Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 99

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 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 32.6 %Program & Project Management229,547 12.6 %200,336 12.9 %29,211 14.6 %Total Engineering & Consulting segment553,713 30.5 %444,730 28.7 %108,983 24.5 %Installation & MaintenanceInstallation & Fabrication1,018,424 56.2 %873,481 56.3 %144,943 16.6 %Maintenance & Service240,712 13.3 %232,176 15.0 %8,536 3.7 %Total Installation & Maintenance segment1,259,136 69.5 %1,105,657 71.3 %153,479 13.9 %Revenue$1,812,849 100.0 %$1,550,387 100.0 %$262,462 16.9 %

Engineering & Consulting: Engineering & Consulting segment revenue increased by $109.0 million, or 24.5%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. Approximately 75% of the revenue increase in the Engineering & Consulting segment resulted from the impact of acquisitions completed in 2024. The remaining increase was driven by higher demand in the Engineering & Design service line, primarily from life sciences & healthcare and education clients. 

Installation & Maintenance: Installation & Maintenance segment revenue increased by $153.5 million, or 13.9%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, driven by $144.9 million of incremental revenue from the Installation & Fabrication service line. The revenue increase in the Installation & Fabrication service line is primarily due to greater demand from data center & technology as well as life sciences & healthcare clients, partially offset by lower demand from mixed-use clients and hospitality & entertainment clients within Other. 

Gross Profit 

Gross profit increased by $70.6 million, or 22.2%,