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

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 10
---
 inflationary pressures, we may not be able to offset such higher costs through price increases, which could adversely affect our business, results of operations or financial condition. 

45

Results of Operations

For the Three Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024

A summary of our consolidated results of operations, selected data as a percentage of revenues for the periods indicated, as well as the dollar and percentage change from the prior year period is presented as follows (dollars in thousands): 

Three Months Ended September 30,Year over YearChange20252024$$$%Revenue$708,006 $560,804 $147,202 26.2 %Cost of revenue559,947 442,258 117,689 26.6 %Gross profit148,059 118,546 29,513 24.9 %Selling, general and administrative85,887 67,199 18,688 27.8 %Depreciation and amortization24,183 25,475 (1,292)(5.1)%Acquisition-related costs795 154 641 416.2 %Loss on sale of property and equipment21 — 21 *Equity in earnings of joint venture(24)(1,233)1,209 (98.1)%Income from operations37,197 26,951 10,246 38.0 %Interest expense28,183 23,707 4,476 18.9 %Interest income(1,069)(523)(546)104.4 %Loss on debt extinguishment5,685 — 5,685 *Credit agreement amendment fees64 — 64 *Other income, net(123)(121)(2)1.7 %Total other expense, net32,740 23,063 9,677 42.0 %Income before income tax4,457 3,888 569 14.6 %Income tax expense4,078 4,564 (486)(10.6)%Net income (loss)379 (676)1,055 *Net income attributable to noncontrolling interests955 407 548 134.6 %Net loss attributable to Legence$(576)$(1,083)$507 (46.8)%

*Not meaningful. 

46

Revenue 

Revenue increased $147.2 million