Loading...
•
Mar 31, 2025
Legacy Housing Q1 2025 Earnings Report
Legacy Housing posted a decline in revenue and net income, impacted by weaker shipments to communities.
Key Takeaways
Legacy Housing reported a 17.5% drop in revenue and a 32.1% decline in net income for Q1 2025, with EPS down to $0.43. However, the company surpassed R$500 million in book value, indicating balance sheet strength.
Revenue fell to $35.7 million, down 17.5% year-over-year.
Net income dropped to $10.3 million, a 32.1% decline YoY.
EPS came in at $0.43, down 30.6% from the prior year.
Book value surpassed $500 million for the first time in company history.
Forward Guidance
Legacy Housing is optimistic for the rest of the year following product simplification and new strategic hires.
Positive Outlook
- Inventory finance sales exceeded expectations.
- Introduced a new financing solution for community owners.
- Book value per share reached $20.87.
- New hires in key manufacturing and retail positions.
- Simplified product offering expected to boost efficiency.
Challenges Ahead
- Shipments to communities were below expectations.
- Revenue declined over 17% year-over-year.
- Operating income and net income dropped significantly.
- EPS decreased more than 30% YoY.
- First quarter performance impacted by external demand factors.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...