Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 125

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 125
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 | Year over Year 
 Change         |         |     |          |      |   |
|:-----------------------------------|:----|:------------------------|--------:|:----|:---------|-----:|:--|:----|:--|--------:|:----|:---------|-----:|:--|:----|:---------------|--------:|:----|:---------|-----:|:--|
|                                    |     | $                       |         |     | % Margin |      |   |     | $ |         |     | % Margin |      |   |     | $              |         |     | % Margin |      |   |
| Gross profit:                      |     |                         |         |     |          |      |   |     |   |         |     |          |      |   |     |                |         |     |          |      |   |
| Engineering & Consulting segment   |     | $                       | 147,892 |     |          | 34.7 | % |     | $ | 205,085 |     |          | 34.1 | % |     | $              |  57,193 |     |          | 38.7 | % |
| Installation & Maintenance segment |     |                         | 167,254 |     |          | 14.1 | % |     |   | 225,682 |     |          | 15.1 | % |     |                |  58,428 |     |          | 34.9 | % |
| Consolidated gross profit          |     | $                       | 315,146 |     |          | 19.5 | % |     | $ | 430,767 |     |          | 20.5 | % |     | $              | 115,621 |     |          | 36.7 | % |

Engineering & Consulting: The increase in gross profit was attributable to higher revenue partially offset by modestly lower gross margin resulting from lower sustainability consulting revenue, which typically generates higher margins. Additionally, 2023 gross profit benefited from $7.4 million in revenue related to one-time amendments to several contracts with a developer in exchange for discounted fees. Installation & Maintenance: The increase in gross profit was primarily attributable to higher revenue. The increase in gross profit margin was driven by several larger projects with higher margins. Selling, General & Administrative The increase in selling, general and administrative expenses is primarily attributable to a $29