LEGH
Legacy Housing Corporation20.43
+0.00+0%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
487.64MP/E (TTM)
10.48Basic EPS (TTM)
1.95Dividend Yield
0%Recent Filings
10-K
FY2025 results
Legacy Housing's FY2025 ended December 31, 2025 delivered $165M revenue, down 11% y/y, with product sales dropping 10% to $117M on 1,703 units (20% y/y decline) yet 13% higher net revenue per unit amid rising costs. Interest income rose 6% to $44M, fueling $42M net income despite 26% SG&A surge from loan provisions and legal fees. Q4 momentum faltered as commercial sales to MHPs plunged 30% y/y on operator caution, though retail stores grew 13%; unit production dipped across Texas plants. Cash hit $8.5M with $37M operating flow; $50M revolver untapped. November's $20M AmeriCasa buy added retail and SaaS, $7.6M buybacks trimmed shares. Repurchase risk lingers from dealers.
8-K
Annual meeting results
Legacy Housing held its annual meeting on December 18, 2025, with 20.7M shares present out of 23.9M outstanding. Stockholders elected all five director nominees—Hodgson, Shipley, Howton with strong support, Ferguson and Stouder amid closer races—and ratified Frazier & Deeter as auditors for 2025. Board continuity intact.
8-K
New CFO appointed
Legacy Housing appointed Jon Langbert as CFO on December 18, 2025, replacing interim CFO Ronald Arrington who stepped down same day. Langbert brings deep finance experience from Plush Suites, Langbert Financial, Alight, and early career at EDS, plus Harvard MBA. No related arrangements disclosed. Employment agreement expected soon.
10-Q
Q3 FY2025 results
Legacy Housing posted Q3 revenue of $40.5M, down 8.6% y/y from $44.3M as product sales fell 4.6% y/y to $28.8M on 11.6% fewer units (420 vs 475), yet average revenue per unit rose 7.9% y/y to $68.5K; operating income dropped 36.6% y/y to $9.7M while gross margin on products slipped to 20.2% from 29.2% amid higher raw material and tariff costs (derived). Loan interest grew 5.4% y/y to $10.9M, fueling net income of $8.6M or $0.35 diluted EPS, confirmed vs 24.4M shares. Cash swelled to $13.6M with $50M revolver available, no debt drawn, and $18.1M YTD operating cash flow (capex $5.7M, FCF $12.4M derived). Subsequent C-suite resignations pose transition risk.
8-K
Q3 sales dip, book value up
Legacy Housing reported Q3 2025 product sales of $28.8 million, down 4.6% year-over-year, with 420 floor sections delivered versus 475 last year. Book value per share climbed 10.2% year-over-year. Founders returned as interim leaders after executive exits. Late-September orders secure Texas plants at 3-4 floors daily through year-end.
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