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Sep 30, 2021
Legacy Housing Q3 2021 Earnings Report
Legacy Housing Corporation's third quarter results were announced, showing revenue growth and improved profitability.
Key Takeaways
Legacy Housing Corporation reported a strong third quarter with a 29.1% increase in net revenue, a significant improvement in gross margin, and a substantial rise in net income and diluted earnings per share.
Net revenue increased by 29.1% to $56.5 million compared to Q3 2020.
Interest revenue from consumer and mobile home park portfolios grew by 12.9% to $7.3 million.
Gross margin improved to $14.9 million, representing 30.9% of product sales.
Net income rose to $14.7 million, driven by stronger gross margins and increased interest revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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