Legence rises after FY 26 revenue guidance raise

Legence

14/05/2026 13:37

** Shares of Legence LGN.O gain nearly 9% to $108.94 premarket

** The engineering firm raises FY26 revenue guidance to $4.1 bln-$4.3 bln from $3.7 bln-$3.9 bln earlier

** Posts Q1 revenue of $1.04 bln, up 105% yr/yr

** Revenue growth driven in part by recent acquisitions, particularly The Bowers Group - LGN

** 16 of 17 brokerages rate the stock "buy" or higher, one "hold"; their median PT is $77 - LSEG data

** Stock has more than doubled in value YTD through Wednesday's close

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))