Legacy Housing reports Q3 EPS 65c, consensus 60c

Reports Q3 revenue $44.3M, consensus $48.02M…Book value per share for the third quarter of 2024 was $19.84, an increase of 12.7% from the third quarter of 2023. Duncan Bates, President and Chief Executive Officer, stated: “Legacy hosted a record number of customers at our 2024 Fall Show in late September. We showcased updated interior and exterior finishes to match the preferences of younger homebuyers. The changes were very well received, and orders written at the show pushed our backlog into the first quarter of 2025. Our team continues to execute on strategic initiatives and believes the market for our products will continue to strengthen into 2025 as housing affordability hovers near all-time lows.”