Legacy Housing Corp ( (LEGH) ) has released its Q2 earnings. Here is a breakdown of the information Legacy Housing Corp presented to its investors.
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Legacy Housing Corporation is a Texas-based company specializing in the manufacturing and financing of mobile homes, catering to both individual consumers and mobile home parks. The company operates within the housing and financial services sector, offering unique financing solutions for its products.
In its latest earnings report for the quarter ending June 30, 2025, Legacy Housing Corp highlighted a steady performance with a slight increase in net revenue compared to the previous year. Despite a decrease in net income, the company maintained a strong financial position with significant growth in its stockholders’ equity.
Key financial metrics revealed that Legacy Housing’s total net revenue for the quarter was $50.161 million, up from $42.495 million in the same period last year. Product sales contributed significantly to this revenue, with notable increases in inventory finance sales and retail store sales. However, the company’s net income decreased to $14.695 million from $16.189 million in the previous year, attributed to increased operating expenses and reduced other income.
The company’s balance sheet remains robust, with total assets increasing to $551.985 million from $534.194 million at the end of 2024. Legacy Housing’s strategic focus on expanding its consumer and mobile home park loan portfolios has been evident, with consumer loans receivable and notes receivable from mobile home parks showing considerable growth.
Looking ahead, Legacy Housing Corporation’s management remains optimistic about its growth prospects, focusing on expanding its market reach and enhancing its financial services offerings. The company aims to leverage its strong asset base and strategic initiatives to drive future growth and shareholder value.