Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 297

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 297
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 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.

F-40

Legence Corp. Notes to Condensed Consolidated Financial Statements - (Continued) (Unaudited) 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. The following table presents relevant segment information (in thousands):

| Revenue:                   |     | Three Months Ended 
 September 30,      
 2025               |         |     | 2024 |         |     | Nine Months Ended 
 September 30,     
 2025              |           |     | 2024 |           |
|:---------------------------|:----|:-------------------|--------:|:----|:-----|--------:|:----|:------------------|----------:|:----|:-----|----------:|
| Engineering & Consulting   |     | $                  | 212,172 |     | $    | 193,797 |     | $                 |   553,713 |     | $    |   444,730 |
| Installation & Maintenance |     |                    | 495,834 |     |      | 367,007 |     |                   | 1,259,136 |     |      | 1,105,657 |
| Revenue                    |     | $                  | 708,006 |     | $    | 560,804 |     | $                 | 1,812,849 |     | $    | 1,550,387 |
| Cost of revenue:           |     |                    |         |     |      |         |     |                   |