Legacy Housing Corporation Reports Second Quarter 2022 Financial Results and Regains Compliance with SEC Filings
Comparison of Six Months ended
- Revenue was
$124.1 million, an increase of 40.2% from 2021 1H revenue of $88.5 million.
- Income before tax was
$40.7 million, an increase of 45.2% from 2021 1H income before tax of $28.1 million.
- Net income was
$33.4 million, an increase of 42.8% from 2021 1H net income of $23.3 million.
- Fully diluted earnings per share was
$1.35, an increase of 40.1% from 2021 1H earnings per share of $0.96.
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.
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 sixth 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