Legacy Housing Q1 profit rises; gets advance for Q2 order

Legacy Housing (Texas)

07/05/2026 23:08

Overview

US manufactured home builder's Q1 revenue fell 3.7% yr/yr, net income and EPS rose

Company received $7.1 mln advance deposit for large workforce housing order, deliveries to begin Q2

Repurchased 30,740 shares for $573,000 under $10 mln buyback program

Outlook

Company expects deliveries on large workforce housing order to begin in Q2 2026

Company says it remains confident in long-term demand for affordable manufactured housing

Result Drivers

RETAIL AND DIRECT SALES - Co said retail and direct sales channels showed strength in Q1

LOAN PORTFOLIOS - Co said loan portfolios continued to perform well in Q1

WORKFORCE HOUSING ORDER - Co received $7.1 mln advance deposit for large workforce housing order, deliveries to begin Q2

Company press release: ID:nGNX29XvDF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$34.40 mln
Q1 Net Income
$10.90 mln
Q1 Basic EPS
$0.46
Q1 Operating Income
$12.40 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)