Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 134

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 134
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|:----|:---------|-----:|:---|
|                                    |     | $                       |         |     | % Margin |      |   |     | $ |         |     | % Margin |      |   |     | $                     |        |     | % |      |   |     | % Margin |      |    |
| Gross profit:                      |     |                         |         |     |          |      |   |     |   |         |     |          |      |   |     |                       |        |     |   |      |   |     |          |      |    |
| Engineering & Consulting segment   |     | $                       | 102,168 |     |          | 31.1 | % |     | $ | 147,892 |     |          | 34.7 | % |     | $                     | 45,724 |     |   | 44.8 | % |     |          |  3.6 | %  |
| Installation & Maintenance segment |     |                         | 131,538 |     |          | 14.3 | % |     |   | 167,254 |     |          | 14.1 | % |     |                       | 35,716 |     |   | 27.2 | % |     |          | (0.2 | )% |
| Consolidated gross profit          |     | $                       | 233,706 |     |          | 18.7 | % |     | $ | 315,146 |     |          | 19.5 | % |     | $                     | 81,440 |     |   | 34.8 | % |     |          |  0.8 | %  |

Engineering & Consulting: The increase in gross profit was primarily attributable to higher revenue as well as the full year impact of acquisitions completed in late 2022, which contributed approximately $28.4 million to our Engineering & Consulting segment gross profit in 2023. The increase in gross profit margin was primarily attributable to a higher mix of Engineering & Design revenue, which earns a higher margin than our Program & Project Management service line. 96

Installation& Maintenance: The increase in gross profit was
primarily attributable to higher revenue. Gross profit margin was relatively flat year over year.

Selling, General & Administrative

The increase in selling, general and administrative is primarily attributable to a $21.4 million increase in