Legacy Housing Corporation (NASDAQ:LEGH) Q1 2024 Earnings Call Transcript May 10, 2024 11:00 AM ET Company Participants Max Africk Thanks, Duncan. Before we begin, I will remind our listeners that management's prepared remarks today will contain forward-looking statements, which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the safe harbor for forward-looking statements cont ...

Legacy Housing (LEGH) reported $43.24 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 18.2%. EPS of $0.60 for the same period compares to $0.65 a year ago.The reported revenue represents a surprise of +13.59% over the Zacks Consensus Estimate of $38.07 million. With the consensus EPS estimate being $0.36, the EPS surprise was +66.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Legacy Housing (LEGH) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this mobile home manufacturing company would post earnings of $0.77 per share when it actually produced earnings of $0.28, delivering a surprise of -63.64%.Over the last f ...

Washington, D.C. 20549 FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38761 Legacy Housing Corporation (Exact name of registrant as specified in its charter) Texas 20-2897516 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other ...

BEDFORD, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the first quarter ended March 31, 2024 after markets close on Thursday, May 9, 2024. The Company will host a conference call at 10:00 a.m. Central Time on Friday, May 10, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed usi ...

BEDFORD, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company”, NASDAQ: LEGH) will release its financial results for the first quarter ended March 31, 2024 after markets close on Thursday, May 9, 2024. The Company will host a conference call at 10:00 a.m. Central Time on Friday, May 10, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed usi ...

Mireya Acierto/DigitalVision via Getty Images Last May, I published an article on tiny home builder Legacy Housing Corp.(NASDAQ:LEGH) wherein I pointed out that the company and the housing industry in general were in the throes of a housing downturn, which appeared to impact even the lower-end of the housing market. Since then, I have not revisited my Hold position on LEGH although I have been keeping an eye on the company’s quarterly reports as well as critical aspects of the industry including interes ...

Operator Selling, general and administrative expenses decreased $3.3 million or 11.9% in 2023 as compared to 2022. This decrease was primarily due to a decrease in salaries and benefits costs, warranty costs, consulting and professional fees, partially offset by an increase in loan loss provision legal expenses and marketing and advertising expenses. Net income decreased 19.6% to $54.5 million between December 31, 2023 and December 31, 2022. Two important data points. Right now, interest from new dealers an ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________ Commission file number 001-38761 Legacy Housing Corporation (Exact Name of Registrant as Specified in its Charter) Securiti ...

Duncan Bates Tim Moore Yes. Jay, 2023 was a pretty hard year for the independent dealers. I mean, you come off of just the market absolutely going gangbusters in 2022 up until the end of the year and backlogs being stretched out. So, when they were selling a lot of homes, they were ordering a lot of homes, but they weren't able to get those immediately. One moment for our next question. Our next question comes from Tim Moore with EF Hutton. Your line is open. Tim Moore Thanks, and congratulations on the con ...