Legence (LGN) Doubled Revenue While Margins And Losses Widened
Legence Corp. (NASDAQ:LGN) reported staggering second-quarter results on August 13, with revenue more than doubling from the previous year, while profitability per dollar of revenue shrank and net loss widened. Adjusted EBITDA and backlog both increased significantly, but the company's gross margins fell, and net loss attributable to the company widened.
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