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Mar 31
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.
Legacy Housing
Legacy Housing
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.