Legacy Housing Corporation Reports Full Year 2022 Financial Results
Financial Highlights for the Fiscal Year Ended
- Net revenue for the year ended 2022 was
$257.0 million, an increase of 30.1% from the year ended 2021.
- Income from operations for the year ended 2022 was
$78.0 million, an increase of 32.4% from the year ended 2021.
- Net income for the year ended 2022 was
$67.8 million, an increase of 35.9% from the year ended 2021.
- Basic earnings per share for the year ended 2022 was
$2.78, an increase of 35.0% from the year ended 2021.
- Book value for year ended 2022 was
$382.1 million, an increase of 23.5% from the year ended 2021.
- Book value per share for year ended 2022 was
$15.69, an increase of 22.7% from the year ended 2021.
This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Conference Call Information
Management will host a conference call to discuss the results at
Legacy builds, sells, and finances manufactured homes and "tiny houses" that are distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is the fifth largest producer of manufactured homes in
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law. Investors should not place any reliance on any such forward-looking statements.
Source: Legacy Housing Corporation