Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 178

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 178
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 *Credit agreement amendment fees2,990 4,119 (1,129)(27.4)%Other income, net(268)(434)166 (38.2)%Total other expense, net94,047 64,721 29,326 45.3 %(Loss) income before income tax(8,967)57 (9,024)*Income tax expense13,662 9,500 4,162 43.8 %Net loss(22,629)(9,443)(13,186)139.6 %Net income attributable to noncontrolling interests4,430 407 4,023 988.5 %Net loss attributable to Legence$(27,059)$(9,850)$(17,209)174.7 %

*Not meaningful. 

Revenue

Revenue increased $262.5 million, or 16.9%, during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase is attributable to the results of our operating segments, which are discussed below. 

49

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): 

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