Legacy Housing Corporation Reports Second Quarter 2025 Financial Results

Financial Performance - Net revenue for the second quarter of 2025 was $50.2 million, an increase of 18.0% from the second quarter of 2024 [7] - Income from operations for the second quarter of 2025 was $16.8 million, an increase of 4.9% from the second quarter of 2024 [7] - Net income for the second quarter of 2025 was $14.7 million, a decrease of 9.2% from the second quarter of 2024 [7] - Basic earnings per share for the second quarter of 2025 was $0.61, a decrease of 9.0% from the second quarter of 2024 [7] - Book value per share for the second quarter of 2025 was $21.32, an increase of 11.2% from the second quarter of 2024 [7] Company Strategy and Market Position - The company experienced revenue growth driven by higher average selling prices and increased unit volumes [3] - The company is making solid progress across its retail footprint and land development projects [3] - The decline in share price during the quarter provided an opportunity for the company to repurchase stock, reflecting confidence in long-term business value [3] - Legacy Housing Corporation is one of the largest producers of manufactured homes in the United States, focusing primarily on the southern United States [5] Share Repurchase Activity - The company repurchased 260,635 shares of common stock for $5.8 million in the open market during the three months ended June 30, 2025 [7]