Legacy Housing Corporation Reports Third Quarter 2026 Financial Results

(NASDAQ:LEGH) Legacy Housing Corporation announced its financial results for the third quarter ended September 30, 2026. Net revenue for the third quarter of 2026 was $69.7 million, representing an increase of 72.2% from the third quarter of 2025. Income from operations for the third quarter of 2026 was $23.4 million, up 141.4% from the prior year period. Net income for the third quarter of 2026 was $20.1 million, an increase of 132.8% from the third quarter of 2025. Basic and diluted earnings per share for the third quarter of 2026 were $0.85, increases of 136.1% and 142.9% respectively from the third quarter of 2025. Net revenue for the first nine months of 2026 was $170.4 million, an increase of 34.9% from the first nine months of 2025. Net income for the first nine months of 2026 was $54.5 million, up 62.2% from the prior year period. Diluted earnings per share for the first nine months of 2026 was $2.29, compared to $1.37 in the first nine months of 2025, an increase of 67.2%. Book value per share as of September 30, 2026, was $24.49, an increase of 10.3% from December 31, 2025. Product sales for the third quarter of 2026 were $55.2 million, an increase of 91.7% from the third quarter of 2025. The company sold 635 homes in the third quarter of 2026, compared to 420 homes in the third quarter of 2025. Legacy ended the quarter with $36.1 million in cash and short-term investments and had no borrowings on its revolving credit facility. Kenneth E. Shipley, Chairman and Chief Executive Officer, stated that strong home sales led the quarter, Heritage stores grew sales while preparing for 2027 models, and the consumer loan portfolio continues to perform. He noted the company is working closely with dealers in a softer retail market and expects to open its 350-plus-acre Bastrop community for lot and home sales in 2027, providing additional opportunities for home and financing sales. Shipley also highlighted the company's debt-free status and strong balance sheet, enabling investment in plants and people to increase capacity for affordable housing. Management will host a conference call to discuss the results at 11:00 AM Central Time on Thursday, November 5, 2026, with pre-registration required for dial-in details. Legacy Housing Corporation builds, sells, and finances manufactured homes and "Tiny Houses" distributed through independent retailers and company-owned stores, and also sells directly to manufactured housing communities. The company is one of the largest producers of manufactured homes in the United States, with operations focused primarily in the southern United States. Homes range in size from approximately 395 to 2,667 square feet, with 1 to 5 bedrooms and 1 to 3½ bathrooms. Retail prices for homes range from approximately $47,000 to $200,000.

Legacy Housing Corporation Reports First Quarter 2026 Financial Results

Legacy Housing Corporation announced its financial results for the first quarter ended March 31, 2026. Net revenue for the first quarter of 2026 was $34.4 million, a decrease of 3.7% from the first quarter of 2025. Net income for the first quarter of 2026 was $10.9 million, an increase of 6.3% from the first quarter of 2025. The company received a non-refundable advance deposit of approximately $7.1 million during the first quarter from a single customer for a large order of workforce housing units. Legacy repurchased 30,740 shares of common stock for approximately $573 thousand during the first quarter under its $10.0 million repurchase program.