Legence Corp. reported a wider second-quarter loss despite strong revenue growth, driven by goodwill and asset impairment charges. Net loss attributable to Legence widened to $27.84 million, or $0.37 per share, from $5.27 million, or $0.23 per share, a year ago, including $21.59 million of goodwill impairment and $19.49 million of long-lived asset impairment charges. Adjusted EBITDA increased 114.1% to $154.6 million from $72.2 million, while revenue grew 110.7% to $1.26 billion from $598.9 million. The company raised its full-year 2026 revenue outlook to $4.7 billion to $4.8 billion from $4.1 billion to $4.3 billion, and increased its adjusted EBITDA outlook to $565 million to $585 million from $470 million to $490 million. For the third quarter, Legence expects revenue of $1.225 billion to $1.275 billion and adjusted EBITDA of $150 million to $160 million.
Legence Corp. Class A Common stockRaises FY26 revenue and adjusted EBITDA outlook despite impairment charges