Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 272

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 272
---
 |
| Total liabilities and equity                                                                                             |     | $                      | 2,352,500 |   |     | $    | 2,126,141 |   |

See Notes to Consolidated Financial Statements.

| (a) | As of December 31, 2024 total assets and total liabilities include $40.1 million and                                                                                                                                              
 $5.9 million, respectively, for consolidated variable interest entities. Assets of the variable interest entities can only be used to settle the liabilities of those entities. See “Note 6—Variable Interest Entities and Equity 
 Method Investments” for additional information.                                                                                                                                                                                   |

F-10

Legence Holdings LLC and Subsidiaries Consolidated Statements of Operations

|                                                                                                |     | Year Ended December 31, |      2024 |   |     |   |      2023 |   |     |   |      2022 |   |
|:-----------------------------------------------------------------------------------------------|:----|:------------------------|----------:|:--|:----|:--|----------:|:--|:----|:--|----------:|:--|
|                                                                                                |     | -Dollars in thousands   |           |   |     |   |           |   |     |   |           |   |
| Revenue                                                                                        |     | $                       | 2,098,602 |   |     | $ | 1,615,062 |   |     | $ | 1,246,501 |   |
| Cost of revenue                                                                                |     |                         | 1,667,835 |   |     |   | 1,299,916 |   |     |   | 1,012,795 |   |
| Gross profit                                                                                   |     |                         |   430,767 |   |     |   |   315,146 |   |     |   |   233,706 |   |
| Selling, general and administrative                                                            |     |                         |   242,888 |   |     |   |   186,058 |   |     |   |   142,054 |   |
| Depreciation and amortization                                                                  |     |                         |    97,153 |   |     |   |    80,241 |   |     |   |    82,511 |   |
| Acquisition-related costs                                                                      |     |                         |     5,634 |   |     |   |     3,794 |