Legacy Housing Q1 profit rises; gets advance for Q2 order

Legacy Housing

Legacy Housing

LEGH

0.00


Overview

  • US manufactured home builder's Q1 revenue fell 3.7% yr/yr, net income and EPS rose

  • Company received $7.1 mln advance deposit for large workforce housing order, deliveries to begin Q2

  • Repurchased 30,740 shares for $573,000 under $10 mln buyback program


Outlook

  • Company expects deliveries on large workforce housing order to begin in Q2 2026

  • Company says it remains confident in long-term demand for affordable manufactured housing


Result Drivers

  • RETAIL AND DIRECT SALES - Co said retail and direct sales channels showed strength in Q1

  • LOAN PORTFOLIOS - Co said loan portfolios continued to perform well in Q1

  • WORKFORCE HOUSING ORDER - Co received $7.1 mln advance deposit for large workforce housing order, deliveries to begin Q2


Company press release: ID:nGNX29XvDF


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$34.40 mln

Q1 Net Income

$10.90 mln

Q1 Basic EPS

$0.46

Q1 Operating Income

$12.40 mln


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