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Legacy Housing Corp (LEGH)
NASDAQ:LEGH
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.58Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -3.11%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with significant gains in net income, book value, and interest income, despite challenges such as a decrease in product sales and gross profit margin. The company is making strategic adjustments and remains optimistic about future growth.Company Guidance
During the Legacy Housing Corporation Full Year 2024 Earnings Call, several key metrics were highlighted. Product sales decreased by 10.9%, amounting to a $15.8 million decline primarily due to reduced unit volume in direct and inventory finance sales. Despite this, net revenue per product sold increased by 1.9% due to higher unit prices. Interest income from consumer MHP and dealer loans rose by 10.1%, or $3.8 million, driven by growth in loan portfolios. The consumer loan portfolio saw a $17.6 million increase, while the MHP loan portfolio grew by $24.5 million. Other revenue surged by 106.3%, mainly due to $8.9 million in land sales. Operating expenses fell by 4.4%, totaling a $1.1 million reduction, with warranty costs and consulting fees contributing to this decrease. Net income increased by 13.2% to $61.6 million, boosting basic earnings per share by 14.3%. The company ended 2024 with $1.1 million in cash, up from $0.7 million the previous year, and its book value per basic share rose by 13.9% to $20.40.Net Income Increase
Net income increased by 13.2% to $61.6 million in 2024 compared to 2023.
Book Value Growth
Legacy's book value per basic share outstanding increased by 13.9% from the year-end of 2023.
Interest Income Growth
Consumer MHP and dealer loans interest income increased by $3.8 million or 10.1% from 2023 to 2024.
Other Revenue Increase
Other revenue increased by $7.0 million or 106.3% from 2023 to 2024, driven by land sales.
Decrease in Selling, General, and Administrative Expenses
SG&A expenses decreased by $1.1 million or 4.4% in 2024 as compared to 2023.
Significant Increase in Other Income
Other income expense net increased by $8.3 million in 2024, driven by gains on sales and reversals of certain balance sheet liabilities.
GAAP Net Income Margins Improvement
GAAP net income margins increased to 33.5% in 2024 from 28.8% in 2023.
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LEGH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LEGH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $24.75 | $25.41 | +2.67% |
| Nov 12, 2024 | $26.88 | $26.24 | -2.38% |
| Aug 08, 2024 | $26.36 | $26.04 | -1.21% |
| May 09, 2024 | $21.14 | $23.41 | +10.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Legacy Housing Corp (LEGH) report earnings?
Legacy Housing Corp (LEGH) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Legacy Housing Corp (LEGH) earnings time?
Legacy Housing Corp (LEGH) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEGH EPS forecast?
LEGH EPS forecast for the fiscal quarter 2025 (Q1) is 0.58.
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