Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 122

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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,495 250,000 Term loan payments (including $74,797 in 2025 to related parties)(795,073)(9,572)Notes payable payments(6,102)(3,990)Finance lease payments(2,694)(1,798)Cash distributions to Legence Parent— (1,662)Cash contributions from Legence Parent— 400 Proceeds from IPO, net of underwriting discounts and commissions780,243 — Debt issuance costs— (1,091)Payments of contingent consideration (including $(20,663) in 2024 from related parties)— (32,429)Payments for deferred offering costs(21,165)— Cash (used in) provided by financing activities(42,296)199,858 Increase (decrease) in cash and cash equivalents94,867 (9,613)Cash and cash equivalents, beginning of period81,167 88,920 Cash and cash equivalents, end of period$176,034 $79,307 

The supplemental disclosures to the Condensed Consolidated Statements of Cash Flows are included in "Note 19 – Other Financial Information".

See Notes to Condensed Consolidated Financial Statements.

11

Legence Corp.Notes to Condensed Consolidated Financial Statements(Unaudited)

Note 1 - Nature of Operations and Basis of Presentation

OrganizationLegence Corp. was incorporated as a Delaware corporation on January 9, 2025 as a holding company for the purpose of facilitating an initial public offering ("IPO") and other related transactions in order to carry on the business of Legence Holdings LLC ("Legence Holdings"). Legence Holdings and its subsidiaries are a leading provider of engineering, installation and maintenance services for mission-critical systems in buildings. The Company focuses on high-growth sectors that have technically demanding buildings, including technology, life sciences, healthcare and education. The Company specializes in designing, fabricating and installing complex heating, ventilation and air conditioning (“HVAC”), process piping and other mechanical, electrical and plumbing (“MEP”) systems for new facilities and upgrading HVAC, lighting and building controls in existing facilities to make them more energy efficient and sustainable. Services are primarily provided on a fixed price basis.All references to the “Company” or “Legence” in this report are to Legence Corp. and its consolidated subsidiaries.Initial Public OfferingOn September 11, 2025, our registration statement on Form S-1 related to our IPO was declared effective by the Securities and Exchange