Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 137

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 137
---
   |     4,038 |   |     |   |    5,546 |   |
| Net (loss) income                                   |     |                            |   (14,957 | ) |     |   |    6,190 |   |     |   |          (676 | ) |     |   |      (18,200 | ) |     |   |   (19,139 | ) |     |   |   (3,869 | ) |
| Net income attributable to noncontrolling interests |     |                            |         — |   |     |   |        — |   |     |   |           407 |   |     |   |          505 |   |     |   |     2,074 |   |     |   |    1,401 |   |
| Net (loss) income attributable to Legence           |     | $                          |   (14,957 | ) |     | $ |    6,190 |   |     | $ |        (1,083 | ) |     | $ |      (18,705 | ) |     | $ |   (21,213 | ) |     | $ |   (5,270 | ) |

Non-GAAPFinancial Measures Adjusted EBITDA and Adjusted EBITDA Margin are financial measures not presented in accordance with GAAP but are intended to provide useful and supplemental information to investors and analysts as they evaluate our performance. EBITDA is defined as earnings before interest and other financing expenses, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted to exclude goodwill impairment, net loss on sale and disposition of property and equipment, changes in the fair value of contingent consideration liabilities, acquisition and integration costs, system deployment costs, strategic initiative costs, stock-based compensation expense, profits from an accelerated project sale, credit agreement amendment fees and litigation settlements. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Adjusted EBITDA should not be considered an alternative to net loss that is derived in accordance with GAAP. Management believes that the exclusion of the above-described items from net loss in the presentation of the non-GAAPmeasures identified above enables us and our investors to more effectively evaluate our operations period over period and to identify operating trends that might not be apparent due to, among other reasons, the variable nature of these items, both in value and frequency, period over period. In addition,