Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 162

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 162
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 gross profit to assess performance and allocate resources, including decisions such as the annual budget review and approval, allocation of resources to hire additional key personnel, entering new markets and development of new technologies, evaluating executive performance, and determining performance-related bonus plans in each segment. Engineering & Consulting: The Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to reduce energy usage and make buildings more sustainable and provides program and project management services for customers’ installation and retrofit projects. Within this segment, there are two primary service offerings – Engineering & Design and Program & Project Management.Installation & Maintenance: The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services for those systems. Within this segment, there are two primary service offerings – Installation & Fabrication and Maintenance & Service.All intercompany transactions are eliminated on the Company's Condensed Consolidated Statements of Operations. 

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Legence Corp.Notes to Condensed Consolidated Financial Statements - (Continued)(Unaudited)

The following table presents relevant segment information (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue: Engineering & Consulting$212,172 $193,797 $553,713 $444,730 Installation & Maintenance495,834 367,007 1,259,136 1,105,657 Revenue$708,006 $560,804 $1,812,849 $1,550,387 Cost of revenue:Engineering & Consulting$144,846 $129,852 $362,623 $291,163 Installation & Maintenance$415,101 $312,406 $1,061,789 $941,398 Gross profit:Engineering & Consulting$67,326 $63,945 $191,090 $153,567 Installation & Maintenance80,733 54,601 197,347 164,259 Gross profit$148,059 $118,546 $388,437 $317,826 The following table presents the reconciliation from Gross profit to Income (loss) before income tax (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Gross profit$148,059 $118,546 $388,437 $317,826 S