Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 161

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 161
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’ buildings. We may pass the cost of equipment on directly to our customers as a
specific line item or incorporate the cost into our overall contract price for the job. In the years ended December 31, 2024 and 2023, we spent approximately $457.3 million and $385.8 million, respectively, on equipment for our
clients’ projects.

We are headquartered in San Jose, California and, as of December 31, 2024, we had approximately 5,700
full-time employees across 70 offices in 20 U.S. states. For the year ended December 31, 2024, we generated

113

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 $2,098.6 million in revenue, $27.6 million in net loss and $229.6 million in Adjusted EBITDA representing a Net Loss Margin of (1.3)% and Adjusted EBITDA Margin of 10.9%. For the three months ended March 31, 2025, we generated $506.0 million in revenue, $19.1 million in net loss and $50.8 million in Adjusted EBITDA representing a Net Loss Margin of (3.8)% and Adjusted EBITDA Margin of 10.0%. Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAPfinancial measures, for a reconciliation to the nearest GAAP financial measure, please see “Prospectus Summary—Non-GAAPFinancial Measures.” Our Strengths We believe the following strengths of our business position us to capitalize on continued growth in demand for engineering, consulting, installation and maintenance services; reinforce our leadership position in the markets we focus on; and distinguish us from our competitors:

| • |     | Direct beneficiary of megatrends. Real annualized private construction spending on data centers and                                                                                                                                           
 manufacturing facilities was at the highest level ever recorded, rising to $269 billion in February 2025, according to data from the U.S. Census Bureau. We believe our focus on data centers, manufacturing facilities and energy efficiency 
 upgrades positions us to benefit from increasing investment in data centers, the reshoring of manufacturing, rising power prices and accelerating load growth. In 2024, we generated over 63% of our revenues from new building projects from 
 clients in the data centers & technology client end market, and the majority of our revenues from existing building projects from