Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 117

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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2024Revenue$708,006 $560,804 $1,812,849 $1,550,387 Cost of revenue559,947 442,258 1,424,412 1,232,561 Gross profit148,059 118,546 388,437 317,826 Selling, general and administrative85,887 67,199 227,814 179,848 Depreciation and amortization24,183 25,475 75,619 70,738 Acquisition-related costs795 154 971 5,593 Loss (gain) on sale of property and equipment21 — (199)— Equity in earnings of joint venture(24)(1,233)(848)(3,131)Income from operations37,197 26,951 85,080 64,778 Other expense (income):Interest expense (including $3,312 and $3,368 for the three months in 2025 and 2024, respectively, and $11,776 and $9,963 for the nine months in 2025 and 2024, respectively, from related parties)28,183 23,707 88,228 65,392 Interest income(1,069)(523)(2,588)(4,356)Loss on debt extinguishment5,685 — 5,685 — Credit agreement amendment fees64 — 2,990 4,119 Other income, net(123)(121)(268)(434)Total other expense, net32,740 23,063 94,047 64,721 Income (loss) before income tax4,457 3,888 (8,967)57 Income tax expense4,078 4,564 13,662 9,500 Net income (loss)379 (676)(22,629)(9,443)Net income attributable to noncontrolling interests955 407 4,430 407 Net loss attributable to Legence$(576)$(1,083)$(27,059)$(9,850)Period from September 12, 2025 to September 30, 2025Period from September 12, 2025 to September 30, 2025Net loss per Class A Common Stock—basic and diluted$(0.02)$(0.02)Weighted-average Class A Common Stock outstanding—basic