Financial performance and growth

• Achieved 27% CAGR in revenues and 32% CAGR in gross profit from 2022 to 2025.

• Q2 2026 LTM revenues reached $3.7B, with $736M in adjusted gross profit and $448M in adjusted EBITDA.

• Record Q2 2026 revenue of $1.26B, up 111% YoY; organic revenue growth (excluding Bowers) was 60% YoY.

• Backlog and awarded contracts at $5.7B as of June 30, 2026, with a book-to-bill ratio of 1.2x.