Browsing Tag
Legence Corp.
2 posts
Legence Corp.’s $5.67bn backlog is 80% installation work, but the margin mix may be better than Q2 suggests
Installation & Maintenance accounts for $4.55 billion of Legence Corp.’s $5.67 billion backlog and carries a 16.1% adjusted gross margin. Yet higher-margin Engineering & Consulting represents a larger share of backlog than it does of current revenue.
Legence revenue doubles to $1.26bn as AI data-center boom pushes backlog to record $5.7bn
Legence revenue surged 111% and backlog hit $5.7 billion as AI data-center demand soared. See why higher guidance failed to lift shares.