Legacy Housing Corporation Reports Third Quarter 2022 Financial Results and Announces $10,000,000 Stock Repurchase Program
- Net revenue for the third quarter of 2022 was
$57.3 million, an increase of 1.5% from the third quarter of 2021.
- Income from operations for the third quarter of 2022 was
$16.9 million, an increase of 10.0% from the third quarter of 2021.
- Net income for the third quarter of 2022 was
$14.7 million, an increase of 13.4% from the third quarter of 2021.
- Basic earnings per share for the third quarter of 2022 was
$0.60, an increase of 11.1% from the third quarter of 2021.
- Book value for the third quarter of 2022 was
$362.2 million, an increase of 22.5% from the third quarter of 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 sixth largest producer of manufactured homes in
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