Aug. 13 at 1:31 PM
Legence (NASDAQ:
$LGN ) — Q2 Post Earnings
Legence Q2 validated the pre earnings focus on margin pressure, but the expected impact from subcontractor costs was not confirmed. Adjusted gross margin fell to 18.5% from 21.8% a year earlier, with Legence citing revenue mix and a slight decline in Engineering & Consulting margins. Revenue reached
$1.26 billion, while backlog and awarded contracts reached
$5.67 billion.