Legacy Housing Q2 revenue rises

Legacy Housing (Texas)

05/08/2026 21:52

Overview
US manufactured home builder's Q2 revenue rose 32% yr/yr on strong workforce housing deliveries
Q2 net income grew 60% yr/yr, with diluted EPS up 65%
Company enters H2 2026 with strong backlog and active sales pipeline

Outlook
Company expects to complete deliveries under large workforce housing order during remainder of 2026
Legacy enters second half of 2026 with a healthy order book and active sales pipeline
Company is focused on securing additional workforce housing business, including data center construction projects

Result Drivers
WORKFORCE HOUSING DELIVERIES - Co began deliveries under a large workforce housing order, shipping 113 of 380 contracted units in Q2
LARGE CUSTOMER SALES - Product sales benefited from strong deliveries to several other large customers
ORDER BOOK AND PIPELINE - Co enters H2 2026 with a healthy order book and active sales pipeline, focused on workforce housing tied to data center construction projects

Company press release: ID:nGNX9XhYPT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$66.3 mln
$64.08 mln (2 Analysts)
Q2 Net Income
 
$23.5 mln
 
Q2 Diluted EPS
 
$0.99
 
Q2 Operating Income
 
$26.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "hold."
Wall Street's median 12-month price target for Legacy Housing Corp (Texas) is $27.00, about 1% below its August 4 closing price of $27.26
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 4 - Champion Homes Q1 sales, profit beat estimates
Aug 3 - Sterling Infrastructure Q2 revenue beats estimates on E-Infrastructure growth
Aug 4 - Texas governor orders pause on new data center approvals pending audit

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)