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Jun 30, 2024

Legacy Housing Q2 2024 Earnings Report

Legacy Housing reported financial results for the second quarter of 2024.

Key Takeaways

Legacy Housing Corporation announced its Q2 2024 financial results, highlighting progress across all aspects of the business, improved demand, focus on accelerating sales volume, monetizing non-core assets, and diligent expense management.

Team continues to make progress across all aspects of the business.

Demand is improving and top priority is accelerating sales volume.

Company continues to monetize non-core assets and diligently manage expenses.

Resolving past challenges positions the company well for the future.

Total Revenue
$42.5M
Previous year: $52.6M
-19.3%
EPS
$0.67
Previous year: $0.6
+11.7%
Gross Profit
$20.5M
Previous year: $22.9M
-10.7%
Cash and Equivalents
$60K
Previous year: $1.53M
-96.1%
Free Cash Flow
$1.72M
Previous year: -$5.55M
-131.0%
Total Assets
$515M
Previous year: $466M
+10.6%

Legacy Housing

Legacy Housing

Forward Guidance

The company is focused on improving demand and accelerating sales volume while managing expenses.