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Legacy Housing Corp (LEGH)
NASDAQ:LEGH
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.55Last Year’s EPS
0.67Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: -13.37%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance for Legacy Housing Corporation. While there were notable achievements such as increased net revenue per product sold, growth in loan portfolios, and strong retail loan originations, the company faced challenges with a significant decrease in product sales, net income, and gross profit margin. Increased SG&A expenses and decreased other revenue further contributed to a challenging quarter. Despite these setbacks, the company remains optimistic about future growth, particularly in retail finance and loan originations.Company Guidance
During the Legacy Housing Corporation Q1 2025 earnings call, several key financial metrics and strategic updates were discussed. The company reported a 21.2% decrease in product sales, amounting to a $6.5 million drop compared to the same period in 2024, primarily due to reduced unit volume in mobile home park and retail sales. Despite this, net revenue per product increased by 23.1% due to a higher mix of consumer sales. The consumer loan portfolio grew by $20.3 million, while the dealer finance notes decreased by $2.4 million. Legacy's gross profit margin fell to 29.2% from 33.6% year-over-year, and net income decreased by 32.1% to $10.3 million. Basic earnings per share also saw a decline of 30.6% to $0.43. However, the company reported an increase in cash reserves to $3.4 million as of March 31, 2025, and a 13.1% increase in book value per basic share outstanding to $20.87. Looking forward, the company plans to simplify its product line to improve efficiency and has made strategic hires to bolster its sales and marketing efforts. Despite market uncertainties, the outlook for the rest of 2025 remains positive, with retail loan originations in April reaching record levels since going public and May tracking equally strong.Increase in Net Revenue Per Product Sold
Net revenue per product sold increased by 23.1% compared to the same period in 2024, largely due to a shift from wholesale to higher retail prices.
Increase in Consumer and MHP Loan Portfolios
The consumer loan portfolio increased by $20.3 million and the MHP loan portfolio increased by $20.1 million compared to the previous year.
Strong Retail Loan Originations
Retail loan originations in April 2025 were the highest since going public, with year-to-date originations up 51% over last year.
Increase in Cash Reserves
Cash reserves increased to $3.4 million as of March 31, 2025, up from $1.1 million as of December 31, 2024.
Growth in Book Value Per Share
Book value per basic share outstanding increased by 13.1% from the same period in 2024.
LEGH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LEGH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | $25.73 | $23.54 | -8.51% |
Mar 12, 2025 | $24.75 | $25.41 | +2.67% |
Nov 12, 2024 | $26.88 | $26.24 | -2.38% |
Aug 08, 2024 | $26.36 | $26.04 | -1.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Legacy Housing Corp (LEGH) report earnings?
Legacy Housing Corp (LEGH) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Legacy Housing Corp (LEGH) earnings time?
Legacy Housing Corp (LEGH) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEGH EPS forecast?
LEGH EPS forecast for the fiscal quarter 2025 (Q2) is 0.55.