Welcome to our dedicated page for Legacy Housing Corporation news (Ticker: LEGH), a resource for investors and traders seeking the latest updates and insights on Legacy Housing Corporation stock.
Legacy Housing Corporation (NASDAQ: LEGH) is a premier builder, seller, and financier of high-quality manufactured homes and tiny houses in the United States. The company operates a robust network of independent retailers and company-owned stores to distribute its homes. Additionally, Legacy sells directly to manufactured housing communities, cementing its place as an industry leader.
Legacy Housing is renowned for offering comfortable and well-built homes at competitive prices. Their homes, ranging from approximately 395 to 2,667 square feet, feature 1 to 5 bedrooms and 1 to 3 1/2 bathrooms. Prices at retail range from about $33,000 to $180,000, making them a favored choice among thousands of homeowners across America. The company's American-made homes stand out for their quality materials and craftsmanship.
Recent achievements underscore Legacy's commitment to growth and customer satisfaction. The company announced its financial results for the second quarter of 2023, highlighting strong performance despite industry-wide shipment declines. President and CEO Duncan Bates noted that retail traffic and loan applications have surged, hitting a 12-month high in July 2023.
Legacy Housing's financial stability is further bolstered by a new Revolving Credit Facility, providing flexibility for growth. The company's focus on sales and cost management continues to pay off. Notably, the 2023 Fall Show was one of the most successful in Legacy's history, marking impressive strides in both production and sales expansion, particularly in the Southeast.
In leadership news, Legacy welcomed Jeff Fiedelman as its Chief Financial Officer in September 2023. Fiedelman's expertise in finance, accounting, and operations promises to drive Legacy's strategic initiatives forward. The company remains committed to enhancing processes, recruiting top talent, and maintaining a strong financial footing.
Legacy Housing ranks among the top producers of manufactured homes in the U.S., with current operations primarily in the southern states. As of late 2023, the company is the fourth largest producer according to the Manufactured Housing Institute. Legacy's homes continue to attract a broad customer base seeking affordable and high-quality housing solutions.
For investors and stakeholders, Legacy Housing Corporation remains a pivotal player in the manufactured housing market, providing a consistent track record of performance, innovation, and customer satisfaction.
Legacy Housing (LEGH) reported its Q3 2024 financial results, showing mixed performance. Net revenue decreased 11.4% to $44.3 million, while income from operations fell 19.4% to $15.3 million compared to Q3 2023. Net income saw a slight decrease of 1.8% to $15.8 million, with basic EPS at $0.65. However, book value increased 11.6% to $479.3 million, with book value per share up 12.7% to $19.84. The company reported strong customer attendance at their 2024 Fall Show, with orders extending their backlog into Q1 2025.
Legacy Housing (NASDAQ: LEGH) has announced the timing for its third quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended September 30, 2024, after markets close on Tuesday, November 12, 2024. A conference call will follow on Wednesday, November 13, 2024, at 10:00 a.m. Central Time.
Interested parties can pre-register for the call using a provided link, which will supply dial-in details upon registration. A replay of the webcast will be available on the company's investor relations website approximately two hours after the call and will remain accessible for one year.
Legacy Housing (NASDAQ: LEGH) reported its Q2 2024 financial results. Net revenue decreased 19.3% to $42.5 million, while net income increased 7.8% to $16.2 million compared to Q2 2023. Basic earnings per share rose 8.7% to $0.67. The company's book value grew 12.1% to $463.2 million, with book value per share up 13.2% to $19.17.
During Q2, Legacy repurchased 170,342 shares at an average price of $20.53. The Board authorized an additional $10 million for share repurchases. CEO Duncan Bates noted improving demand and emphasized accelerating sales volume as a top priority.
Legacy Housing (NASDAQ: LEGH) has announced the timing for its second quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended June 30, 2024, after markets close on Thursday, August 8, 2024. A conference call will follow on Friday, August 9, 2024, at 10:00 a.m. Central Time.
Interested parties can pre-register for the call using a provided link, which will supply dial-in details upon registration. A replay of the webcast will be available on the company's investor relations website approximately two hours after the call and will remain archived for one year.
Legacy Housing reported its first quarter 2024 financial results, highlighting a decrease in net revenue, income from operations, net income, and basic earnings per share compared to the first quarter of 2023. However, the company saw an increase in book value and book value per share. Legacy Housing also mentioned share repurchases and stated its focus on improving sales volumes and profitability.
Legacy Housing will release its financial results for the first quarter of 2024 on May 9, 2024, with a conference call scheduled for May 10, 2024. The Company encourages pre-registration for the call to receive dial-in details. A live webcast will also be available, with a replay accessible on the investor relations website.
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