Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 83

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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: 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 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)Interest expense28,183 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)Income (loss) before income tax$4,457 $3,888 $(8,967)$57 

Separate measures of Legence's assets, including capital expenditures, are not produced or utilized by management to evaluate segment performance. 

Note 17 - Related Party Transactions

The Company's related party transactions include transactions with related parties and certain entities associated with the Company and