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Mar 31, 2023
Legacy Housing Q1 2023 Earnings Report
Legacy Housing Corporation's financial results for Q1 2023 were announced, revealing a mix of challenges and achievements.
Key Takeaways
Legacy Housing Corporation reported a decrease in net revenue but increases in income from operations, net income, and basic earnings per share for the first quarter of 2023. The company focused on sales amidst a challenging market, with long-time customers extending backlog and loan portfolios performing well.
Net revenue decreased by 11.8% compared to Q1 2022.
Income from operations increased by 0.5% compared to Q1 2022.
Net income increased by 1.1% compared to Q1 2022.
Basic earnings per share increased by 1.0% compared to Q1 2022.