Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 120

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 120
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ence Corp. Pursuant to 17 C.F.R. Section 200.83 The following table presents our subcontractor and equipment expenses (dollars in thousands):

|                       |     | 2024 | For the Three Months 
      Ended March 31, |     | 2025 |         |     | 2022 | For the Year Ended December 31, |     | 2023 |         |     | 2024 |         |
|:----------------------|:----|:-----|---------------------:|:----|:-----|--------:|:----|:-----|--------------------------------:|:----|:-----|--------:|:----|:-----|--------:|
| Subcontractor Expense |     | $    |               55,639 |     | $    |  71,584 |     | $    |                         199,876 |     | $    | 234,837 |     | $    | 350,719 |
| Equipment Expense     |     | $    |              106,495 |     | $    | 109,601 |     | $    |                         295,220 |     | $    | 385,770 |     | $    | 457,293 |

Acquisitions We have a pipeline of acquisition opportunities and intend to continue to pursue acquisitions as part of our strategy to increase our scale, expand existing or acquire new capabilities, access new clients, or broaden our geographic reach. While we target acquisitions that will enhance our growth and profitability, they may add redundant operating expenses in the short-term. Our ability to successfully execute acquisitions depends upon a number of factors, including sustained execution of a disciplined acquisition strategy and our ability to effectively integrate acquired companies or assets into our business. Effects of Seasonality Our revenues are subject to seasonal fluctuations, particularly in regions with colder winter climates and areas prone to extreme weather events, such as wildfires, storms, flooding, and hurricanes. We generally see greater levels of activity in the spring and summer months than we do in the winter months due to reduced construction activity during inclement weather and less use of air conditioning during colder months. Activity in our business also fluctuates with the academic calendar, as most schools and colleges prefer to have work performed on their facilities when classes are not in session, which drives increased revenue from education clients during the second and third quarters of the year. Additionally, activity levels in our business can be affected by state and local government spending cycles and fiscal calendars, which can be impacted