Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 115

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 115
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 loss per share                                                  |     | $                 |     | $                |
| Diluted loss per share                                                |     | $                 |     | $                |

| (1) | For the six months ended June 30, 2025 and the year ended December 31, 2024, the dilutive effects of the                                          
 Company’s restricted stock units were not included in the computation of diluted loss per share because the effect would have been anti-dilutive. |

| (2) | The noncontrolling interest owners, which we refer to as LGN Unit Holders, have an Exchange Right, which enable                                                                                                                                  
 the noncontrolling interest owners to exchange LGN Units for shares of Class A Common Stock on a one for one basis. The Exchange Right causes the LGN Units to be considered potentially dilutive shares for purposes of dilutive loss per share 
 calculations. For the six months ended June 30, 2025 and the year ended December 31, 2024, the Exchange Right was not included in the computation of diluted loss per share because the effect would have been anti-dilutive.                    |

78

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our Consolidated Financial Statements and our Condensed Consolidated Financial Statements and related notes that appear elsewhere in this prospectus. In addition to historical consolidated financial information, the following discussion contains “forward-looking statements” that reflect our future plans, estimates, beliefs and expected performance. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the risks and uncertainties described under “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” and elsewhere in this prospectus. Our actual results may differ materially from those contained in or implied by any forward-looking statements. We do not undertake any obligation to publicly update any forward-looking statements except as otherwise required by applicable law. Unless otherwise indicated, the historical financial information presented in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” speaks only with respect to our predecessor, Legence Holdings and does not give pro forma effect to the Corporate Reorganization.

Overview

We are a leading provider of
engineering, installation and maintenance services for mission-critical systems in buildings. We focus on high-growth sectors that have technically demanding buildings, including technology, life sciences, healthcare and education. We count