Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 347

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 347
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 rate of 21%, primarily due to the loss before income tax from pass-through business not subject to income taxes at the Company level. For the six months ended June 30, 2025 and 2024, the effective tax rate was lower than the U.S. federal statutory rate of 21%, primarily due to the loss before income tax from pass-through business not subject to income taxes at the Company level. Note 12—Segment Information Legence reports its results under two reportable segments: 1) Engineering & Consulting, and 2) Installation & Maintenance. Segments are presented according to the nature of the business activities, and reflect the Company’s consideration of financial information provided to the chief executive officer, who is the chief operating decision maker (“CODM”). The CODM primarily uses gross profit to assess performance and allocate resources, including decisions such as the annual budget review and approval, allocation of resources to hire additional key personnel, entering new markets and development of new technologies, evaluating executive performance, and determining performance-related bonus plans in each segment. Engineering & Consulting:The Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to reduce energy usage and make buildings more sustainable and provides program and project management services for customers’ installation and retrofit projects. Within this segment, there are two primary service offerings – Engineering & Design and Program & Project Management. Installation & Maintenance: The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services for those systems. Within this segment, there are two primary service offerings – Installation & Fabrication and Maintenance & Service. All intercompany transactions are eliminated on the Company’s Condensed Consolidated Statements of Operations. F-84

Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited) The following table presents relevant segment information (in thousands):

| Revenue:                   |     | Three Months Ended 
 June 30,           
 2025               |         |     | 2024 |         |     | Six Months Ended 
 June 30,         
 2025             |           |     | 2024 |         |
|:---------------------------|:----|:-------------------|--------:|:----|:-----|--------:|:----|:-----------------|----------:|:----|:-----|--------:|
| Engineering & Consulting   |     | $                  |