Barclays has initiated coverage of Legence Corp (LGN) with an Equal-Weight rating as of October 6, 2025. This marks the firm's first assessment of the company, which engages in the provision of engineering, installation, and maintenance services for mission-critical systems in buildings.
Headquartered in San Jose, California, Legence Corp operates in the construction industry and employs approximately 6,000 full-time staff. The company went public on September 12, 2025, and has a current market capitalisation of $4.7 billion. It operates through two segments: Engineering & Consulting, and Installation & Maintenance. The former focuses on designing HVAC and other mechanical, electrical, and plumbing systems, while the latter fabricates and installs these systems in various building types.
Legence is scheduled to report its upcoming earnings on November 14, 2025, with analysts estimating earnings per share of $0.06 and revenue of $646.2 million. In its most recent earnings performance for Q3 2025, the company reported an EPS of $0.18, exceeding estimates by 207.7%.
The analyst consensus reflects a generally positive outlook, with ratings of 7 Strong Buy, 9 Buy, and 3 Hold among 19 analysts. Such decisions reflect the varying perspectives on the company's growth potential within its industry.