Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 147

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 147
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 and Training. Our continued success depends, in part, on our ability to attract, retain and motivate qualified engineers,
consultants, project managers, craftworkers and service technicians. We believe our success in retaining qualified employees will be based on the quality of our recruiting, talent development, project experience and opportunities for advancement. We
provide numerous training programs for our employees on topics including safety, engineering and technical training, anti-harassment, anti-discrimination and inclusion, as well as digital learning opportunities and on-the-job training including apprenticeship and leadership programs. We also provide co-op programs which serve as experiential learning opportunities and a
recruitment channel for college students looking for careers in engineering, consulting and construction.

Safety. We have
established comprehensive safety programs throughout our operations designed to comply with our internal safety standards as well as applicable federal, state and local laws and regulations. We have a dedicated safety task force that is responsible
for planning and implementing safety initiatives and programs across our company. Our total recordable incident rate per one hundred employees per year was during 2024. Our lost-time incident rate per one hundred
employees per year was during 2024. These rates were % and more than % lower than the most recently published U.S. Bureau of Labor Statistics’ overall rates for our industry,
respectively.

Competition

We
compete with national, regional, and local companies, including many small, owner-operated entities that operate their businesses in a limited geographic area. National competitors of our Engineering & Consulting segment include Affiliated
Engineers Inc., Stantec Inc. and WSP Global, Inc. National competitors of our Installation & Maintenance segment include Comfort Systems USA, Inc., EMCOR Group, Inc. and Southland Industries, Inc.

We believe our strategy of providing a comprehensive suite of engineering, consulting, installation and maintenance services gives us a
competitive advantage over smaller competitors and competitors with more limited capabilities.

102

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Customer Contracts

Historically, the vast majority of our revenues have been generated by customer contracts that are fixed-price. Under our fixed-price
contracts, we are obligated to deliver a specific scope of services for a fixed-price. When a project requires changes to the scope of services in a fixed-price contract, we charge amounts over and above the fixed-price to compensate us for the
changes. Approximately of our 2024 revenue was from contracts that had values