What move does the options market price into Legence's report?

Implied ±16.1%, either direction.

LGNNasdaqConstruction - Special Trade Contractors

Legence Corp. (LGN) earnings date, market-implied expected move, and options open interest by expiry

27.95

+2.54 · +9.99%

post 28.15 +0.72%

After hours16:00 ETdelayed

Open26.18Volume4.9MMkt cap$1.9BEPS-0.13

Day26.18 – 28.4188%52-wk23.90 – 107.245%

LGN

Legence Corp.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±16.1%implied · report alone

8Q avg ±10.8%·×1.49·rich

21.3229.50

straddle ±18.9%

spot 25.41exp Nov 20ATM strike 25ATM straddle 5.65IV 139%

Nov 5 closereport share · term structure

Expected move

Inputs

Next report

Nov 13

before open · in 7 days

est.Q3 FY26

Calendar

Next report

Last report

−7.92%

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+10.34%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

267 managers

Top fund weight

0.15%

LGN weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Legence (LGN) is expected to report on Nov 13 before open (estimated date).

Implied vs realized

4 reports

—≥ implied

Q3 FY25Nov 14 '25confirmed—▲+20.86%—

Q1 FY26Mar 27 '26confirmed±14.9%▲+3.34%×0.22

May 14 '26May 14 '26confirmed±10.9%▼−11.00%×1.01

Q2 FY26Aug 13 '26confirmed—▼−7.92%—

quarterimplied−25%0+25%realized×

Q2 FY26—▼−7.92%—

May '26±10.9%−11.00%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 2 expiries · Nov 4 close

0.37OI · 2 expiries · Nov 4 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6110%Nov 2014d1,6630%

1040%Feb 19105d0.53195+2%0.53

ExpiryPutsCallsP/C

Nov 2014d6110%1,6630%0.37

Feb 19105d1040%195+2%0.53

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±18.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

−2.74%as filednet margin · revenue +21.60% QoQ · +110.74% YoY

Revenue$1.3B+21.60%

Gross profit$220M17.45%+18.31%

Operating income−$7M−0.53%−129.98%

Pre-tax income−$23M−684.92%

Net income−$35M−2.74%−298.71%

Cost of revenue$1.0B+22.33%

Operating expenses$227M+38.13%

Tax$11M+182.89%

Other expense−$17M+6.07%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.38· ±4.7% vs ±3.4% · 12 releases

eventrelease day|move|up · n×base

GDPgross domestic product±4.7%9 of 12×1.38

PCEpersonal income & outlays±4.5%8 of 12×1.32

FOMCrate decision±3.8%5 of 10×1.10

CPIconsumer prices±3.6%7 of 11×1.04

PPIproducer prices±3.3%6 of 11×0.97

NFPjobs report±3.1%7 of 10×0.90

CPROFcorporate profits±2.5%5 of 8×0.72

Bar = avg |move| to ±5% · tick = ±3.4% avg day · ×base = |move| ÷ ±3.4% · min 6 releases

Earnings history

EPS -0.37 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 13 '26 · confirmed	-0.37	—
Q1 FY26	Mar 27 '26 · confirmed	0.13	—
Q3 FY25	Nov 14 '25 · confirmed	0.00	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod