Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 130

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 130
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 Engineering & Design service line revenue resulted from the full year impact of acquisitions completed in 2023 and the contribution from companies acquired in 2024. The Program & Project Management service line accounted for $51.6 million, or 29%, of the increase in Engineering & Consulting segment revenue. Higher job volumes, primarily from education clients, drove the increase in Program & Project Management service line revenue. Approximately 30% of the increase in Program & Project Management service line revenue was the result of an acquisition completed in 2024. Installation & Maintenance: Installation & Maintenance segment revenue increased $308.2 million for the year ended December 31, 2024 compared to the year ended December 31, 2023. The Installation & Fabrication service line accounted for $240.9 million, or 78%, of the increase in Installation & Maintenance segment revenue. Higher job volumes and average job value sizes from data centers & technology clients accounted for approximately 40% of the increase in Installation & Fabrication service line revenue. Approximately 60% of the increase in the Installation & Fabrication service line revenue resulted from the full year impact of acquisitions completed in 2023. The Maintenance & Service service line accounted for $67.3 million, or 22%, of the increase in the Installation & Maintenance segment revenue. Approximately 80% of the increase in Maintenance & Service service line revenue resulted from the full year impact of acquisitions completed in 2023. Gross Profit Consolidated gross profit increased $115.6 million, or 36.7%, during the year ended December 31, 2024 compared to the year ended December 31, 2023. The increase is attributable to the results of our operating segments, which are discussed below. The following table presents our consolidated gross profit by reportable segment (dollars in thousands):

|                                    |     | Year Ended December 31, |    2023 |     |          |       |     |   |    2024 |     |          |       |     | Year over Year 
 Change         |         |     |   |       |     |          |        |
|:-----------------------------------|:----|:------------------------|--------:|:----|:---------|:------|:----|:--|--------:|:----|:---------|:------|:----|:---------------|--------:|:----|:--|:------|:----|:---------|:-------|
|                                    |     | $                       |         |