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Legacy Housing

🇺🇸 NASDAQ:LEGH

View Company

Overview Earnings Dividends

May 09, 2024

•

Mar 31, 2024

Legacy Housing Q1 2024 Earnings Report

Legacy Housing reported strong profitability and improving sales volumes in the first quarter of 2024.

Key Takeaways

Legacy Housing Corporation announced its Q1 2024 financial results, highlighting strong profitability and improving sales volumes. The company also repurchased stock and showcased product improvements at their Spring Show.

Legacy's business fundamentals remained unchanged.

The company experienced strong profitability during the first quarter.

Sales volumes are showing signs of improvement.

Legacy repurchased stock for the first time since 2020.

Total Revenue

$43.2M

Previous year: $52.9M

-18.2%

EPS

$0.6

Previous year: $0.65

-7.7%

Gross Profit

$22.4M

Previous year: $23.9M

-6.2%

Cash and Equivalents

$621K

Previous year: $3.23M

-80.8%

Free Cash Flow

$9.94M

Previous year: -$3.45M

-387.8%

Total Assets

$510M

Previous year: $455M

+12.1%

Legacy Housing

Forward Guidance

The company is focused on unlocking trapped value on their balance sheet and accelerating earnings growth.

Positive Outlook

Showcased product improvements at the Spring Show.
Sold finished goods inventory.
Built backlog at the Spring Show.
Focused on unlocking trapped value on balance sheet.
Focused on accelerating earnings growth.

Company Overview

Full financial data and analysis

View Legacy Housing