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Legacy Housing Q4 2024 Earnings Report
Estimated Revenue:$44.6M
-22.7% YoY
Estimated EPS:$0.52
26.5% YoY
Key Takeaways
Legacy Housing Corporation reported a slight decrease in net revenue and operating income for the full year 2024, but saw a significant increase in net income and basic earnings per share. The company also experienced a notable increase in book value.
Net revenue for the year ended 2024 was $184.2 million, a decrease of 2.6% from the year ended 2023.
Net income for the year ended 2024 was $61.6 million, an increase of 13.2% from the year ended 2023.
Basic earnings per share for the year ended 2024 was $2.55, an increase of 14.3% from the year ended 2023.
Book value for year ended 2024 was $494.0 million, an increase of 13.1% from the year ended 2023.
Legacy Housing
Legacy Housing
Forward Guidance
Legacy Housing Corporation is well-positioned for 2025, with strong demand for affordable housing and an integrated business model that allows for effective capital deployment and shareholder value compounding.
Positive Outlook
- Affordable housing remains a critical need in the United States, indicating strong market demand.
- Legacy is well positioned for 2025.
- The integrated business model provides numerous opportunities to deploy capital at high rates of return.
- The company aims to compound shareholder value.
- Management will continue to manage the business closely and allocate capital effectively.
Challenges Ahead
- The press release contains forward-looking statements that are subject to risks and uncertainties.
- Actual results or performance may differ materially from anticipated results or performance.
- Legacy undertakes no obligation to update any forward-looking statements after the date of the report, except as required by law.
- Investors should not place any reliance on any such forward-looking statements.
- No specific negative financial guidance or outlook was provided for 2025.
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Key Statistics
Market Cap
$667M
P/E Ratio
11.67
Sector
Consumer Durables
Industry
Homebuilding
52-Week High
$28.9
52-Week Low
$21.6
Net Revenue Change
-2.6%
Income from Operations
$63.6M
Income from Operations Change
-1.5%
Net Income
$61.6M
Net Income Change
13.2%