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Jun 30, 2025
Legacy Housing Q2 2025 Earnings Report
Legacy Housing Corporation announced its financial results for the second quarter ended June 30, 2025, reporting increased net revenue and income from operations, but a decrease in net income and basic earnings per share.
Key Takeaways
Legacy Housing Corporation reported a strong second quarter in 2025 with net revenue increasing by 18.0% to $50.2 million and income from operations rising by 4.9% to $16.8 million. However, net income decreased by 9.2% to $14.7 million, and basic earnings per share fell by 9.0% to $0.61. The company also saw an 11.2% increase in book value per share to $21.32 and repurchased $5.8 million worth of common stock.
Net revenue for Q2 2025 increased by 18.0% to $50.2 million, driven by higher average selling prices and increased unit volumes.
Income from operations rose by 4.9% to $16.8 million in Q2 2025.
Net income for Q2 2025 decreased by 9.2% to $14.7 million, and basic earnings per share fell by 9.0% to $0.61.
Book value per share increased by 11.2% to $21.32, and the company repurchased $5.8 million in common stock during the quarter.
Forward Guidance
Legacy Housing Corporation's CEO, Duncan Bates, expressed confidence in the company's long-term value, citing attractive opportunities for stock repurchase due to a decline in share price. However, he acknowledged ongoing general market uncertainty and tariff-related risks.
Positive Outlook
- Higher average selling prices contributed to revenue growth.
- Increased unit volumes drove revenue growth.
- Solid progress is being made across the retail footprint.
- Solid progress is being made on land development projects.
- The decline in share price created an attractive opportunity for stock repurchases, indicating confidence in long-term value.
Challenges Ahead
- General market uncertainty remains a concern.
- Tariff-related risks persist.
- Net income decreased compared to the prior year.
- Basic earnings per share decreased compared to the prior year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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