Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 320

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 320
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.O. Reed. Total pension and union benefit contributions correspond to the number of union employees employed, and the amount may vary depending on the number and location of ongoing projects at a given time and the need for union resources related to those projects. Defined Contribution Plans:The Company also offers a 401(k) defined contribution plan covering all employees meeting specified eligibility requirements who are not subject to a collective bargaining agreement. While the plan also allows for profit sharing, the Company has not used that feature. Employees can defer certain components of compensation, up to statutory limits, and the Company matches up to 4% of employees’ compensation. The Company may make additional discretionary contributions. Contributions to the plans for non-unionemployees were $9.6 million, $7.3 million and $5.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. Note 15—Income Taxes Loss before income tax for the years ended December 31, 2024, 2023, and 2022 consisted entirely of loss from domestic operations of $23.1 million, $53.9 million and $74.7 million, respectively. The income tax provision (benefit) consists of the following (in thousands):

|                                      |     | Year Ended December 31, |    2024 |   |     |   |    2023 |   |     |   |  2022 |   |
|:-------------------------------------|:----|:------------------------|--------:|:--|:----|:--|--------:|:--|:----|:--|------:|:--|
| Current tax provision:               |     |                         |         |   |     |   |         |   |     |   |       |   |
| Federal                              |     | $                       |  11,842 |   |     | $ |   1,939 |   |     | $ | 1,220 |   |
| State                                |     |                         |   6,383 |   |     |   |   3,479 |   |     |   | 2,343 |   |
| Total current tax provision          |     |                         |  18,225 |   |     |   |   5,418 |   |     |   | 3,563 |   |
| Deferred tax (benefit) expense:      |     |                         |         |   |     |