Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 15

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 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%, 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. 

The following table presents our gross profit by reportable segment (dollars in thousands): 

Nine Months Ended September