Welcome to our dedicated page for Legence SEC filings (Ticker: LGN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Legence Corp. filings document the public-company reporting record for a Nasdaq-listed provider of engineering, consulting, installation, and maintenance services for building systems. The filings cover Class A common stock registration statements, prospectus disclosures for public equity offerings, operating and financial results, and segment information tied to Installation and Maintenance and Engineering and Consulting.
Legence's proxy and current reports address shareholder voting matters, board and committee governance, compensation arrangements, ownership and change-in-control disclosures, material agreements, and capital-structure matters involving Class A common stock, Class B common stock, and units of Legence Holdings LLC. The record also includes 8-K disclosures for earnings releases and other material events.
Legence Corp. describes its business as engineering, installation and maintenance services with an emphasis on energy efficiency and data center clients. Revenues grew from $1,246,501 in 2022 to $2,098,602 in 2024, reflecting significant expansion. The Installation & Maintenance segment grew at a compound annual rate of approximately 30% from 2021 to 2024 and, after giving pro forma effect to acquisitions, approximately 16%, and generated 71.3% of revenues and 52.4% of gross profit in 2024. The filing discloses an IPO structure using a UP-C, with Legence owning approximately 54% economic interest in Legence Holdings after the offering (56% if underwriters exercise their option). The company estimates a non-current liability under a Tax Receivable Agreement of approximately $276.7 million based on specific assumptions. Unaudited historical revenue and segment tables and pro forma adjustments are included. The filing identifies operational, cybersecurity, warranty, contract-estimate and force majeure risks and discloses a one-time eliminated Black Bear transaction profit of approximately $7.4 million.
Legence Corp. is filing an amended S-1 for its proposed IPO and presents historical and unaudited pro forma condensed consolidated financial information. Total revenues increased from $1.25 billion in 2022 to $2.10 billion in 2024, showing substantial growth. The company reports its Installation & Maintenance segment grew at a compound annual growth rate of approximately 30% from 2021 to 2024 (approximately 16% pro forma including acquisitions) and generated 71.3% of revenues and 52.4% of gross profit in 2024. Legence highlights in-house engineering and consulting capabilities, recurring multi-year maintenance contracts, integration of acquisitions (e.g., Bel-Aire) and workforce development (about 1,000 apprentices and 185 engineering students trained in 2024). The filing discloses an UP-C structure with LGN Units, a Tax Receivable Agreement that may require lump-sum payments, non-GAAP measures (Adjusted EBITDA) with reconciliations, and a stated $7.4 million non-recurring revenue adjustment related to a Black Bear transaction in Q4 2023. The prospectus lists underwriters and directed share/lock-up arrangements and notes operational, accounting (cost-to-cost contract accounting), cybersecurity and force majeure risks.