Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 144

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 144
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| Backlog                       |     | $ | 1,373,716 |     | $ | 1,308,373 |     | $ |     1,574,902 |     | $ |    1,729,800 |     | $ | 1,853,756 |     | $ | 2,006,491 |
| Awarded contracts             |     |   |   531,733 |     |   |   849,251 |     |   |       794,669 |     |   |      742,294 |     |   |   783,119 |     |   |   766,183 |
| Backlog and awarded contracts |     | $ | 1,905,449 |     | $ | 2,157,624 |     | $ |     2,369,571 |     | $ |    2,472,094 |     | $ | 2,636,875 |     | $ | 2,772,674 |

Liquidity and Capital Resources Overview As of June 30, 2025 and December 31, 2024, our primary sources of liquidity included cash and cash equivalents of $97.9 million and $81.2 million, respectively, and $84.8 million available to be borrowed under the Revolving Credit Facility and cash flows from operations as of June 30, 2025 and December 31, 2024. Following the completion of this offering, we expect our primary sources of liquidity to be cash flows from operations, borrowings incurred under our Revolving Credit Facility or proceeds from offerings of debt or equity securities. Access to additional liquidity, such as an increase in the capacity under our existing Revolving Credit Facility or a new financing arrangement, will be subject to our credit ratings and future financial position. To date, our primary uses of capital have included funding working capital, capital expenditures for equipment used in our business, acquisitions and refinancing or repayment of debt and associated interest. Although our capital expenditures have historically been low relative to our revenues, we expect an increase in future periods due to our investment in fabrication capacity expansion within our Installation & Maintenance segment. Although we cannot provide any assurance that our cash flows from operations will be sufficient to fund our operations or that additional capital will be available to us on acceptable terms, or at all, we believe our primary sources of liquidity are sufficient to fund our ongoing working capital, investing and financing requirements for at least the next twelve