Legacy Housing Corporation Reports Full Year 2025 Financial Results
Rhea-AI Summary
Legacy Housing (NASDAQ: LEGH) reported full-year 2025 results on March 12, 2026. Net revenue was $164.6 million, down 10.7% year-over-year. Income from operations was $48.4 million (-23.9%) and net income was $41.8 million (-32.2%).
The company generated $37.2 million in cash from operations, repurchased 346,406 shares for $7.6 million, and completed the acquisition of certain assets of AmeriCasa Solutions effective November 1, 2025, to expand Texas distribution and financing capabilities. Book value per share rose to $22.20 (+8.6%). A conference call is scheduled March 13, 2026 at 11:00 AM CT.
Positive
- Generated $37.2 million in cash from operations during 2025
- Completed asset acquisition of AmeriCasa effective November 1, 2025
- Returned $7.6 million to shareholders via share repurchases
- Book value per share increased to $22.20 (+8.6%)
Negative
- Net revenue declined 10.7% year-over-year to $164.6 million
- Income from operations fell 23.9% to $48.4 million
- Net income decreased 32.2% to $41.8 million
- Basic EPS declined 31.8% to $1.74
Key Figures
Market Reality Check
Peers on Argus
LEGH was down 1.05% ahead of earnings while peers showed mixed moves: BZH -2.02%, DFH -0.54%, but HOV +0.94%, LGIH +0.17%, CVCO +0.25%. This points to a company-specific setup rather than a broad sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 07 | Quarterly earnings | Negative | -6.0% | Q3 2025 revenue, deliveries and earnings declined; leadership changes announced. |
| Aug 07 | Quarterly earnings | Neutral | +3.8% | Q2 2025 showed higher revenue and operating income but lower net income and EPS. |
| May 12 | Quarterly earnings | Negative | -8.5% | Q1 2025 saw double‑digit declines in revenue, operating income, and net income. |
| Mar 12 | Annual earnings | Positive | +2.7% | Full-year 2024 delivered higher net income, EPS and book value despite softer revenue. |
| Nov 12 | Quarterly earnings | Negative | -2.4% | Q3 2024 revenue and operating income declined while book value continued to rise. |
Earnings updates often paired revenue/earnings pressure with book value growth, and the stock has typically moved in the same direction as the earnings tone.
Over the past year, Legacy’s earnings releases have highlighted a mix of softening revenue and income with consistent book value growth. Full-year 2024 results showed revenue and operating income declines but stronger net income, EPS and book value. Through Q1–Q3 2025, revenue and profit trends weakened while book value per share continued to rise. Today’s full-year 2025 report, combining lower revenue and earnings with higher book value, extends this pattern and follows prior quarters where the market generally aligned with the earnings tone.
Historical Comparison
Across the last five earnings releases, LEGH’s average one-day move was -2.09%, with reactions generally matching the positive or negative tone of each update.
Earnings releases from late 2024 through 2025 show revenue and profit pressure but steady gains in book value per share, with 2025 quarters extending the shift toward a balance‑sheet strength narrative.
Market Pulse Summary
This announcement outlines full-year 2025 results marked by lower net revenue, operating income, net income and EPS, offset by an 8.6% increase in book value per share to $22.20. Management highlighted $37.2M in operating cash flow, $7.6M of share repurchases, and the AmeriCasa asset acquisition to expand distribution and financing. Investors may focus on how Legacy balances near-term earnings pressure with balance‑sheet strength and execution on its expanded platform.
AI-generated analysis. Not financial advice.
BEDFORD, Texas, March 12, 2026 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the “Company” or “Legacy”, NASDAQ: LEGH) today announced its financial results for the full year ended December 31, 2025.
Financial Highlights
- Net revenue for the year ended 2025 was
$164.6 million , a decrease of10.7% from the year ended 2024. - Income from operations for the year ended 2025 was
$48.4 million , a decrease of23.9% from the year ended 2024. - Net income for the year ended 2025 was
$41.8 million , a decrease of32.2% from the year ended 2024. - Basic earnings per share for the year ended 2025 was
$1.74 , a decrease of31.8% from the year ended 2024. - Book value per share for the year ended 2025 was
$22.20 , an increase of8.6% from the year ended 2024. - Acquired certain assets of AmeriCasa Solutions LLC effective November 1, 2025, expanding our distribution and financing capabilities in Texas.
- Repurchased 346,406 shares of common stock for
$7.6 million during 2025.
Kenneth E. Shipley, Chief Executive Officer, stated: “While 2025 presented real headwinds — a slower market for manufactured homes, higher input costs driven by tariffs and inflation, and meaningful leadership transitions — Legacy navigated the year from a position of financial strength. We generated
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 11:00 AM Central Time on Friday, March 13, 2026. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link.
About Legacy Housing Corporation
Legacy Housing Corporation builds, sells, and finances manufactured homes and “Tiny Houses” distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is one of the largest producers of manufactured homes in the United States. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 395 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3½ bathrooms. Our homes range in price, at retail, from approximately
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.
Investor Inquiries:
Kenneth E. Shipley, (817) 799-4900
ir@legacyhousingcorp.com
Media Inquiries:
Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com
FAQ
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