Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 325

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 325
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 Consolidated Financial Statements. At the time a loss on a contract becomes probable, the entire amount of the estimated loss is accrued. Management monitors for
circumstances that may affect the accuracy of its estimates.

Disaggregation of Revenue

The Company’s revenue was derived from contracts to provide goods or services in the Engineering & Consulting and Installation &
Maintenance segments. Refer to “” for additional information on reportable segments.

F-71

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited) The Company disaggregates revenue by service line as management believes this category best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. See details in the following table (in thousands):

| Revenue by Service Line and Segment      
 Engineering & Consulting:                |     | Three Months Ended March 31, 
 2025                         |         |     | 2024 |         |
|:-----------------------------------------|:----|:-----------------------------|--------:|:----|:-----|--------:|
| Engineering & Design                     |     | $                            | 106,542 |     | $    |  62,522 |
| Program & Project Management             |     |                              |  38,905 |     |      |  36,046 |
| Total Engineering & Consulting segment   |     |                              | 145,447 |     |      |  98,568 |
| Installation & Maintenance:              |     |                              |         |     |      |         |
| Installation & Fabrication               |     |                              | 289,682 |     |      | 290,663 |
| Maintenance & Service                    |     |                              |  70,824 |     |      |  79,565 |
| Total Installation & Maintenance segment |     |                              | 360,506 |     |      | 370,228 |
| Revenue                                  |     | $                            | 505,953 |     | $    | 468,796 |

No single customer accounted for more than 10% of revenue in the three months ended March 31, 2025 and 2024. Contract Assets and Liabilities Due to the nature of the Company’s performance obligations and the timing of contractual payment terms, the Company has material contract asset and liability balances. Contract assets