Legacy Housing Corporation Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
Legacy Housing (Nasdaq: LEGH) reported strong growth for the second quarter ended June 30, 2026. Net revenue was $66.3 million, up 32.3% year over year. Income from operations reached $26.5 million, an increase of 57.3%, while net income was $23.5 million, up 59.8% from the prior-year quarter.
Basic and diluted EPS for Q2 2026 were both $0.99, rising 62.3% and 65.0%, respectively. Book value per share was $23.64 on June 30, 2026, up 6.5% from December 31, 2025. According to the company, Q2 delivered record net income and marked the start of deliveries under a large 2026 workforce housing order, with 113 of 380 units shipped, alongside strong sales to other large customers.
Legacy enters the second half of 2026 with what it describes as a healthy order book and active sales pipeline, and is targeting additional workforce housing opportunities, including projects tied to data center construction.
Positive
- Net revenue $66.3m in Q2 2026, up 32.3% YoY
- Net income $23.5m in Q2 2026, up 59.8% YoY
- Basic EPS $0.99 in Q2 2026, up 62.3% YoY
- Diluted EPS $0.99 in Q2 2026, up 65.0% YoY
- Book value per share $23.64, up 6.5% vs Dec. 31, 2025
- Shipped 113 of 380 units under 2026 workforce housing order
- Company reports record quarterly net income for Q2 2026
Negative
- None.
News Explained
Deliveries have begun under the 380-unit workforce housing order, with 113 units shipped, and management expects the order to be completed during the remainder of
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | First-quarter earnings | Positive | +7.9% | Revenue declined, but operating income, net income, and diluted EPS increased year over year. |
| Mar 12 | Full-year earnings | Negative | -3.2% | Annual revenue, operating income, and net income declined despite higher book value per share. |
| Nov 07 | Third-quarter earnings | Negative | -6.0% | Product sales and deliveries declined while management changes followed the quarter. |
| Aug 07 | Second-quarter earnings | Neutral | +3.8% | Revenue and operating income increased, but net income and basic EPS declined. |
| May 12 | First-quarter earnings | Negative | -8.5% | Revenue, operating income, net income, and basic EPS declined year over year. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
LEGH's earnings announcements produced mixed reactions, with two positive and three negative tag-specific 24-hour moves despite several improving operating metrics.
Key Terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEDFORD, Texas, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the “Company” or “Legacy”, Nasdaq: LEGH) today announced its financial results for the second quarter ended June 30, 2026.
Financial Highlights
- Net revenue for the second quarter of 2026 was
$66.3 million , an increase of32.3% from the second quarter of 2025. - Income from operations for the second quarter of 2026 was
$26.5 million , an increase of57.3% from the second quarter of 2025. - Net income for the second quarter of 2026 was
$23.5 million , an increase of59.8% from the second quarter of 2025. - Basic earnings per share for the second quarter of 2026 was
$0.99 , an increase of62.3% from the second quarter of 2025. Diluted earnings per share was$0.99 , an increase of65.0% from the second quarter of 2025. - Book value per share on June 30, 2026, was
$23.64 , an increase of6.5% from December 31, 2025. - Began deliveries during the second quarter under the previously announced large workforce housing order, shipping 113 of the 380 contracted units; product sales further benefited from strong deliveries to several other large customers. Deliveries under the order are expected to be completed during the remainder of 2026.
- The Company enters the second half of 2026 with a healthy order book and active sales pipeline, and is focused on securing additional workforce housing business, including opportunities tied to data center construction projects.
Kenneth E. Shipley, Chief Executive Officer, stated: “This was a great quarter for Legacy — record net income, a strong backlog, and the first deliveries under our marquee 2026 workforce housing order. Our sales team keeps raising its game, bringing in more and higher-quality leads than ever, and that momentum gives me real confidence heading into the second half. On a personal note, Curt Hodgson and I started this company together and built it side by side all the way to going public. I couldn’t be prouder that, in all those years, Legacy has never had a losing quarter. Curt retired in July, and a quarter like this feels like a fitting tribute to everything we built together. I’m grateful to him, and excited about what’s ahead.”
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 Thursday, August 6, 2026. To access the call, please pre-register using this link. Registrants will receive confirmation with dial-in details.
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 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:
Jon Langbert, (817) 799-4831
jonlangbert@legacyhousingcorp.com
Media Inquiries:
Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com
