Quarterly ResultAug 5, 2026, 04:11 PM
Legacy Housing Q2 Net Income +60% to $23.5M; EPS $0.99
AI Summary
Legacy Housing Corp reported a strong second quarter with net income increasing by 60% to $23.5 million and diluted EPS rising 65% to $0.99. Total net revenue grew 32.3% to $66.3 million, primarily driven by a significant increase in product sales, especially from Workforce Housing. The company also announced the retirement of its Executive Chairman, effective July 21, 2026.
Key Highlights
- Net income for Q2 2026 increased 60% to $23.5 million from $14.7 million in Q2 2025.
- Diluted EPS for Q2 2026 rose 65% to $0.99, up from $0.60 in Q2 2025.
- Total net revenue for Q2 2026 increased 32.3% to $66.3 million.
- Product sales for Q2 2026 surged 40% to $53.8 million, driven by Workforce Housing.
- Workforce Housing sales reached $25.5 million in Q2 2026, up from $1.1 million in Q2 2025.
- Cash at period end was $29.0 million, a significant increase from $8.5 million at Dec 31, 2025.
- Executive Chairman retired effective July 21, 2026, making the CEO the sole operating decision maker.
- Customer deposits increased to $12.5 million, including a $7.1 million advance for a large order.
Price Impact
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