Reported Earnings • May 11
First quarter 2026 earnings released: EPS: US$0.46 (vs US$0.43 in 1Q 2025) First quarter 2026 results: EPS: US$0.46 (up from US$0.43 in 1Q 2025). Revenue: US$34.4m (down 3.7% from 1Q 2025). Net income: US$10.9m (up 6.3% from 1Q 2025). Profit margin: 32% (up from 29% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • May 09
Legacy Housing Corporation (NasdaqGS:LEGH) announces an Equity Buyback for $10 million worth of its shares. Legacy Housing Corporation (NasdaqGS:LEGH) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The program will run through February 28, 2029. Annuncio • May 06
Legacy Housing Corporation to Report Q1, 2026 Results on May 07, 2026 Legacy Housing Corporation announced that they will report Q1, 2026 results After-Market on May 07, 2026 Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: US$1.74 (vs US$2.55 in FY 2024) Full year 2025 results: EPS: US$1.74 (down from US$2.55 in FY 2024). Revenue: US$164.6m (down 11% from FY 2024). Net income: US$41.8m (down 32% from FY 2024). Profit margin: 25% (down from 34% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Annuncio • Mar 12
Legacy Housing Corporation to Report Q4, 2025 Results on Mar 12, 2026 Legacy Housing Corporation announced that they will report Q4, 2025 results After-Market on Mar 12, 2026 Annuncio • Dec 19
Legacy Housing Corporation Announces Chief Financial Officer Changes, Effective December 18, 2025 Legacy Housing Corporation appointed Jon Langbert, age 60, as Chief Financial Officer of the Company effective December 18, 2025. Before joining the Company, Mr. Langbert provided advisory services to and invested in early-stage companies. Mr. Langbert served as the President of Plush Suites, which developed an all-suite, upscale extended-stay hotel product, from June 2016 to March 2023, and was the owner of Langbert Financial, a privately held factoring company with additional interests in franchise ownership and development, from November 2002 to May 2016. Mr. Langbert also founded Alight, a VC-backed internet retailer, in 1999, and Consolidated Route, a large route operator of gaming equipment, in 1995. Mr. Langbert began his career in finance and accounting with Electronic Data Systems (now HP Enterprise Services), at which time he earned a Certified Management Accountant certification. Mr. Langbert has a BBA degree in Finance with Honors from The University of Texas at Austin and an MBA from Harvard Business School. Mr. Langbert replaces Ronald Arrington, who stepped down as Interim Chief Financial Officer on December 18, 2025. Annuncio • Nov 13
Legacy Housing Corporation, Annual General Meeting, Dec 18, 2025 Legacy Housing Corporation, Annual General Meeting, Dec 18, 2025. Location: offices located at 1600 airport freeway, suite 100, texas 76022, bedford United States Buy Or Sell Opportunity • Nov 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to €19.30. The fair value is estimated to be €24.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 8.0%. Revenue is forecast to grow by 3.7% in a year. Earnings are forecast to grow by 17% in the next year. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: US$0.36 (vs US$0.65 in 3Q 2024) Third quarter 2025 results: EPS: US$0.36 (down from US$0.65 in 3Q 2024). Revenue: US$40.5m (down 8.6% from 3Q 2024). Net income: US$8.65m (down 45% from 3Q 2024). Profit margin: 21% (down from 36% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Nov 07
Legacy Housing Corporation Appoints Norman Newton as Chief Revenue Officer Legacy Housing announced the appointment of Norman Newton, AmeriCasa’s Chief Executive Officer, as Legacy Housing’s new Chief Revenue Officer. AmeriCasa Solutions Co-Founder and Chief Executive Officer Norman Newton will join Legacy Housing under a five-year employment agreement serving as its Chief Revenue Officer. Mr. Newton has more than 30 years of senior executive experience in both public and private companies across domestic and international markets. He is the Founder of Newton Vision Corp, LLC, a private investment and professional services firm based in Austin, Texas. Mr. Newton holds a BBA degree in Finance from the University of Texas at Austin. Annuncio • Nov 04
Legacy Housing Corporation Announces Board Changes Legacy Housing Corporation announced that on October 29, 2025, the Board appointed Curtis D. Hodgson as the Executive Chairman of the Board, effective as of such date. Mr. Hodgson co-founded the Company in 2005 and has served as a director of the Company since January 2018, and previously served as Executive Chairman of the Board from January 2022 to December 2024. Kenneth E. Shipley, who served as the Chairman of the Board prior to Mr. Hodgson’s appointment, will continue to serve as a member of the Board. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Consumer Durables industry in Europe. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: US$0.61 (vs US$0.67 in 2Q 2024) Second quarter 2025 results: EPS: US$0.61 (down from US$0.67 in 2Q 2024). Revenue: US$50.2m (up 18% from 2Q 2024). Net income: US$14.7m (down 9.2% from 2Q 2024). Profit margin: 29% (down from 38% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Jul 29
Legacy Housing Corporation to Report Q2, 2025 Results on Aug 07, 2025 Legacy Housing Corporation announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Reported Earnings • May 13
First quarter 2025 earnings released: EPS: US$0.43 (vs US$0.62 in 1Q 2024) First quarter 2025 results: EPS: US$0.43 (down from US$0.62 in 1Q 2024). Revenue: US$35.7m (down 18% from 1Q 2024). Net income: US$10.3m (down 32% from 1Q 2024). Profit margin: 29% (down from 35% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Apr 30
Legacy Housing Corporation to Report Q1, 2025 Results on May 12, 2025 Legacy Housing Corporation announced that they will report Q1, 2025 results After-Market on May 12, 2025 Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: US$2.55 (vs US$2.23 in FY 2023) Full year 2024 results: EPS: US$2.55 (up from US$2.23 in FY 2023). Revenue: US$184.2m (down 2.6% from FY 2023). Net income: US$61.6m (up 13% from FY 2023). Profit margin: 34% (up from 29% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Annuncio • Feb 28
Legacy Housing Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025 Legacy Housing Corporation announced that they will report fiscal year 2024 results After-Market on Mar 12, 2025 Buy Or Sell Opportunity • Dec 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to €24.40. The fair value is estimated to be €30.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$0.65 (vs US$0.66 in 3Q 2023) Third quarter 2024 results: EPS: US$0.65 (down from US$0.66 in 3Q 2023). Revenue: US$44.3m (down 11% from 3Q 2023). Net income: US$15.8m (down 1.8% from 3Q 2023). Profit margin: 36% (up from 32% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Annuncio • Nov 08
Legacy Housing Corporation, Annual General Meeting, Dec 04, 2024 Legacy Housing Corporation, Annual General Meeting, Dec 04, 2024. Location: offices located at 1600 airport freeway, suite 100, texas 76022, bedford United States Annuncio • Oct 15
Legacy Housing Corporation to Report Q3, 2024 Results on Nov 12, 2024 Legacy Housing Corporation announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.67 (vs US$0.62 in 2Q 2023) Second quarter 2024 results: EPS: US$0.67 (up from US$0.62 in 2Q 2023). Revenue: US$42.5m (down 19% from 2Q 2023). Net income: US$16.2m (up 7.8% from 2Q 2023). Profit margin: 38% (up from 28% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 17
Legacy Housing Corporation to Report Q2, 2024 Results on Aug 08, 2024 Legacy Housing Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$0.62 (vs US$0.67 in 1Q 2023) First quarter 2024 results: EPS: US$0.62 (down from US$0.67 in 1Q 2023). Revenue: US$43.2m (down 18% from 1Q 2023). Net income: US$15.1m (down 7.0% from 1Q 2023). Profit margin: 35% (up from 31% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Annuncio • May 01
Legacy Housing Corporation to Report Q1, 2024 Results on May 09, 2024 Legacy Housing Corporation announced that they will report Q1, 2024 results After-Market on May 09, 2024 Recent Insider Transactions • Mar 26
Independent Director recently bought €95k worth of stock On the 21st of March, Jeffrey Stouder bought around 5k shares on-market at roughly €19.44 per share. This transaction increased Jeffrey's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €7.2m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €19.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 33% over the past three years. New Risk • Mar 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€3.0m sold). Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: US$2.23 (vs US$2.78 in FY 2022) Full year 2023 results: EPS: US$2.23 (down from US$2.78 in FY 2022). Revenue: US$189.1m (down 26% from FY 2022). Net income: US$54.5m (down 20% from FY 2022). Profit margin: 29% (up from 26% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Annuncio • Mar 07
Legacy Housing Corporation to Report Fiscal Year 2023 Results on Mar 15, 2024 Legacy Housing Corporation announced that they will report fiscal year 2023 results on Mar 15, 2024 Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €21.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 76% over the past three years. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.60 in 3Q 2022) Third quarter 2023 results: EPS: US$0.66 (up from US$0.60 in 3Q 2022). Revenue: US$49.9m (down 13% from 3Q 2022). Net income: US$16.1m (up 9.2% from 3Q 2022). Profit margin: 32% (up from 26% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 04
Legacy Housing Corporation, Annual General Meeting, Dec 01, 2023 Legacy Housing Corporation, Annual General Meeting, Dec 01, 2023, at 10:00 Central Standard Time. Location: our offices located at 1600 Airport Freeway, Suite 100 Bedford Texas United States Agenda: To consider the election of five directors for a term of one year or until their successors are elected and qualified (the “election of directors”); and to discuss other matters. Annuncio • Oct 25
Legacy Housing Corporation to Report Q3, 2023 Results on Nov 09, 2023 Legacy Housing Corporation announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Annuncio • Sep 13
Legacy Housing Corporation Announces Executive Changes Legacy Housing Corporation announced that Jeff Fiedelman has joined the Company as Chief Financial Officer (CFO).,Mr. Fiedelman replaces Ronald Arrington, who stepped down as CFO on September 11, 2023. Duncan continued, I want to thank Ron for his dedicated service to Legacy and wish him great success in future endeavors. Mr. Fiedelman (54) is a seasoned executive with over thirty years of experience in finance, strategy, and operations. He has extensive experience with global companies, both public and private, in many industries including manufacturing, distribution, technology, and food &beverage. He has held leadership roles in corporate finance, global financial operations and accounting, capital markets, product management, and manufacturing operations. Most recently, he managed his own consulting firm that provided CFO and transactional advisory services to middle market companies. Previously, he served as CFO of Pioneer Wine &Spirits, Oryon Technologies, and Substrate Technologies. Mr. Fiedelman earned a BS in Electrical Engineering from Stanford University and an MBA from The Wharton School of the University of Pennsylvania. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.62 (vs US$0.71 in 2Q 2022) Second quarter 2023 results: EPS: US$0.62 (down from US$0.71 in 2Q 2022). Revenue: US$52.6m (down 18% from 2Q 2022). Net income: US$15.0m (down 13% from 2Q 2022). Profit margin: 28% (up from 27% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 26
Legacy Housing Corporation to Report Q2, 2023 Results on Aug 09, 2023 Legacy Housing Corporation announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Recent Insider Transactions • Jul 06
Founder recently sold €233k worth of stock On the 30th of June, Kenneth Shipley sold around 11k shares on-market at roughly €21.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €624k. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €6.1m. Recent Insider Transactions • Jun 19
Key Executive recently sold €193k worth of stock On the 14th of June, Curtis Hodgson sold around 10k shares on-market at roughly €19.88 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €624k. Curtis has been a net seller over the last 12 months, reducing personal holdings by €4.6m. Recent Insider Transactions • Jun 12
Key Executive recently sold €332k worth of stock On the 6th of June, Curtis Hodgson sold around 17k shares on-market at roughly €19.07 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €624k. Curtis has been a net seller over the last 12 months, reducing personal holdings by €4.4m. Recent Insider Transactions • May 18
Key Executive recently sold €624k worth of stock On the 16th of May, Curtis Hodgson sold around 31k shares on-market at roughly €20.26 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Curtis has been a net seller over the last 12 months, reducing personal holdings by €3.5m. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.66 in 1Q 2022) First quarter 2023 results: EPS: US$0.67 (up from US$0.66 in 1Q 2022). Revenue: US$52.9m (down 12% from 1Q 2022). Net income: US$16.3m (up 1.1% from 1Q 2022). Profit margin: 31% (up from 27% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany. Recent Insider Transactions • Apr 10
Founder recently sold €121k worth of stock On the 6th of April, Kenneth Shipley sold around 6k shares on-market at roughly €20.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €544k. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €4.5m. Recent Insider Transactions • Mar 19
Founder recently sold €86k worth of stock On the 16th of March, Kenneth Shipley sold around 4k shares on-market at roughly €19.79 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €544k. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €3.7m. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$2.78 (vs US$2.06 in FY 2021) Full year 2022 results: EPS: US$2.78 (up from US$2.06 in FY 2021). Revenue: US$257.0m (up 30% from FY 2021). Net income: US$67.8m (up 36% from FY 2021). Profit margin: 26% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Recent Insider Transactions • Mar 03
Founder recently sold €544k worth of stock On the 1st of March, Kenneth Shipley sold around 29k shares on-market at roughly €18.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €2.6m. Recent Insider Transactions • Feb 10
Founder recently sold €398k worth of stock On the 7th of February, Kenneth Shipley sold around 20k shares on-market at roughly €19.89 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.60 (vs US$0.61 in 3Q 2021) Third quarter 2022 results: EPS: US$0.60. Revenue: US$57.3m (up 1.5% from 3Q 2021). Net income: US$14.7m (flat on 3Q 2021). Profit margin: 26% (in line with 3Q 2021). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Consumer Durables industry in Germany. Annuncio • Nov 09
Legacy Housing Corporation (NasdaqGS:LEGH) announces an Equity Buyback for $10 million worth of its shares. Legacy Housing Corporation (NasdaqGS:LEGH) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The repurchase program will be in effect until October 31, 2025. Annuncio • Nov 05
Legacy Housing Corporation, Annual General Meeting, Nov 29, 2022 Legacy Housing Corporation, Annual General Meeting, Nov 29, 2022, at 14:00 Central Standard Time. Location: 1600 Airport Freeway, Suite 100 Bedford, Texas 76022 Texas United States Agenda: To approve the election of five directors to the board of directors; and to consider the ratification of the appointment of daszkal boloton, llp as auditors of the company for 2022. Annuncio • Nov 03
Legacy Housing Corporation to Report Q3, 2022 Results on Nov 08, 2022 Legacy Housing Corporation announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Recent Insider Transactions • Sep 29
Key Executive recently sold €181k worth of stock On the 27th of September, Curtis Hodgson sold around 10k shares on-market at roughly €18.13 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Curtis has been a net seller over the last 12 months, reducing personal holdings by €327k. Annuncio • Sep 24
Legacy Housing Reports Second Quarter 2022 Financial Results and Regains Compliance with SEC Filings Legacy Housing Corporation announced its financial results for the Second quarter ended June 30, 2022. Duncan Bates, President and Chief Executive Officer, stated: “Our team has been running hard all summer to publish Legacy’s delayed SEC filings and regain NASDAQ compliance. Ron Arrington has done a nice job leading the accounting department and working with our new auditors. Legacy plans to file its Third quarter results on-time and will resume quarterly earnings calls with investors beginning next quarter. With this hurdle behind us, I look forward to working with Curt and Kenny to execute Legacy’s growth plan and create value for our shareholders”. Reported Earnings • Sep 13
First quarter 2022 earnings released: EPS: US$0.66 (vs US$0.37 in 1Q 2021) First quarter 2022 results: EPS: US$0.66 (up from US$0.37 in 1Q 2021). Revenue: US$59.9m (up 50% from 1Q 2021). Net income: US$16.1m (up 78% from 1Q 2021). Profit margin: 27% (up from 23% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Annuncio • Aug 17
Legacy Housing Corporation Provides Earnings Guidance for the Six Months Ended June 30, 2022 Legacy Housing Corporation provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects revenue of $120 million to $122 million and income before taxes of $37 million to $39 million. Annuncio • May 25
Legacy Housing Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q Legacy Housing Corporation received a notice on May 17, 2022 from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the "Form 10-Q") the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. As announced on April 6, 2022, the Company had previously received a notice from Nasdaq indicating that as a result of not having timely filed its Annual Report on Form 10-K for the period ended December 31, 2021 (the "Form 10-K"), it was not in compliance with Nasdaq Listing Rule 5250(c)(1). Under the Nasdaq Listing Rules, the Company has until May 31, 2022 to submit to Nasdaq a plan to regain compliance. If the Company is unable to file the Form 10-K and 10-Q by May 31, 2022, the Company intends to submit such a plan to Nasdaq on or before the deadline. If Nasdaq accepts the Company's plan, it can grant an exception of up to 180 calendar days from the due date of the Form 10-K, or September 27, 2022, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel and any delisting or suspension action would be stayed pending the hearing and the expiration of any additional extension granted by the Nasdaq Hearings Panel . The Company intends on filing the Form 10-K and Form 10-Q as soon as practicable in order to regain compliance. The notice has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Global Market. Annuncio • May 24
Legacy Housing Receives Notice of Nasdaq Deficiency Related to Delayed Filing of Quarter Report Legacy Housing Corporation received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the "Form 10-Q") the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. As announced on April 6, 2022, the Company had previously received a notice from Nasdaq indicating that as a result of not having timely filed its Annual Report on Form 10-K for the period ended December 31, 2021 (the "Form 10-K"), it was not in compliance with Nasdaq Listing Rule 5250(c)(1). Under the Nasdaq Listing Rules, the Company has until May 31, 2022 to submit to Nasdaq a plan to regain compliance. If the Company is unable to file the Form 10-K and 10-Q by May 31, 2022, the Company intends to submit such a plan to Nasdaq on or before the deadline. If Nasdaq accepts the Company's plan, it can grant an exception of up to 180 calendar days from the due date of the Form 10-K, or September 27, 2022, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel and any delisting or suspension action would be stayed pending the hearing and the expiration of any additional extension granted by the Nasdaq Hearings Panel . The Company intends on filing the Form 10-K and Form 10-Q as soon as practicable in order to regain compliance. The notice has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Global Market. Annuncio • May 12
Legacy Housing Corporation announced delayed 10-Q filing On 05/11/2022, Legacy Housing Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annuncio • Apr 07
Legacy Housing Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10K On April 1, 2022, Legacy Housing Corporation (the "Company") received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Annual Report on Form 10-K for the period ended December 31, 2021 (the "Form 10-K"), the Company is not in compliance with the continued listing requirements of Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission. The Company previously reported that it anticipated a delay in filing the Form 10-K, as disclosed in the Company's Current Report on Form 8-K filed on March 31, 2022. Under the Nasdaq Listing Rules, the Company has until May 31, 2022, to submit to Nasdaq a plan to regain compliance. If the Company is unable to file the Form 10-K by May 31, 2022, the Company intends to submit such a plan to Nasdaq on or before the deadline. If Nasdaq accepts the Company's plan, it can grant an exception of up to 180 calendar days after the applicable due date for the filing of the Form 10-K, or until September 27, 2022, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Market. Annuncio • Mar 06
Legacy Housing Corporation Announces Executive Changes On February 28, 2022, Thomas J. Kerkaert notified the Board of Directors of Legacy Housing Corporation that he has elected to resign as Chief Financial Officer (“CFO”), effective March 18, 2022. Mr. Kerkaert’s resignation as CFO is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure, or internal controls. On March 1, 2022, the Company announced the appointment of Jeffrey V. Burt as Interim CFO of the Company, effective March 18, 2022. Mr. Burt joined the Company in September 2010 and currently serves as Chief Accounting Officer. In this capacity, Mr. Burt oversees all accounting functions with respect to manufacturing facilities. Mr. Burt began his career with the Company as Controller from 2010 to 2013, then as Chief Financial Officer and Treasurer from April 2013 to July 2019. Prior to joining the Company, from 1993 to 2009, Mr. Burt served as Vice President and Chief Financial Officer of Kohner Properties, Inc., a company that manages multi-family housing for owners across the central part of the United States. Mr. Burt has more than 20 years of experience in the real estate and manufactured housing industry and has expertise in the areas of accounting systems, performance reporting tools and evaluations of key performance indicators versus a company’s goals. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improved over the past week After last week's 32% share price gain to €23.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Total returns to shareholders of 93% over the past year. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.35 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$56.5m (up 29% from 3Q 2020). Net income: US$14.7m (up 74% from 3Q 2020). Profit margin: 26% (up from 19% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Oct 20
Co-Founder recently sold €147k worth of stock On the 13th of October, Kenneth Shipley sold around 10k shares on-market at roughly €14.72 per share. In the last 3 months, they made an even bigger sale worth €265k. Kenneth has been a seller over the last 12 months, reducing personal holdings by €526k. Recent Insider Transactions • Oct 11
Co-Founder recently sold €265k worth of stock On the 5th of October, Kenneth Shipley sold around 17k shares on-market at roughly €15.24 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS US$0.51 (vs US$0.41 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$48.6m (up 5.6% from 2Q 2020). Net income: US$12.4m (up 24% from 2Q 2020). Profit margin: 26% (up from 22% in 2Q 2020). Annuncio • Mar 18
Legacy Housing Corporation announced delayed annual 10-K filing On 03/17/2021, Legacy Housing Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Feb 25
New 90-day high: €13.70 The company is up 11% from its price of €12.31 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 15% share price gain to US$13.60, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Is New 90 Day High Low • Feb 05
New 90-day high: €12.50 The company is up 6.0% from its price of €11.75 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 28% over the same period. Annuncio • Jan 28
Legacy Housing Corporation(NasdaqGS:LEGH) dropped from Russell 2000 Dynamic Index Legacy Housing Corporation(NasdaqGS:LEGH) dropped from Russell 2000 Dynamic Index Analyst Estimate Surprise Post Earnings • Nov 18
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 3.8%, compared to a 3.6% growth forecast for the Consumer Durables industry in Germany. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS US$0.35 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$43.7m (up 4.3% from 3Q 2019). Net income: US$8.45m (up 38% from 3Q 2019). Profit margin: 19% (up from 15% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 16% share price gain to US$13.86, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 42x in the Consumer Durables industry in Germany.