Legence Sets 2027 Targets and Authorizes Share Repurchases

Legence Corp. set 2027 financial targets and authorized share repurchases, pairing its outlook with another option for allocating capital.

The company projects revenue of $5.3 billion to $5.6 billion and adjusted EBITDA of $690 million to $730 million for 2027. Management generally expects to prioritize acquisitions, with repurchases an option if acquisition economics do not meet the company’s criteria.

Legence management said customer forecasts and project plans for its data center work were unchanged, including projects in Virginia. About 40% of Legence’s data center work is in the state.

CEO and Director Jeffrey Sprau said quarterly revenue set a record and rose 85% year over year. He said backlog and awards grew by more than 90%, while quarterly adjusted EBITDA nearly doubled.