Legence Corp (NASDAQ:LGN) posted mixed third-quarter results on Friday.

The company posted revenue of $708.01 million, up 26.2% year-over-year and ahead of analyst expectations of $639.78 million. Gross margin eased to 20.9% from 21.1% a year earlier, while earnings missed forecasts, with an EPS loss of 2 cents compared with consensus estimates calling for a profit of 6 cents.

Legence also announced an agreement to acquire The Bowers Group for about $475 million, comprising $325 million in cash, $100 million in stock, and $50 million in deferred consideration payable ...