Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 25

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 25
---
260,445 |    |     | $    |   325,938 |    |     | $                      |  199,876 |    |     | $    |   234,837 |    |     | $    |   350,719 |    |
| Equipment Expense                               |     | $                 |  334,115 |    |     | $    |   407,045 |    |     | $                      |  295,220 |    |     | $    |   385,770 |    |     | $    |   457,293 |    |
| Adjusted EBITDA(4)                              |     | $                 |  172,837 |    |     | $    |   211,844 |    |     | $                      |  119,835 |    |     | $    |   166,410 |    |     | $    |   229,625 |    |
| Adjusted EBITDA Margin(5)                       |     |                   |     11.1 | %  |     |      |      11.7 | %  |     |                        |      9.6 | %  |     |      |      10.3 | %  |     |      |      10.9 | %  |

| (1) | Cash flows used in investing activities primarily consist of capital expenditures, such as the purchase of 
 property or equipment, and payments for the acquisition of businesses.                                     |

| (2) | Net loss divided by revenue. |

| (3) | Subcontractor Expense represents the cost of third-party contractors that we use and is included in Cost of                                                                                                                                              
 Revenue. We typically incur Subcontractor Expense in connection with the provision of construction management services. On jobs where we use subcontractors, we may pass those costs on directly to our customers as a specific line item or incorporate 
 them into our overall contract price for the job.                                                                                                                                                                                                        |

| (4) | Adjusted EBITDA is not calculated in accordance with GAAP. See                                                                         
 “—Non-GAAP Financial Measures” for a description of Adjusted EBITDA and a reconciliation to the most directly comparable GAAP measure. |

| (5) | Adjusted EBITDA Margin is not calculated in accordance with GAAP. See                                                                         
 “—Non-GAAP Financial Measures” for a description of Adjusted EBITDA Margin and a reconciliation to