Summary
Legacy Housing Corporation: Future Growth Prospects Are Compelling
Legacy Housing Corporation remains a "Buy" despite recent revenue and profit declines, supported by a strong balance sheet and attractive valuation. LEGH's Q3 results showed unit sales dropping from 475 to 420, but average revenue per unit rose to $68,500, reflecting pricing power amid industry headwinds. Growth prospects are underpinned by recent acquisitions (AmeriCasa, FutureHomeX, Houston lot), expected to boost retail unit sales by 50%–60% next year.
Legacy Housing Corporation (LEGH) Q3 2025 Earnings Call Transcript
Legacy Housing Corporation ( LEGH ) Q3 2025 Earnings Call November 10, 2025 11:30 AM EST Company Participants Curtis Hodgson - Co-Founder & Executive Chairman Ronald Arrington - Interim CFO, Principal Financial & Accounting Officer Conference Call Participants Dan Moore - CJS Securities, Inc. Alexander Rygiel - Texas Capital Securities, Research Division Mark Smith - Lake Street Capital Markets, LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Legacy Housing Corporation Third Quarter 2025 Earnings Conference Call.
Legacy Housing (LEGH) Lags Q3 Earnings and Revenue Estimates
Legacy Housing (LEGH) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.64 per share a year ago.
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Legacy Housing Corporation Profile
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Kenneth E. Shipley CEO | NASDAQ (NGS) Exchange | 52472M101 CUSIP |
| US Country | 594 Employees | - Last Dividend | - Last Split | 14 Dec 2018 IPO Date |
Overview
Legacy Housing Corporation is a prominent entity in the manufacturing and financing of manufactured homes and tiny houses, predominantly serving the southern United States. Established in 2005, the company has carved a niche for itself by creating accessible, high-quality mobile homes and offering comprehensive financial solutions to its customers. Based in Bedford, Texas, Legacy Housing Corporation boasts a robust business model that encompasses the construction, sale, and financing of mobile homes, coupled with strategic investments in the development of new manufactured home communities. Capitalizing on a strong network of independent retailers, company-owned stores, and engagements with manufactured housing community owners, Legacy Housing continues to expand its market footprint under the distinguished Legacy brand.
Products and Services
Manufactured Homes and Tiny Houses: Legacy Housing Corporation specializes in the construction of manufactured homes and tiny houses designed for the modern consumer. These homes range from 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms, catering to various family sizes and housing needs. The homes are transportable, making relocation and installation streamlined for homebuyers.
Wholesale and Retail Financing: A pivotal aspect of the company's operation is its financing service. For dealers and mobile home parks, Legacy offers wholesale financing solutions, facilitating the acquisition and distribution of mobile homes. Concurrently, the company provides retail financing to consumers, making homeownership accessible for a wider demographic by easing the financial burden of upfront costs.
Inventory Financing for Retailers: To support its independent retailers, Legacy Housing extends inventory financing. This service enables retailers to maintain a diverse and ample selection of homes, ensuring that potential homeowners have access to various models and specifications without financial strain on the retailer.
Consumer Financing: Direct consumer financing is another cornerstone service offered by Legacy Housing, enabling individuals to purchase their dream home through manageable payment plans. This consumer-centric approach helps break down the financial barriers to homeownership.
Financing to Manufactured Housing Community Owners: Legacy Housing also provides specialized financing options to owners of manufactured housing communities. This includes financing for the purchase or lease of Legacy's products for use in rental housing communities, supporting the expansion and enhancement of these communities.
Development of Manufactured Home Communities: Apart from its manufacturing and financing endeavors, Legacy Housing engages in the financing and development of new manufactured home communities. This initiative not only expands the company's real estate portfolio but also meets the growing demand for affordable, quality housing solutions.
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