Legacy Housing Corp ( (LEGH) ) has released its Q4 earnings. Here is a breakdown of the information Legacy Housing Corp presented to its investors.
Legacy Housing Corporation, a prominent player in the manufactured homes sector, specializes in building, selling, and financing manufactured and tiny homes across the United States, with a strong focus in the southern region.
Legacy Housing Corporation recently released its financial results for the full year 2024, showcasing a mixed performance with some positive growth indicators. Despite a slight decline in net revenue and income from operations, the company managed to achieve a notable increase in net income and earnings per share.
The company’s net revenue for 2024 stood at $184.2 million, marking a 2.6% decrease from the previous year. However, net income rose by 13.2% to $61.6 million, and basic earnings per share increased by 14.3% to $2.55. Additionally, the book value per share saw a 13.9% rise, reflecting the company’s strong financial position and effective capital management strategies.
Legacy’s management remains optimistic about the future, emphasizing the robust demand for affordable housing in the U.S. and the company’s strategic positioning to capitalize on this demand. With a focus on deploying capital efficiently and enhancing shareholder value, Legacy Housing is poised for continued growth in 2025.
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