| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 21.55 | 11.3% |
| Total Income | 21.55 | 11.3% |
| Expenditure | 21.98 | 8.7% |
| PBT | 13.02 | 2.3% |
| Net Profit | 10.93 | 6.3% |
| OPM | 57.49% | 9.77pp |
| NPM | 50.71% | 8.41pp |
| EPS | 0.46 | 7.0% |
Legacy Housing Reports Q1 2026 Revenue of $34.4 Million
08 May 2026 · 8 May, 3:42 pm
Summary
Legacy Housing Corporation announced its financial results for the first quarter ended March 31, 2026. Net revenue for the quarter was $34.4 million, a decrease of 3.7% from the first quarter of 2025. Income from operations increased by 6.9% to $12.4 million, and net income increased by 6.3% to $10.9 million. The company received a $7.1 million advance deposit for a large workforce housing order, with deliveries expected to begin in the second quarter of 2026.
Key Highlights
- 1
Net revenue for the first quarter of 2026 was $34.4 million, a decrease of 3.7% from the first quarter of 2025.
- 2
Income from operations for the first quarter of 2026 was $12.4 million, an increase of 6.9% from the first quarter of 2025.
- 3
Net income for the first quarter of 2026 was $10.9 million, an increase of 6.3% from the first quarter of 2025.
- 4
Basic earnings per share for the first quarter of 2026 was $0.46, an increase of 7.0% from the first quarter of 2025.
- 5
Diluted earnings per share was $0.46, an increase of 12.2% from the first quarter of 2025.
- 6
Book value per share on March 31, 2026, was $22.66, an increase of 2.1% from December 31, 2025.
- 7
The company received a non-refundable advance deposit of approximately $7.1 million during the first quarter from a single customer in connection with a large order of workforce housing units.
Management Comments
Kenneth E. Shipley
Legacy delivered a solid first quarter, growing net income and diluted earnings per share year-over-year despite a modest decline in revenue and continued macro headwinds. Our retail and direct sales channels showed real strength, our loan portfolios continue to perform well, and we ended the quarter with $14.1 million in cash and an essentially undrawn revolver. The large workforce housing order received during the quarter underscores the opportunity we see in that market, and we look forward to delivering on that order in the coming quarters. We remain confident in the long-term demand for affordable manufactured housing and in Legacy’s ability to serve that need.”
Informational and educational content only. Not investment advice.