Legacy Housing Corporation Common Stock
LEGHLegacy Housing Corporation (LEGH) is a builder and retailer of manufactured and modular homes, serving primarily the affordable housing market in the United States. Founded in 2003, the company focuses on providing quality, affordable housing options through its manufacturing facilities, retail outlets, and land-lease communities. Legacy Housing emphasizes cost-effective construction and innovative designs to meet the needs of value-conscious consumers.
Company News
Legacy Housing Corporation reported Q1 2026 results showing net revenue decline of 3.7% to $34.4 million, but net income increased 6.3% to $10.9 million with diluted EPS up 12.2%. The company received a $7.1 million advance deposit for a large workforce housing order and repurchased 30,740 shares under its authorization.
Legacy Housing Corporation announced it will release its full year 2025 financial results on March 12, 2026, followed by a conference call on March 13, 2026. The company is one of the largest manufactured homes producers in the United States, operating primarily in the southern U.S.
Legacy Housing reported Q3 2025 product sales of $28.8 million, a 4.6% decrease from last year, with 420 floor sections delivered. Despite challenges, book value per share rose 10.2% and the company experienced significant executive transitions, with founders returning to refocus on cost discipline and sales opportunities.
Legacy Housing Corporation has agreed to purchase the assets of AmeriCasa Solutions, including its FutureHomeX® Platform, in an all-cash transaction. Norman Newton, AmeriCasa's CEO, will join Legacy Housing as Chief Revenue Officer to help accelerate sales growth and technology integration.
Legacy Housing Corporation reported a 2.6% decrease in net revenue and a 1.5% decrease in income from operations for the year ended 2024, but a 13.2% increase in net income and a 14.3% increase in basic earnings per share.
