Form 8-K
8-K — Legence Corp.
Accession: 0001193125-26-127539
Filed: 2026-03-27
Period: 2026-03-27
CIK: 0002052568
SIC: 1700 (CONSTRUCTION SPECIAL TRADE CONTRACTORS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — d64558d8k.htm (Primary)
EX-99.1 (d64558dex991.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: d64558d8k.htm · Sequence: 1
8-K
false 0002052568 0002052568 2026-03-27 2026-03-27
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 27, 2026
Legence Corp.
(Exact name of registrant as specified in its charter)
Delaware
001-42838
33-2905250
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1601 Las Plumas Avenue
San Jose, CA
95133
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (833) 534-3623
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Class A common stock, par value $0.01 per share
LGN
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On March 27, 2026, Legence Corp. (the “Company”) issued a press release announcing its financial and operating results for the quarter and year ended December 31, 2025. A copy of the Company’s press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
99.1
Press Release, dated March 27, 2026 (furnished solely for purposes of Item 2.02 of this Form 8-K).
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LEGENCE CORP.
Dated: March 27, 2026
By:
/s/ Stephen Butz
Name:
Stephen Butz
Title:
Chief Financial Officer
EX-99.1
EX-99.1
Filename: d64558dex991.htm · Sequence: 2
EX-99.1
Exhibit 99.1
Legence Reports Fourth Quarter and Year End 2025 Financial Results
Record Quarterly Revenues of $737.6 Million, a 34.6% Increase from a Year Ago
Quarterly Adjusted EBITDA (non-GAAP) Increased 53% from Prior Year1
Record Total Backlog and Awards of $3.7 Billion, 49% Increase from a Year Ago, with
Robust Q4 Book-to-Bill of 1.9x
Tuck-In Acquisition of Seattle Area-Based Engineering Firm
Establish First Quarter 2026 Guidance for
Revenue of $925 Million - $950 Million and Non-GAAP Adjusted EBITDA of $90 Million - $100 Million
Raise Full Year 2026 Guidance for Revenue to $3.7 Billion - $3.9 Billion and Non-GAAP Adjusted EBITDA
of $400 Million - $430 Million
SAN JOSE, California – March 27, 2026 – Legence Corp. (Nasdaq: LGN) (“Legence” or the
“Company”) today reported financial results for the fourth quarter and year ended December 31, 2025.
“Our fourth quarter 2025
performance punctuates a milestone year for Legence,” said Jeff Sprau, Chief Executive Officer of Legence. “We achieved record quarterly revenues which increased by 34.6% year over year, driven almost entirely by organic growth. Total
backlog and awarded contracts surged by 49% to a record $3.7 billion, led by Data Centers & Technology, along with State & Local Government and Life Science & Healthcare end markets. This exceptional performance is
made possible by the dedication of our outstanding team of skilled labor and engineering professionals, who continue to execute at the highest and safest level for our customers.
Our latest results speak to the demand momentum for mission-critical building systems, which we anticipate will continue throughout 2026 and beyond. The
combination of robust industry tailwinds, our record backlog, and the strategic addition of The Bowers Group, Inc. (“Bowers”), along with several recent tuck-in acquisitions over the past year,
positions Legence for an exciting new phase of growth.”
Fourth Quarter and Full Year 2025 Consolidated Results:
Revenues for the fourth quarter 2025 totaled $737.6 million, an increase of 34.6% from $548.2 million for the fourth quarter 2024. Gross profit for
the fourth quarter 2025 was $147.5 million with gross margin of 20.0%, compared to gross profit of $112.9 million and gross margin of 20.6% for the fourth quarter 2024. Excluding the impact of stock-based compensation related to legacy
profit interest units paid for by entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $156.6 million and non-GAAP Adjusted Gross Margin of
21.2% for the fourth quarter 2025, compared to non-GAAP Adjusted Gross Profit of $112.3 million and non-GAAP Adjusted Gross Margin of
1
Adjusted EBITDA is a non-GAAP financial measure. Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included in the section titled “Non-GAAP Financial Measures.”
1
20.5% for the fourth quarter 2024. Net loss attributable to Legence for the fourth quarter 2025 was $32.7 million, or $(0.55) per diluted share, compared to a net loss of $18.7 million
for the fourth quarter 2024. Non-GAAP Adjusted EBITDA for the fourth quarter 2025 was $87.0 million, an increase of 53.2% from $56.8 million for the fourth quarter 2024. Refer to “Non-GAAP Financial Measures” for definitions of Adjusted Gross Profit, Adjusted Gross Margin and Adjusted EBITDA and a reconciliation of each to the most directly comparable GAAP measure.
Legence Corp. Consolidated Results
($ in thousands)
Three Months Ended December 31,
2025
2024
Year over Year Change
$
%
$
%
$
%
Revenues:
Engineering & Consulting
$
172,580
23.4
%
$
156,872
28.6
%
$
15,708
10.0
%
Installation & Maintenance
565,062
76.6
%
391,343
71.4
%
173,719
44.4
%
Consolidated Revenues
$
737,642
100.0
%
$
548,215
100.0
%
$
189,427
34.6
%
Three Months Ended December 31,
2025
2024
Year over Year
Change
$
% Margin
$
% Margin
$
%
Gross Profit:
Engineering & Consulting
$
47,779
27.7
%
$
51,518
32.8
%
$
(3,739
)
(7.3
)%
Installation & Maintenance
99,709
17.6
%
61,423
15.7
%
38,286
62.3
%
Consolidated Gross Profit
$
147,488
20.0
%
$
112,941
20.6
%
$
34,547
30.6
%
Non-GAAP Adjusted Gross Profit
$
156,560
21.2
%
$
112,315
20.5
%
$
44,245
39.4
%
Non-GAAP Adjusted EBITDA
$
86,981
11.8
%
$
56,788
10.4
%
$
30,193
53.2
%
Revenues for the full year 2025 totaled $2.6 billion, an increase of 21.5% from $2.1 billion for the full year 2024.
Gross profit for the full year 2025 was $535.9 million with gross margin of 21.0%, compared to gross profit of $430.8 million and gross margin of 20.5% for the full year 2024. Excluding the impact of stock-based compensation related to
legacy profit interest units paid for by entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $549.7 million and non-GAAP Adjusted Gross
Margin of 21.6% for the full year 2025, compared to non-GAAP Adjusted Gross Profit of $432.1 million and non-GAAP Adjusted Gross Margin of 20.6% for the full year
2024. Net loss attributable to Legence for the full year 2025 was $59.8 million, compared to a net loss of $28.6 million for the full year 2024. Non-GAAP Adjusted EBITDA for the full year 2025 was
$298.8 million, an increase of 30.1% from $229.6 million for the full year 2024. Refer to “Non-GAAP Financial Measures” for definitions of Adjusted Gross Profit, Adjusted Gross Margin and
Adjusted EBITDA and a reconciliation of each to the most directly comparable GAAP measure.
2
Legence Corp. Consolidated Results
($ in thousands)
Twelve Months Ended December 31,
2025
2024
Year over Year Change
$
%
$
%
$
%
Revenues:
Engineering & Consulting
$
726,293
28.5
%
$
601,602
28.7
%
$
124,691
20.7
%
Installation & Maintenance
1,824,198
71.5
%
1,497,000
71.3
%
327,198
21.9
%
Consolidated Revenues
$
2,550,491
100.0
%
$
2,098,602
100.0
%
$
451,889
21.5
%
Twelve Months Ended December 31,
2025
2024
Year over Year Change
$
% Margin
$
% Margin
$
%
Gross Profit:
Engineering & Consulting
$
238,869
32.9
%
$
205,085
34.1
%
$
33,784
16.5
%
Installation & Maintenance
297,056
16.3
%
225,682
15.1
%
71,374
31.6
%
Consolidated Gross Profit
$
535,925
21.0
%
$
430,767
20.5
%
$
105,158
24.4
%
Non-GAAP Adjusted Gross Profit
$
549,665
21.6
%
$
432,083
20.6
%
$
117,582
27.2
%
Non-GAAP Adjusted EBITDA
$
298,825
11.7
%
$
229,625
10.9
%
$
69,200
30.1
%
Engineering & Consulting Segment Results:
Engineering & Consulting segment revenue for the fourth quarter 2025 totaled $172.6 million, an increase of 10.0% from $156.9 million for
the fourth quarter 2024, driven by higher demand for Program & Project Management services, primarily from education and other clients including hospitality & entertainment, partially offset by modestly lower revenue from our
Engineering & Design service line, primarily from education and data centers & technology clients.
Engineering & Consulting
segment gross profit for the fourth quarter 2025 totaled $47.8 million, a decrease of 7.3% from $51.5 million for the fourth quarter 2024. Excluding the impact of stock-based compensation related to legacy profit interest units paid for by
entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $53.4 million and non-GAAP Adjusted Gross Margin of 30.9% for the fourth quarter 2025,
compared to non-GAAP Adjusted Gross Profit of $51.2 million and non-GAAP Adjusted Gross Margin of 32.6% for the fourth quarter 2024. Refer to “Non-GAAP Financial Measures” for definitions of Adjusted Gross Profit and Adjusted Gross Margin and a reconciliation of each to the most directly comparable GAAP measure. The increase in non-GAAP Adjusted Gross Profit was driven by revenue growth, partially offset by lower non-GAAP Adjusted Gross Margin. The decrease in
non-GAAP Adjusted Gross Margin was primarily driven by a higher mix of revenue from the Program & Project Management service line and lower Program & Project Management margins.
3
Engineering & Consulting Segment Results
($ in thousands)
Three Months Ended December 31,
2025
2024
Year over Year Change
$
%
$
%
$
%
Segment Revenues:
Engineering & Design
$
100,848
58.4
%
$
101,583
64.8
%
$
(735
)
(0.7
)%
Program & Project Management
71,732
41.6
%
55,289
35.2
%
16,443
29.7
%
Engineering & Consulting Revenues
$
172,580
100.0
%
$
156,872
100.0
%
$
15,708
10.0
%
Three Months Ended December 31,
2025
2024
Year over Year Change
$
% Margin
$
% Margin
$
%
Engineering & Consulting Gross Profit
$
47,779
27.7
%
$
51,518
32.8
%
$
(3,739
)
(7.3
)%
Engineering & Consulting Non-GAAP Adjusted
Gross Profit
53,405
30.9
%
51,185
32.6
%
2,220
4.3
%
Engineering & Consulting segment revenue for the full year 2025 totaled $726.3 million, an increase of 20.7%
from $601.6 million for the full year 2024. Approximately 80% of the revenue increase resulted from the full year impact of acquisitions completed in 2024 and partial impact of an acquisition completed in late 2025. Our Engineering &
Design service line revenue increased by 22.8%, driven primarily from life sciences & healthcare and other clients including hospitality & entertainment. Our Program & Project Management service line revenue increased by
17.9%, driven primarily from other clients including hospitality & entertainment.
Engineering & Consulting segment gross profit for the
full year 2025 totaled $238.9 million, an increase of 16.5% from $205.1 million for the full year 2024. Excluding the impact of stock-based compensation related to legacy profit interest units paid for by entities outside of Legence, we
generated non-GAAP Adjusted Gross Profit of $247.3 million and non-GAAP Adjusted Gross Margin of 34.0% for the full year 2025, compared to non-GAAP Adjusted Gross Profit of $205.9 million and non-GAAP Adjusted Gross Margin of 34.2% for the full year 2024. Refer to
“Non-GAAP Financial Measures” for definitions of Adjusted Gross Profit and Adjusted Gross Margin and a reconciliation of each to the most directly comparable GAAP measure. The increase in non-GAAP Adjusted Gross Profit was driven by revenue growth, partially offset by modestly lower non-GAAP Adjusted Gross Margin. The decline in
non-GAAP Adjusted Gross Margin was driven by lower Engineering & Design margin, primarily from life sciences & healthcare, state & local government and education clients.
4
Engineering & Consulting Segment Results
($ in thousands)
Twelve Months Ended December 31,
2025
2024
Year over Year Change
$
%
$
%
$
%
Segment Revenues:
Engineering & Design
$
425,014
58.5
%
$
345,977
57.5
%
$
79,037
22.8
%
Program & Project Management
301,279
41.5
%
255,625
42.5
%
45,654
17.9
%
Engineering & Consulting Revenues
$
726,293
100.0
%
$
601,602
100.0
%
$
124,691
20.7
%
Twelve Months Ended December 31,
2025
2024
Year over Year Change
$
% Margin
$
% Margin
$
%
Engineering & Consulting Gross Profit
$
238,869
32.9
%
$
205,085
34.1
%
$
33,784
16.5
%
Engineering & Consulting Non-GAAP Adjusted
Gross Profit
247,282
34.0
%
205,922
34.2
%
41,360
20.1
%
Installation & Maintenance Segment Results:
Installation & Maintenance segment revenue for the fourth quarter 2025 totaled $565.1 million, an increase of 44.4% from $391.3 million for
the fourth quarter 2024. The increase was driven by robust demand for our Installation & Fabrication services, primarily from data centers & technology and life sciences & healthcare clients, partially offset by lower
revenue from mixed-use and other clients. Additionally, the increase in Maintenance & Service revenue was primarily from data centers & technology clients.
Installation & Maintenance segment gross profit for the fourth quarter 2025 totaled $99.7 million, an increase of 62.3% from $61.4 million
for the fourth quarter 2024. Excluding the impact of stock-based compensation related to legacy profit interest units paid for by entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of
$103.2 million and non-GAAP Adjusted Gross Margin of 18.3% for the fourth quarter 2025, compared to non-GAAP Adjusted Gross Profit of $61.1 million and non-GAAP Adjusted Gross Margin of 15.6% for the fourth quarter 2024. Refer to “Non-GAAP Financial Measures” for definitions of Adjusted Gross Profit and Adjusted
Gross Margin and a reconciliation of each to the most directly comparable GAAP measure. The increase in non-GAAP Adjusted Gross Profit was primarily driven by revenue growth, as well as higher non-GAAP Adjusted Gross Margin. The increase in non-GAAP Adjusted Gross Margin was primarily due to higher margins in the Installation & Fabrication service line,
driven by strong project execution, partially offset by a higher mix of revenue from the Installation & Fabrication service line.
5
Installation & Maintenance Segment Results
($ in thousands)
Three Months Ended December 31,
2025
2024
Year over Year Change
$
%
$
%
$
%
Segment Revenues:
Installation & Fabrication
$
475,406
84.1
%
$
310,269
79.3
%
$
165,137
53.2
%
Maintenance & Service
89,656
15.9
%
81,074
20.7
%
8,582
10.6
%
Installation & Maintenance Revenues
$
565,062
100.0
%
$
391,343
100.0
%
$
173,719
44.4
%
Three Months Ended December 31,
2025
2024
Year over Year Change
$
% Margin
$
% Margin
$
%
Installation & Maintenance Gross Profit
$
99,709
17.6
%
$
61,423
15.7
%
$
38,286
62.3
%
Installation & Maintenance Non-GAAP Adjusted
Gross Profit
103,155
18.3
%
61,130
15.6
%
42,025
68.7
%
Installation & Maintenance segment revenue for the full year 2025 totaled $1.8 billion, an increase of 21.9%
from $1.5 billion for the full year 2024. The increase was driven by greater demand for Installation & Fabrication services, primarily from data centers & technology and life sciences & healthcare clients, partially
offset by lower revenue from mixed-use and other clients including hospitality & entertainment. Additionally, the increase in Maintenance & Service revenue was primarily from data
centers & technology and life sciences & healthcare clients, partially offset by other clients.
Installation & Maintenance
segment gross profit for the full year 2025 totaled $297.1 million, an increase of 31.6% from $225.7 million for the full year 2024. Excluding the impact of stock-based compensation related to legacy profit interest units paid for by
entities outside of Legence, we generated non-GAAP Adjusted Gross Profit of $302.4 million and non-GAAP Adjusted Gross Margin of 16.6% for the full year 2025,
compared to non-GAAP Adjusted Gross Profit of $226.2 million and non-GAAP Adjusted Gross Margin of 15.1% for the full year 2024. Refer to “Non-GAAP Financial Measures” for definitions of Adjusted Gross Profit and Adjusted Gross Margin and a reconciliation of each to the most directly comparable GAAP measure. The increase in non-GAAP Adjusted Gross Profit was primarily driven by revenue growth, as well as higher non-GAAP Adjusted Gross Margin. The increase in
non-GAAP Adjusted Gross Margin was primarily due to higher margins in the Installation & Fabrication service line, driven by strong project execution, partially offset by a higher mix of revenue from
Installation & Fabrication service line.
6
Installation & Maintenance Segment Results
($ in thousands)
Twelve Months Ended December 31,
2025
2024
Year over Year Change
$
%
$
%
$
%
Segment Revenues:
Installation & Fabrication
$
1,493,830
81.9
%
$
1,183,750
79.1
%
$
310,080
26.2
%
Maintenance & Service
330,368
18.1
%
313,250
20.9
%
17,118
5.5
%
Installation & Maintenance Revenues
$
1,824,198
100.0
%
$
1,497,000
100.0
%
$
327,198
21.9
%
Twelve Months Ended December 31,
2025
2024
Year over Year Change
$
% Margin
$
% Margin
$
%
Installation & Maintenance Gross Profit
$
297,056
16.3
%
$
225,682
15.1
%
$
71,374
31.6
%
Installation & Maintenance Non-GAAP Adjusted
Gross Profit
302,383
16.6
%
226,161
15.1
%
76,222
33.7
%
Backlog and Awarded Contracts
Backlog and awarded contracts totaled $3.7 billion at December 31, 2025, an increase of 48.6% from $2.5 billion at December 31, 2024. The
consolidated book-to-bill ratio for the three-month and twelve-month period ended December 31, 2025 was 1.9x and 1.6x, respectively. Engineering &
Consulting segment backlog and awarded contracts increased by 16.2% year over year, primarily from growth in the state & local government and life science & healthcare end markets, partially offset by a decline in the mixed-use end market. Installation & Maintenance segment backlog and awarded contracts increased by 65.8% year over year, primarily from strong growth in the data center & technology end market.
Backlog and awarded contracts at December 31, 2025 exclude values from Bowers. The Company estimates backlog and awarded contracts for Bowers of approximately $1.5 billion at December 31, 2025.
Backlog and Awarded Contracts
($ in thousands)
As of December 31,
Year over Year Change
2025
2024
$
%
Engineering & Consulting
$
994,073
$
855,784
$
138,289
16.2
%
Installation & Maintenance
2,680,276
1,616,310
1,063,966
65.8
%
Total Backlog and Awarded Contracts
$
3,674,349
$
2,472,094
$
1,202,255
48.6
%
Book-to-bill ratio
for the three months ended December 31
1.9x
1.2x
Book-to-bill ratio
for the twelve months ended December 31
1.6x
1.3x
7
Acquisitions
On March 1, 2026, the Company completed the acquisition of Metrix Engineers LLC (“Metrix”). Founded in 2011, Metrix is a Renton, WA-based MEP engineering firm with a strong presence in the education end market in the Pacific Northwest. Total consideration for Metrix was approximately $30 million, of which less than 25% was paid in
equity.
“The Metrix team is a great addition to our organization, within the Engineering & Consulting segment, and aligns well with our
collaborative culture,” said Jeff Sprau, Chief Executive Officer of Legence. “This acquisition adds scale to our engineering and consulting capabilities in the Pacific Northwest, a region known for innovation, diversifies our customer
base and offers compelling cross selling opportunities. Metrix reflects our disciplined M&A approach which targets strategic opportunities that are expected to drive growth and enhance margins.”
Balance Sheet
At December 31, 2025, the Company had
cash and equivalents of approximately $230.2 million and total debt2 of approximately $825.1 million. As a result, net leverage was 2.0 times, based on
non-GAAP Adjusted EBITDA for the last 12 months ended December 31, 2025. Refer to “Non-GAAP Financial Measures” for a definition and calculation of net
leverage. On January 2, 2026, the Company completed the acquisition of Bowers, which resulted in an upfront cash payment of $325 million (subject to customary adjustments), funded by a combination of cash on hand, a $200 million
upsizing of the Company’s term loan facility and borrowings under the Company’s revolving line of credit. Borrowings under the revolving line of credit have since been repaid. In conjunction with the Bowers acquisition, the Company also
issued approximately 2.55 million shares of the Company’s Class A common stock. Legence will pay an additional approximately $50 million of deferred consideration at the end of 2026 in cash or shares of the Company’s
Class A common stock, or a combination, at the Company’s discretion.
Guidance
Legence announces the following guidance for the first quarter of 2026:
•
Total revenues of $925 million to $950 million; and
•
Non-GAAP adjusted EBITDA of $90 million to $100 million.
Legence revises guidance for full year 2026 as follows (which in both cases, reflects the expected results following the acquisition of
Metrix and incorporates the previously-disclosed separate guidance for Bowers for full year 2026):
•
Total revenues of $3.7 billion to $3.9 billion, up from $3.5 billion to $3.7 billion; and
•
Non-GAAP Adjusted EBITDA of $400 million to $430 million, up
from $370 million to $400 million.
2
Total debt defined as Term Loan balance of $797.8 million and Notes Payable balance of $27.3 million.
8
Conference Call
Legence will host a webcast and conference call to discuss its financial results on March 27, 2026 at 10:00 a.m. (Eastern Time). The webcast link to the
call and the slide presentation to accompany the call remarks can be accessed on the Company’s website at https://investors.wearelegence.com/. A replay of the webcast can be accessed through the same webcast link on the Company’s website
shortly after the call and will be available through April 27, 2026.
About Legence
Legence is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings. The Company
specializes in designing, fabricating, and installing complex HVAC, process piping, and other mechanical, electrical and plumbing (MEP) systems—enhancing energy efficiency, reliability, and sustainability in new and existing facilities.
Legence also delivers long-term performance through strategic upgrades and holistic solutions. Serving some of the world’s most technically demanding sectors, Legence counts over 60% of the Nasdaq-100
Index among its clients.
Forward-Looking Statements
Some of the information in this press release may contain “forward-looking statements.” All statements, other than statements of historical fact
included in this press release regarding our strategy, future operations, financial position and guidance, estimated revenues and losses, projected costs, prospects, plans and objectives of management, are forward-looking statements. When used in
this press release, words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“could,” “should,” “plan,” “potential,” “predict,” “forecast,” “budget,” “project,” “future,” “will,” “seek,”
“foreseeable,” the negative versions of these words and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements
are not historical facts but rather are based on management’s current belief, based on currently available information, as to the outcome and timing of future events, and it is possible that the results described in this press release will not
be achieved. Such statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking
statements, including, but not limited to, changes to economic and regulatory conditions and other trends in the markets in which we operate; our ability to compete effectively in our target markets; the business plans or financial condition of our
customers; the impact of acquired companies, including Bowers and Metrix, on our organization and the ability to recognize the anticipated benefits of such acquisitions; the regulations related to environmental, health and safety matters; the
ability to receive necessary government permits and approvals; the future availability and price of materials and equipment necessary for the performance of our business; the risks associated with inflation, interest rates, recessionary economic
conditions and commodity prices; the fact that we outsource various elements of the services we sell and use materials and equipment produced by third parties; our clients’ reliance on third party financing; the recognition of all revenues
from our backlog and awarded contracts; our receipt of all payments anticipated under awarded projects and customer contracts; the maintenance of safe work sites and equipment; restrictions imposed by our existing and any future
9
indebtedness; our exposure to costs and liabilities under environmental, health and safety laws; misconduct and errors by employees, subcontractors, partners or third party service providers; and
the other risks described under the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s final prospectus, dated December 11,
2025, filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended, on December 15, 2025 (the “Prospectus”), and our Annual Report on Form 10-K for the year ended December 31, 2025 (the “Annual Report”) to be filed with the SEC, and in other documents the Company subsequently files from time to time with the SEC. Except as otherwise
required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified in their entirety by the statements in this section, to reflect events or circumstances after the date of this press
release. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the
Prospectus and the Annual Report and in the Company’s subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements.
Contact
Media: media@wearelegence.com
Investor Relations: ir@wearelegence.com
10
Legence Corp.
Condensed Consolidated Statements of Operations
(In thousands, except per share data) (Unaudited)
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
Revenue
$
737,642
$
548,215
$
2,550,491
$
2,098,602
Cost of revenue
590,154
435,274
2,014,566
1,667,835
Gross profit
147,488
112,941
535,925
430,767
Selling, general and administrative
114,813
63,040
342,627
242,888
Depreciation and amortization
24,746
26,415
100,365
97,153
Acquisition-related costs
4,768
41
5,739
5,634
Gain on sale of property and equipment
(127
)
—
(326
)
—
Goodwill impairment
24,966
17,804
24,966
17,804
Long-lived asset impairment
2,415
—
2,415
—
Equity in earnings of joint venture
(595
)
68
(1,443
)
(3,063
)
(Loss) income from operations
(23,498
)
5,573
61,582
70,351
Other expense (income):
Interest expense (including $1,564 and $3,353 for the three months in 2025 and 2024, respectively,
and $13,340 and $13,316 for the years ended December 31, 2025 and 2024, respectively, from related parties)
13,550
26,217
101,778
91,609
Interest income
(1,900
)
(1,108
)
(4,488
)
(5,464
)
Loss on debt extinguishment
966
—
6,651
—
Credit agreement amendment fees
3,312
3,682
6,302
7,801
Other expense (income) , net
6,749
(39
)
6,481
(473
)
Total other expense, net
22,677
28,752
116,724
93,473
Loss before income tax
(46,175
)
(23,179
)
(55,142
)
(23,122
)
Income tax expense (benefit)
8,499
(4,979
)
22,161
4,521
Net loss
(54,674
)
(18,200
)
(77,303
)
(27,643
)
Net (loss) income attributable to noncontrolling interests
(21,953
)
505
(17,523
)
912
Net loss attributable to Legence
$
(32,721
)
$
(18,705
)
$
(59,780
)
$
(28,555
)
Period from
September 12,
2025 to
December 31,
2025
Net loss per Class A Common Stock—basic and diluted
$
(0.55
)
$
(0.57
)
Weighted-average Class A Common Stock outstanding—basic and diluted
59,561
59,381
11
Legence Corp.
Condensed Consolidated Balance Sheets
(In thousands) (Unaudited)
December 31,
2025
December 31,
2024
Assets
Current assets:
Cash and cash equivalents
230,166
81,167
Accounts receivable, net
584,060
448,610
Contract assets, net
259,941
188,132
Prepaid expenses and other current assets
36,179
38,506
Total current assets
1,110,346
756,415
Property and equipment, net
92,333
73,381
Operating lease
right-of-use assets (including $20,025 and $23,375 as of December 31, 2025 and 2024, respectively, from related parties)
117,139
90,922
Goodwill
764,336
781,194
Intangible assets, net
551,420
624,250
Other assets
43,822
26,338
Total assets
$
2,679,396
$
2,352,500
Liabilities and Equity
Current liabilities:
Accounts payable
246,161
126,502
Accrued compensation and benefits
68,064
54,601
Accrued and other current liabilities
16,475
28,490
Contract liabilities
339,462
164,130
Current portion of operating lease liabilities (including $3,920 and $3,654 as of
December 31, 2025 and 2024, respectively, from related parties)
21,300
14,402
Current portion of long-term debt
16,694
22,984
Total current liabilities
708,156
411,109
Long-term debt, net of current portion (including $84,735 and $211,039 as of December 31,
2025 and 2024, respectively, from related parties)
812,398
1,585,846
Operating lease liabilities, net of current portion (including $17,282 and $20,960 as of
December 31, 2025 and 2024, respectively, from related parties)
103,762
80,669
Tax receivable agreement liability—related party
207,448
—
Deferred tax liabilities, net
46,714
35,428
Other long-term liabilities
12,123
35,856
Total liabilities
1,890,601
2,148,908
Commitments and contingencies
Stockholders’ equity / Member’s equity
Member’s equity
—
443,738
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding as
of December 31, 2025
—
—
Class A common stock, $0.01 par value, 1,000,000,000 shares authorized, 63,856,975 shares
issued and outstanding as of December 31, 2025
638
—
Class B common stock, $0.01 par value, 200,000,000 shares authorized, 41,479,954 shares
issued and outstanding as of December 31, 2025
415
—
Additional paid-in capital
701,791
—
Accumulated deficit
(309,949
)
(250,169
)
Accumulated other comprehensive (loss) income
(698
)
9,111
Total Legence stockholders’ equity / Member’s equity
392,197
202,680
Noncontrolling interests
396,598
912
Total stockholders’ equity / Member’s equity
788,795
203,592
Total liabilities and stockholders’ equity / Member’s equity
$
2,679,396
$
2,352,500
12
Legence Corp.
Condensed Statements of Cash Flows
(In thousands) (Unaudited)
Year Ended December 31,
2025
2024
Cash flows from operating activities:
Net loss
$
(77,303
)
$
(27,643
)
Adjustments to reconcile net loss to cash provided by operating activities:
Amortization of intangible assets
82,342
80,967
Depreciation of property and equipment
31,946
29,882
Goodwill impairment
24,966
17,804
Long-lived asset impairment
2,415
—
Amortization of debt issuance costs and discounts
3,480
5,052
Loss on debt extinguishment
6,651
—
Stock-based compensation
67,550
5,411
Deferred taxes
15,287
(13,704
)
Tax receivable agreement liability remeasurement
2,914
—
Equity in earnings of joint venture
(1,443
)
(3,063
)
Return on investment in joint venture
1,700
1,000
Operating lease
right-of-use asset lease expense
18,279
13,091
Other
1,158
3,749
Changes in operating assets and liabilities:
Accounts receivable, net
(130,070
)
17,955
Contract assets
(71,185
)
(50,995
)
Prepaid expenses and other current assets
2,929
4,498
Accounts payable
117,910
10,699
Accrued compensation and benefits
12,298
(2,778
)
Accrued and other current liabilities
(13,967
)
(36,638
)
Contract liabilities
172,194
(14,507
)
Operating lease liabilities, current and long-term
(15,280
)
(10,603
)
Other long-term assets and liabilities
2,102
(909
)
Cash provided by operating activities
256,873
29,268
Cash flows from investing activities:
Purchases of property and equipment
(37,940
)
(19,008
)
Consideration paid for acquisitions, net of cash acquired
(16,497
)
(225,246
)
Proceeds from sale of property and equipment
390
269
Cash used in investing activities
(54,047
)
(243,985
)
Cash flows from financing activities:
Term loan borrowings (including $2,968 and $103,500 for the years ended December 31, 2025 and
2024, respectively, from related parties)
59,636
565,000
Term loan payments (including $74,797 in 2025 to related parties)
(852,214
)
(13,682
)
Notes payable payments
(7,878
)
(6,485
)
Finance lease payments
(3,843
)
(2,460
)
Cash distributions to Legence Parent
—
(301,614
)
Cash contributions from Legence Parent
—
400
Proceeds from IPO, net of underwriting discounts and commissions
780,243
—
Debt issuance costs
(1,626
)
(1,495
)
Payments for deferred offering costs
(28,145
)
(196
)
Payments of contingent consideration (including ($20,663) for the year ended December 31,
2024 from related parties)
—
(32,504
)
Cash (used in) provided by financing activities
(53,827
)
206,964
Increase (decrease) in cash and cash equivalents
148,999
(7,753
)
Cash and cash equivalents and restricted cash, beginning of period
81,167
88,920
Cash and cash equivalents, end of period
$
230,166
$
81,167
13
Non-GAAP Financial Measures
In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), our earnings
release contains non-GAAP financial measures as described below.
Our
non-GAAP financial measures may not be comparable to similarly titled measures used by other companies, have limitations as analytical tools and should not be considered in isolation, or substitutes for
analysis of our operating results as reported under GAAP. Additionally, we do not consider our non-GAAP financial measures superior to, or a substitute for, the equivalent measures calculated and presented in
accordance with GAAP.
In addition, this press release includes certain projections of the non-GAAP financial
measure Adjusted EBITDA. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being
ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated
comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.
Adjusted EBITDA
Adjusted EBITDA is a financial measure
not presented in accordance with GAAP but is intended to provide useful and supplemental information to investors and analysts as they evaluate our performance. EBITDA is defined as earnings before interest and other financing expenses, taxes,
depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted to exclude, or otherwise reflect, interest expense, interest income, income tax expense, depreciation and amortization, credit agreement amendment fees, goodwill
impairment, long-lived asset impairment, net (gain) loss on sale and disposition of property and equipment, loss on debt extinguishment, acquisition and integration costs, system deployment costs, strategic initiative costs, indemnification asset
adjustments, Tax Receivable Agreement liability remeasurements and stock-based compensation expense. Adjusted EBITDA should not be considered an alternative to net loss that is derived in accordance with GAAP. Management believes that the exclusion
of the above-described items from net loss in the presentation of the non-GAAP measure identified above enables us and our investors to more effectively evaluate our operations period over period and to
identify operating trends that might not be apparent due to, among other reasons, the variable nature of these items, both in value and frequency, period over period. In addition, management believes this measure may be useful for investors in
comparing our operating results with those of other companies.
14
The following table provides a reconciliation of our net loss, the most directly comparable financial
measure presented in accordance with GAAP, to Adjusted EBITDA for the periods presented herein (in thousands):
Three Months Ended
December 31,
Year Ended December 31,
2025
2024
2025
2024
Net loss
$
(54,674
)
$
(18,200
)
$
(77,303
)
$
(27,643
)
Interest expense
13,550
26,217
101,778
91,609
Interest income
(1,900
)
(1,108
)
(4,488
)
(5,464
)
Income tax expense
8,499
(4,979
)
22,161
4,521
Depreciation and amortization
28,677
29,862
114,288
110,849
Credit agreement amendment fees(1)
3,312
3,682
6,302
7,801
Goodwill impairment(2)
24,966
17,804
24,966
17,804
Long-lived asset impairment(3)
2,415
—
2,415
—
Net (gain) loss on sale and disposition of property and equipment
(127
)
29
(326
)
(270
)
Loss on debt extinguishment
966
—
6,651
—
Acquisition and integration costs(4)
5,501
2,112
8,436
9,181
System deployment costs(5)
—
1,139
2,140
5,048
Strategic initiative costs(6)
2,964
3,545
17,092
10,778
Indemnification asset adjustments(7)
3,796
—
3,796
—
Tax Receivable Agreement liability
remeasurements(8)
2,914
—
2,914
—
Stock-based compensation expense
46,122
(3,315
)
68,003
5,411
Adjusted EBITDA
$
86,981
$
56,788
$
298,825
$
229,625
Net loss margin
(7.4
)%
(3.3
)%
(3.0
)%
(1.3
)%
Adjusted EBITDA margin
11.8
%
10.4
%
11.7
%
10.9
%
(1)
Represents costs incurred in connection with our debt refinancings in each of the periods presented.
(2)
Refer to “Note 5—Goodwill and Intangible Assets” in the Notes to Consolidated Financial
Statements to be included in the Annual Report for details on the nature of the impairment.
(3)
Refer to “Note 2—Summary of Significant Accounting Policies, Long-Lived Assets Impairment” in
the Notes to Consolidated Financial Statements to be included in the Annual Report for details on the nature of the impairment.
(4)
For the years ended December 31, 2025 and 2024, the figures include $5.7 million and
$5.6 million, respectively, of acquisition costs recorded in Acquisition-related costs, and $2.7 million and $3.6 million, respectively, of acquisition integration costs recorded in Selling, general and administrative on the
Consolidated Statements of Operations.
(5)
Represents consulting and initial upfront costs associated with implementing and optimizing certain enterprise
resource planning systems, including IFS, Onestream and Ceridian Dayforce.
(6)
Represents (i) consulting costs associated with rebranding efforts in connection with our name change to
Legence that we do not expect to recur in the future, (ii) upfront consulting and out-of-pocket costs related to developing and launching the cross-selling
framework amongst our brands, many of which were more recently acquired and integrated into the Legence brand, (iii) consulting and legal fees associated with education and marketing efforts for our clients with respect to utilizing certain
government incentive programs, (iv) consulting, legal, accounting, and other expenses in connection with non-recurring extraordinary company transactions, including fees related to our IPO that did not
meet the requirements to be deferred issuance costs, and (v) consulting, legal, accounting, and other expenses in connection with a secondary offering conducted on behalf of our selling shareholders.
(7)
Represents adjustments to an indemnification asset related to unrecognized tax benefits acquired in a prior
acquisition recorded in Other expense (income), net on the Consolidated Statements of Operations and is fully offset as an income tax benefit netted in Income tax expense on the Consolidated Statements of Operations.
(8)
Tax Receivable Agreement liability remeasurements are recorded in Other expense (income), net on the
Consolidated Statements of Operations.
15
Adjusted Gross Profit and Adjusted Gross Margin
Adjusted Gross Profit is a financial measure not presented in accordance with GAAP but is intended to provide useful and supplemental information to investors
and analysts as they evaluate our performance. Gross profit is defined as revenue less cost of revenue services. Adjusted Gross Profit is defined as gross profit adjusted to exclude stock-based compensation expense related to legacy profit interest
units, where the payment of this expense is borne by entities outside of Legence Corp. Adjusted Gross Profit should not be considered an alternative to gross profit that is derived in accordance with GAAP. Adjusted Gross Margin is defined as
Adjusted Gross Profit divided by revenue. Management believes that the exclusion of the above-described items from gross profit in the presentation of the non-GAAP measure identified above enables us and our
investors to supplement the evaluation of our operations period over period and to identify operating trends that might not otherwise be apparent due to, among other reasons, the variable nature of these items, both in value and frequency, period
over period. In addition, management believes this measure may be useful for investors in comparing our operating results with those of other companies.
The following table provides a reconciliation of our gross profit, the most directly comparable financial measure presented in accordance with GAAP, to
Adjusted Gross Profit for the periods presented herein (in thousands) and our Adjusted Gross Margin for the same periods:
Three Months Ended
December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024
Gross Profit
Engineering & Consulting Segment
$
47,779
$
51,518
$
238,869
$
205,085
Installation & Maintenance Segment
99,709
61,423
297,056
225,682
Consolidated
$
147,488
$
112,941
$
535,925
$
430,767
Non-GAAP Adjustment:
Stock-based compensation expense (benefit) from legacy profit interest units(1)
Engineering & Consulting Segment
$
5,626
$
(333
)
$
8,413
$
837
Installation & Maintenance Segment
3,446
(293
)
5,327
479
Consolidated
$
9,072
$
(626
)
$
13,740
$
1,316
Non-GAAP Adjusted Gross Profit:
Engineering & Consulting Segment
$
53,405
$
51,185
$
247,282
$
205,922
Installation & Maintenance Segment
103,155
61,130
302,383
226,161
Consolidated
$
156,560
$
112,315
$
549,665
$
432,083
Non-GAAP Adjusted Gross Margin:
Engineering & Consulting Segment
30.9
%
32.6
%
34.0
%
34.2
%
Installation & Maintenance Segment
18.3
%
15.6
%
16.6
%
15.1
%
Consolidated
21.2
%
20.5
%
21.6
%
20.6
%
(1)
Represents the portion of stock-based compensation expense related to legacy profit interest units paid for by
entities outside of Legence Corp. and recorded in cost of revenue in the Consolidated Condensed Statement of Operations. Figures exclude the portion of stock-based compensation expense related to restricted stock units and other equity awards issued
by Legence Corp.
16
Net Leverage
Net leverage is defined as net debt divided by Adjusted EBITDA. The Company believes this non-GAAP measure is useful to
investors as it provides alternative information that management believes to be useful in assessing our ability to meet our payment obligations in addition to considering the absolute amount of our debt. Net debt is a financial measure not presented
in accordance with GAAP but is intended to provide useful and supplemental information to investors and analysts as they evaluate our performance. Net debt includes total balance sheet debt, excluding finance lease liabilities, less cash and cash
equivalents.
Backlog and Awarded Contracts and
Book-to-Bill Ratio
We believe that backlog and awarded contracts and book-to-bill ratio enable us to more effectively forecast our future results and working capital needs, as well as better identify future operating trends that may not
otherwise be apparent. Backlog represents, as of any date of determination, the expected revenue values of the remaining performance obligations under our contracted fixed-price projects. Awarded contracts represents, as of any date of
determination, the expected revenue values of projects awarded to us following a request for proposals but for which a formal contract has not yet been signed. We calculate our
book-to-bill ratio by taking our additions to backlog and awarded contracts, excluding additions that were attained through acquisition, for the period, and dividing it
by revenue from fixed-price contracts for the same period. Given that backlog and awarded contracts and book-to-bill ratio are operational measures and that our
methodology for calculating each such measure does not meet the definition of a non-GAAP financial measure, as that term is defined by the SEC, a quantitative reconciliation for each is not required nor
provided.
17
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 7
v3.26.1
Document and Entity Information
Mar. 27, 2026
Cover [Abstract]
Amendment Flag
false
Entity Central Index Key
0002052568
Document Type
8-K
Document Period End Date
Mar. 27, 2026
Entity Registrant Name
Legence Corp.
Entity Incorporation State Country Code
DE
Entity File Number
001-42838
Entity Tax Identification Number
33-2905250
Entity Address, Address Line One
1601 Las Plumas Avenue
Entity Address, City or Town
San Jose
Entity Address, State or Province
CA
Entity Address, Postal Zip Code
95133
City Area Code
(833)
Local Phone Number
534-3623
Written Communications
false
Soliciting Material
false
Pre Commencement Tender Offer
false
Pre Commencement Issuer Tender Offer
false
Security 12b Title
Class A common stock, par value $0.01 per share
Trading Symbol
LGN
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration