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Legence Shares Surge on Record Backlog and Raised Guidance

Legence Shares Surge on Record Backlog and Raised Guidance

Author:

Global Cryptocurrency

Published:

2026-03-28 09:47:02

20

3

BTCCSquare news:

Legence shares jumped 5.7% after posting a 34.6% quarterly revenue increase to $737.6 million, fueled by booming demand in data center infrastructure and healthcare tech. The California-based firm’s full-year revenue hit $2.55 billion—a 21.5% YoY gain—with adjusted EBITDA reaching $298.8 million.

Installation services drove 44.4% growth as hyperscalers and life sciences clients expanded capex. Management raised 2026 targets, citing a $4.3 billion backlog that suggests sustained momentum in critical infrastructure buildouts.

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