Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 115

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 115
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30, 2025, the effective tax rate was lower than the
U.S. federal statutory rate of 21%, primarily due to the loss before income tax from pass-through business not subject to income taxes at the Company level. For the nine months ended September 30, 2024, the effective tax rate was higher than
the U.S. federal statutory rate of 21% primarily due to the loss before income tax from pass-through business not subject to income taxes at the Company level.

74

For the Year Ended December 31, 2024 Compared to Year Ended December 31, 2023 A summary of our consolidated results of operations, selected data as a percentage of revenues for the years indicated, as well as the dollar and percentage change from the prior year is presented as follows (dollars in thousands):

|                                                                   |     | Year Ended December 31, |      2023 |   |     |   |      2024 |   |     |   | Year over Year Change |   |     |   |       |    |
|:------------------------------------------------------------------|:----|:------------------------|----------:|:--|:----|:--|----------:|:--|:----|:--|----------------------:|:--|:----|:--|------:|:---|
|                                                                   |     | $                       |           |   |     | $ |           |   |     | $ |                       |   |     | % |       |    |
| Revenue                                                           |     | $                       | 1,615,062 |   |     | $ | 2,098,602 |   |     | $ |               483,540 |   |     |   |  29.9 | %  |
| Cost of revenue                                                   |     |                         | 1,299,916 |   |     |   | 1,667,835 |   |     |   |               367,919 |   |     |   |  28.3 | %  |
| Gross profit                                                      |     |                         |   315,146 |   |     |   |   430,767 |   |     |   |               115,621 |   |     |   |  36.7 | %  |
| Selling, general and administrative                               |     |                         |   186,058 |   |     |   |   242,888 |   |     |   |