Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 174

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 174
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,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, or 26.2%, during the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase is attributable to the results of our operating segments, which are discussed below. 

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): 

Three Months Ended September 30,Year over YearChange20252024$%$%$%Revenue:Engineering & ConsultingEngineering & Design$110,939 15.7 %$99,712 17.8 %$11,227 11.3 %Program & Project Management101,233 14.3 %94,085 16.8 %7,148 7.6 %Total Engineering & Consulting segment212,172 30.0 %193,797 34