Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 14

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 profit388,437 317,826 70,611 22.2 %Selling, general and administrative227,814 179,848 47,966 26.7 %Depreciation and amortization75,619 70,738 4,881 6.9 %Acquisition-related costs971 5,593 (4,622)(82.6)%Gain on sale of property and equipment(199)— (199)*Equity in earnings of joint venture(848)(3,131)2,283 (72.9)%Income from operations85,080 64,778 20,302 31.3 %Interest expense88,228 65,392 22,836 34.9 %Interest income(2,588)(4,356)1,768 (40.6)%Loss on debt extinguishment5,685 — 5,685 *Credit agreement amendment fees2,990 4,119 (1,129)(27.4)%Other income, net(268)(434)166 (38.2)%Total other expense, net94,047 64,721 29,326 45.3 %(Loss) income before income tax(8,967)57 (9,024)*Income tax expense13,662 9,500 4,162 43.8 %Net loss(22,629)(9,443)(13,186)139.6 %Net income attributable to noncontrolling interests4,430 407 4,023 988.5 %Net loss attributable to Legence$(27,059)$(9,850)$(17,209)174.7 %

*Not meaningful. 

Revenue

Revenue increased $262.5 million, or 16.9%, during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase is attributable to the results of our operating segments, which are discussed below. 

49

The following table presents our revenue by reportable segment and primary service line as well as the dollar and percentage change from the prior year (dollars in thousands): 

Nine Months Ended September 30,Year over YearChange20252024$%$%$%Revenue:Engineering & ConsultingEngineering & Design$324,166 17.9 %$244,394 15.8 %$79,772