Legacy Housing

May 15, 2020

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Mar 31, 2020

Legacy Housing Q1 2020 Earnings Report

Legacy Housing reported slight revenue increase and a significant rise in net income for Q1 2020.

Key Takeaways

Legacy Housing Corporation announced its Q1 2020 financial results, with net revenue slightly increasing to $38.3 million from $37.9 million in Q1 2019. Net income saw a 25% increase, reaching approximately $9.0 million compared to $7.2 million in the same period last year. Earnings per share rose to $0.37 from $0.29 year-over-year.

Net revenue increased slightly to $38.3 million from $37.9 million year-over-year.

Interest income grew by 16% to $6.4 million compared to $5.5 million in Q1 2019.

Net income increased by 25% to approximately $9.0 million, including a $1.075 million settlement from a lawsuit.

Earnings per share increased to $0.37 from $0.29 year-over-year.