Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 33

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 33
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,835 |   |     |    $ |   166,410 |   |     |    $ |   229,625 |   |     | $         |   |
| Self-Perform Margin(3)       |                     |                       |      11.4 | % |     |      |      12.1 | % |     |      |      13.1 | % |     |           | % |

| (1) | Other Cost of Revenue equals Cost of Revenue minus Subcontractor Expense. Subcontractor Expense represents the                                                                                                                                        
 cost of third-party contractors that we use and is included in Cost of Revenue. We typically incur Subcontractor Expense in connection with the provision of construction management services. On jobs where we use subcontractors, we may pass those 
 costs directly through to our customers or include them in our overall price for the job.                                                                                                                                                             |

| (2) | We define Self-Perform Contribution as revenue less Subcontractor Expense. |

| (3) | We define Self-Perform Margin as Adjusted EBITDA divided by Self-Perform Contribution. |

20

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

RISK FACTORS

Investing in our Class A Common Stock involves risks. The information in this prospectus should be considered carefully, including the matters addressed under “Cautionary Statement Regarding Forward-Looking Statements,” and the following risks, before making an investment decision. The risks and uncertainties described below are not the only ones we face. Additional risks not presently known to us or that we currently deem immaterial may also materially affect our business. The occurrence of any of the following risks or additional risks and uncertainties that are currently immaterial or unknown could materially and adversely affect our business, financial condition, liquidity, results of operations, cash flows or prospects. The trading price of our Class A Common Stock could decline due to any of these risks, and you may lose all or part of your investment.

Risks Related to Business

Economic downturns in the markets in which we operate may materially and adversely affect our business because our business is dependent on levels of construction activity.

The demand for our services is dependent upon the existence of construction projects and service
requirements within the markets in which we operate. Any period of economic recession affecting a market or industry in which we transact business, such as data centers, is likely to adversely impact our business. Some of the projects we