Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 122

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 122
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 Expenses

Following the closing of this offering, we anticipate incurring incremental general and administrative expenses as a result of operating as a
publicly traded company, such as expenses associated with SEC reporting requirements, including annual and quarterly reports, SOX compliance expenses, expenses associated with listing our Class A Common Stock on the Nasdaq, independent auditor
fees, legal fees, investor relations expenses, registrar and transfer agent fees, director and officer insurance expenses and director and officer compensation expenses. These incremental general and administrative expenses are not reflected in the
historical financial statements of our predecessor. Additionally, in anticipation of this offering, we have hired additional employees and consultants, including accounting, finance, tax, human resources and legal personnel, in order to prepare for
the requirements of being a publicly traded company.

Income Taxes

Legence is subject to U.S. federal and state income taxes as a corporation. Our predecessor was treated as a pass-through entity for U.S.
federal income tax purposes, and as such, was generally not subject to federal income tax at the entity level. However, several of the predecessor’s subsidiaries are corporations for tax reporting purposes and therefore require a U.S. federal
and state income tax provision for that portion of such entities’ results.

82

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Results of Operations For the Year Ended December 31, 2024 Compared to Year Ended December 31, 2023 A summary of our consolidated results of operations, selected data as a percentage of revenues for the years indicated, as well as the dollar and percentage change from the prior year is presented as follows (dollars in thousands):

|                                                                   |     | Year Ended December 31, |      2023 |   |     |   |      2024 |   |     | Year over Year 
 Change         |         |   |     |   |       |    |
|:------------------------------------------------------------------|:----|:------------------------|----------:|:--|:----|:--|----------:|:--|:----|:---------------|--------:|:--|:----|:--|------:|:---|
|                                                                   |     | $                       |           |   |     | $ |           |   |     | $              |         |   |     | % |       |    |
| Revenue                                                           |     | $                       | 1,615,062 |   |     | $ |