Legence - CL | 10-Q: FY2025 Q3 Revenue: USD 708.01 M

Revenue: As of FY2025 Q3, the actual value is USD 708.01 M.

EBIT: As of FY2025 Q3, the actual value is USD 64.31 M.

Engineering & Consulting Segment

• Revenue: $212.2 million for the three months ended September 30, 2025, an increase of 9.5% from $193.8 million in the same period in 2024.
• Gross Profit: $67.3 million for the three months ended September 30, 2025, an increase of 5.3% from $63.9 million in the same period in 2024. The gross margin decreased slightly from 33.0% to 31.7%.

Installation & Maintenance Segment

• Revenue: $495.8 million for the three months ended September 30, 2025, an increase of 35.1% from $367.0 million in the same period in 2024.
• Gross Profit: $80.7 million for the three months ended September 30, 2025, an increase of 47.9% from $54.6 million in the same period in 2024. The gross margin increased from 14.9% to 16.3%.

Cash Flow

• Operating Cash Flow: $162.1 million for the nine months ended September 30, 2025, compared to $23.2 million in the same period in 2024.
• Free Cash Flow: Not explicitly stated, but significant increase in operating cash flow suggests improved free cash flow.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue pursuing acquisitions to increase scale, expand capabilities, access new clients, and broaden geographic reach. The focus is on sectors with strong secular growth, such as technology, life sciences, and education, and on services that help clients reduce energy costs.
• Non-Core Business: No specific non-core business strategies were mentioned.

Unique Metrics

• Book-to-Bill Ratio: 1.5x for the three months ended September 30, 2025, indicating a strong pipeline of future work.