Legacy Housing Corp (LEGH)
NASDAQ:LEGH
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.64Last Year’s EPS
0.61Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The quarter presents a mixed but resilient picture: operational wins (notably strong retail/direct growth, solid credit quality, increased cash and available liquidity, margin support from lower SG&A and tax benefits, and a sizable workforce housing backlog) offset several material headwinds (top-line decline, lower unit shipments, a steep drop in inventory finance sales, rising finished-goods inventory, tariff-driven input-cost pressure, geographic weakness in Georgia, and near-term tax credit expiration). Management is optimistic about near-term deliveries (especially related to Texas/data-center and oilfield demand) and is executing on cost controls and share repurchases, but notable risks and execution items remain.Company Guidance
Solid EPS and Per-Share Performance
Diluted EPS of $0.46, up from $0.41 year-over-year (≈12% increase as reported), driven by margin improvements, lower SG&A and a lower effective tax rate.
Strong Retail and Direct Channel Growth
Retail store sales nearly doubled, up 81% to $6.1M; direct sales up 80% to $2.7M, reflecting successful expansion of company-owned distribution and closer end-consumer access.
Loan Portfolio Income and Credit Quality
Loan portfolio interest income of $11.3M, up 6.2%. Consumer portfolio totaled $204.8M, mobile home park notes $199.5M. More than 97% of consumer loans and park notes were less than 30 days past due, indicating strong credit performance.
Improved Cash Position and Liquidity
Cash increased to $14.1M from $8.5M at year end on $7.0M operating cash flow. $50M revolver had less than $1M drawn (≈$49M available). Company in compliance with covenants.
Capital Allocation: Share Repurchases Restarted
Repurchased ~31,000 shares for ~$0.6M during the quarter under a $10.0M authorization, with ~$9.4M remaining authorization through Feb 2029.
Cost Control and Margin Support
Cost of product sales declined 13.1% (in line with lower volumes) and SG&A fell 8.3% to $5.8M; company expects further SG&A reductions (~10% target by year end).
Substantial Workforce Housing Backlog
Nonrefundable deposits ~ $8.0M in the quarter for large workforce housing orders; management later indicated ~600 units with deposits, expecting roughly half to ship in Q2 and recognition largely in calendar 2026 — described as high-margin business.
Balance Sheet Strength and Equity Growth
Total stockholders’ equity rose to $539.0M from $528.6M at year end; overall balance sheet described as conservatively capitalized with essentially no long-term debt.
LEGH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LEGH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $21.57 | $23.28 | +7.93% |
Mar 12, 2026 | $19.41 | $18.79 | -3.19% |
Nov 07, 2025 | $22.22 | $20.88 | -6.03% |
Aug 07, 2025 | $23.59 | $24.49 | +3.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Legacy Housing Corp (LEGH) report earnings?
Legacy Housing Corp (LEGH) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Legacy Housing Corp (LEGH) earnings time?
Legacy Housing Corp (LEGH) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEGH EPS forecast?
LEGH EPS forecast for the fiscal quarter 2026 (Q2) is 0.64.