Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 40

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 40
---
 these change orders will be fully resolved. When these types of events occur and unresolved change orders are pending, we have used working capital in projects to cover cost overruns pending the
resolution of the relevant change order. If these change orders are not approved, our revenue may be reduced in future periods, which could have a material adverse impact on our business, financial condition and results of operations.

If we experience delays and/or defaults in client payments, we could be unable to recover all expenditures.

Because of the nature of our contracts, at times we commit resources to projects prior to receiving payments from the client in amounts
sufficient to cover expenditures on projects as they are incurred. Delays in client payments may require us to make a working capital investment. While we historically have low levels of credit loss, if a client defaults in making their payments on
a project to which we have devoted resources, it could have a material adverse impact on our business, financial condition and results of operations.

If we fail to promote, maintain or enhance our brands in a cost-effective manner, we may lose market share and our revenue may decrease.

A significant portion of our revenue is earned directly or indirectly from clients in various industries. Accordingly, our brands, reputation
and relationships with these customers are among our most important assets, and our ability to attract and retain customers and employees depends on brand recognition and reputation. Such dependence makes our business susceptible to reputational
damage and to competition from other companies. A variety of events could result in damage to our reputation or brands, some of which are outside of our control, including:

26

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83

| • |     | acts or omissions that adversely affect our business such as a crime, scandal, cyber-related incident, litigation 
 or other negative publicity;                                                                                      |

| • |     | failure to successfully perform, or negative publicity related to, a high-profile project; |

| • |     | misconduct, fraud or other improper activities caused by our employees’, subcontractors’, 
 partners’ or consultants’ failure to comply with laws or regulations;                     |

| • |     | engagements in or perceived connections to politically or socially sensitive activities; |

| • |     | infringement of our trademarks or other intellectual property by third parties or accusations that our operations 
 infringe the intellectual property rights of third parties;                                                       |

| • |     | actual or potential involvement in a catastrophic fire, explosion or similar event;