Company Overview - Legence is a leading provider of engineering, installation, and maintenance services for mission-critical MEP systems in technically demanding buildings[18] - The company has approximately 1,200 engineers and energy consultants, and around 3,400 technicians and craftspeople[18] - Legence served approximately 19,000 clients since 2019, including over 60% of the Nasdaq-100[18] - Approximately 70% of Legence's revenue comes from existing buildings, with the remaining 30% from new buildings[18] Financial Performance - Legence's Q2 2025 LTM revenues reached $22 billion[18, 20] - The company's Q2 2025 LTM gross profit was $472 million[46, 84] - Adjusted EBITDA for Q2 2025 LTM was $244 million[84] - Legence experienced a 30% CAGR in revenues from 2022 to 2024[84] Growth and Strategy - Approximately 55% of Q2 2025 LTM revenues are from high-growth industries, including data centers & technology and life sciences & healthcare[20] - The company's backlog and awarded contracts as of June 30, 2025, totaled $28 billion[84, 95] - Legence's growth strategy focuses on high-growth end-markets, increasing wallet share with existing clients, bolt-on acquisitions, and increasing recurring revenues from maintenance[39] - The company has a client net revenue retention rate of approximately 121% over the last three years[69]