Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 276

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 276
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.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows (in thousands):

|                                                                |     | Year Ended December 31, |  2023 |     |   |  2022 |
|:---------------------------------------------------------------|:----|:------------------------|------:|:----|:--|------:|
| Unrecognized tax benefits at the beginning of period           |     | $                       | 2,677 |     | $ | 2,677 |
| Increases based on tax positions related to the current period |     |                         |     — |     |   |     — |
| Increases based on tax positions related to prior periods      |     |                         |     — |     |   |     — |
| Decreases based on tax positions related to prior periods      |     |                         |     — |     |   |     — |
| Decreases related to cash settlements with taxing authorities  |     |                         |     — |     |   |     — |
| Unrecognized tax benefits at the end of period                 |     | $                       | 2,677 |     | $ | 2,677 |

The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. Tax years 2020 through 2023 remain open to examination. Note 15—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 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-relatedbonus 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