Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 135

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 135
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 Loss Margin                                                   |                     |              |    (6.6 | )% |     |      |    (2.8 | )% |     |      |    (1.3 | )% |     |           | % |
| Adjusted EBITDA Margin                                            |                     |              |     9.6 | %  |     |      |    10.3 | %  |     |      |    10.9 | %  |     |           | % |

| (1) | Represents costs incurred in connection with our debt refinancings throughout 2024. |

| (2) | Refer to “Note 5—Goodwill and Intangible Assets” in the Notes to Consolidated Financial 
 Statements, for details on the nature of the impairment.                                |

| (3) | For the years ended December 31, 2024, 2023 and 2022, the figures include $5.6, $3.8 and $5.6 million,                                                                                                                                            
 respectively, of acquisition costs recorded in acquisition-related costs, and $1.1, $1.6 and $1.0 million, respectively, of acquisition integration costs recorded in selling, general and administrative costs in the Consolidated Statements of 
 Operations.                                                                                                                                                                                                                                       |

| (4) | Represents consulting and initial upfront costs associated with implementing and optimizing certain enterprise 
 resource planning systems, including IFS, Onestream and Ceridian Dayforce.                                     |

| (5) | Represents (i) consulting costs associated with rebranding efforts in connection with our name change to                                                                                                                                         
 Legence that we do not expect to recur in the future, (ii) upfront consulting and out-of-pocket costs related to developing and launching the cross-selling                                                                                      
 framework amongst our brands, many of which were more recently acquired and integrated into the Legence brand, (iii) consulting and legal fees associated with education and marketing efforts for our clients with respect to utilizing certain 
 government incentive programs and (iv) consulting, legal, accounting expenses in connection with non-recurring extraordinary company transactions.                                                                                               |

90

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83

| (6) | Our Black Bear subsidiary helps businesses and real estate owners procure                                                                                                                                                                                 
 on-site generation and storage systems for their buildings. Black Bear receives compensation for its services from project developers who pay Black Bear a fee if they are selected to provide the system for