Financial Performance - Legacy Housing Corporation reported product sales of $28.8 million for Q3 2025, a decrease of 4.6% compared to the same period last year [1] - The company delivered 420 floor sections in the quarter, down from 475 in the prior-year period, indicating a trend of lower unit volumes despite increased net revenue per unit [1] - The book value per share increased by 10.2% year-over-year, reflecting ongoing financial resilience [1] Executive Changes and Strategic Focus - Following the end of the quarter, Legacy Housing experienced significant executive transitions, including the departures of its CEO, CFO, and General Counsel [2] - The return of founders Kenneth Shipley and Curtis Hodgson has led to a renewed focus on cost discipline and expanding sales opportunities [2] Sales and Operational Outlook - Curt Hodgson, Executive Chairman, emphasized the company's commitment to providing value, controlling costs, and delivering profits for investors [3] - A major industry show held in late September generated enough orders to ensure Texas manufacturing facilities operate at a pace of 3 to 4 floors per day through year-end, exceeding the third quarter's rate [3] - The company maintains a robust balance sheet and prioritizes operational efficiency, supported by recent order activity [4] Company Overview - Legacy Housing Corporation is a leading provider of affordable manufactured homes in the U.S., focusing on quality, value, and customer service [5] - The company builds, sells, and finances manufactured homes and "tiny houses," distributed through independent retailers and company-owned stores [5] - Homes range in size from approximately 395 to 2,667 square feet, with prices ranging from approximately $33,000 to $180,000 [5]

Core Insights - Legacy Housing Corporation has announced the acquisition of AmeriCasa Solutions, LLC and its FutureHomeX® sales management platform in an all-cash transaction aimed at enhancing revenue growth and improving the homebuying experience [1][2][4] Company Overview - Legacy Housing is one of the largest manufacturers of manufactured homes in the U.S., operating through over 100 independent retailers and 12 company-owned stores, as well as direct sales to manufactured housing communities [2][9] - The company offers homes ranging from approximately 395 to 2,667 square feet, with retail prices between $33,000 and $180,000 [9] Acquisition Details - The acquisition includes a high-performing retail dealership in Houston, a chattel mortgage loan portfolio, an insurance agency, and a services center in Bogotá, Colombia, with the transaction expected to close on or before November 28, 2025 [2] - The FutureHomeX® Platform is designed to streamline the homebuying process through automation and AI, enhancing sales growth across retail dealerships and communities [2][6] Leadership Changes - Norman Newton, the CEO of AmeriCasa Solutions, will join Legacy Housing as Chief Revenue Officer under a five-year employment agreement, bringing over 30 years of executive experience [3][5] Strategic Goals - Legacy Housing's strategy includes expanding company-owned retail locations, increasing sales volume through advanced technology, and adding a Chief Revenue Officer to its leadership team [7]

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]

Company Overview - Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses, distributed through independent retailers and company-owned stores [3] - The company is one of the largest producers of manufactured homes in the United States, primarily operating in the southern United States [3] - Legacy offers a variety of homes ranging from approximately 395 to 2,667 square feet, with prices ranging from approximately $33,000 to $180,000 [3] Financial Results Announcement - Legacy Housing Corporation will release its financial results for the second quarter ended June 30, 2025, after markets close on August 7, 2025 [1] - A conference call will be held on August 8, 2025, at 10:00 a.m. Central Time to discuss the financial results [1] - A replay of the webcast will be available approximately two hours after the call and archived for one year [2]

Core Viewpoint - Legacy Housing Corporation is set to release its financial results for Q1 2025 on May 12, 2025, followed by a conference call on May 13, 2025 [1] Company Overview - Legacy Housing Corporation specializes in building, selling, and financing manufactured homes and tiny houses, distributed through independent retailers and company-owned stores [3] - The company is one of the largest producers of manufactured homes in the United States, primarily operating in the southern region [3] - Legacy offers a variety of homes ranging from approximately 395 to 2,667 square feet, with configurations of 1 to 5 bedrooms and 1 to 3.5 bathrooms [3] - Retail prices for these homes range from approximately $33,000 to $180,000 [3]