Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 115

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 115
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 general and administrative expenses are
not reflected in the historical financial statements of our predecessor. Additionally, in anticipation of this offering, we have hired additional employees and consultants, including accounting, finance, tax, human resources and legal personnel, in
order to prepare for the requirements of being a publicly traded company.

Income Taxes

Legence is subject to U.S. federal and state income taxes as a corporation. Our predecessor was treated as a pass-through entity for U.S.
federal income tax purposes, and as such, was generally not subject to federal income tax at the entity level. However, several of the predecessor’s subsidiaries are corporations for tax reporting purposes and therefore require a U.S. federal
and state income tax provision for that portion of such entities’ results.

78

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Results of Operations For the Year Ended December 31, 2023 Compared to Year Ended December 31, 2022 A summary of our consolidated results of operations, selected data as a percentage of revenues for the years indicated, as well as the dollar and percentage change from the prior year is presented as follows:

|                                                                       |     | Year Ended December 31, |      2022 |   |     |   |      2023 |   |     | Year over Year 
 Change         |         |   |     |   |       |    |
|:----------------------------------------------------------------------|:----|:------------------------|----------:|:--|:----|:--|----------:|:--|:----|:---------------|--------:|:--|:----|:--|------:|:---|
|                                                                       |     | $                       |           |   |     | $ |           |   |     | $              |         |   |     | % |       |    |
|                                                                       |     | -Dollars in thousands   |           |   |     |   |           |   |     |                |         |   |     |   |       |    |
| Revenue                                                               |     | $                       | 1,246,501 |   |     | $ | 1,615,062 |   |     | $              | 368,561 |   |     |   |  29.6 | %  |
| Cost of revenue                                                       |     |                         | 1,012,795 |   |     |   | 1,299,916 |