Legacy Housing Corporation Reports Second Quarter 2023 Financial Results
- Net revenue for the second quarter of 2023 was
$52.6 million, a decrease of 18.0% from the second quarter of 2022.
- Income from operations for the second quarter of 2023 was
$17.5 million, a decrease of 14.5% from the second quarter of 2022.
- Net income for the second quarter of 2023 was
$15.0 million, a decrease of 13.0% from the second quarter of 2022.
- Basic earnings per share for the second quarter of 2023 was
$0.62, a decrease of 12.7% from the second quarter of 2022.
- Book value for the second quarter of 2023 was
$413.2 million, an increase of 8.1% from the fourth quarter of 2022.
- Book value per share for the second quarter of 2023 was
$16.94, an increase of 8.0% from the fourth quarter of 2022.
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