From GlobeNewswire: 2025-05-12 17:09:00

Legacy Housing Corporation reported financial results for Q1 2025, with net revenue at $35.7 million, a 17.5% decrease. Income from operations was $11.6 million, down 30.8%, and net income was $10.3 million, a 32.1% decrease. Book value per share increased to $20.87. The company simplified its product offering and introduced new financing solutions.

Legacy Housing Corporation will host a conference call on May 13, 2025, at 10:00 AM Central Time to discuss the results. Investors can pre-register for the call to receive dial-in details. Legacy builds, sells, and finances manufactured homes and tiny houses, offering homes ranging from 395 to 2,667 square feet with prices from $33,000 to $180,000.

The company’s President and CEO, Duncan Bates, expressed optimism despite lower-than-expected first-quarter results, citing record book value exceeding $500 million. Legacy aims to boost sales through new financing options and key personnel additions. The press release contained forward-looking statements and investor contact information for inquiries.

Investors can contact Duncan Bates at (817) 799-4837, and media inquiries can reach Kira Hovancik at (817) 799-4905. Book value per share is a non-GAAP financial measure defined as total stockholders’ equity divided by basic weighted-average common shares outstanding. Legacy will not offer securities unlawfully without proper registration or qualification.



Read more at GlobeNewswire:: Legacy Housing Corporation Reports First Quarter 2025