Legacy Housing Corporation Reports Third Quarter 2025 Financial and Operating Results

Rhea-AI Summary

Legacy Housing (Nasdaq: LEGH) reported third-quarter 2025 results for the period ended September 30, 2025. The company recorded product sales of $28.8 million (down 4.6% year-over-year) and delivered 420 floor sections versus 475 in the prior-year period. Book value per share rose 10.2% year-over-year, highlighting balance-sheet resilience.

After quarter-end, the company announced departures of the CEO, CFO and general counsel and the return of founders Kenneth Shipley and Curtis Hodgson, who said management will prioritize cost discipline and sales expansion. Orders from a late-September industry show support Texas plants running at a typical 3–4 floors per day pace through year-end. A conference call is scheduled for Nov 10, 2025 at 10:30 AM CT.

Positive

• Book value per share +10.2% year-over-year
• Orders from September show to run plants 3–4 floors/day
• Founders returned, refocusing on cost discipline and sales

Negative

• Product sales $28.8M, down 4.6% year-over-year
• Deliveries fell to 420 floor sections from 475 prior-year
• Departure of CEO, CFO and general counsel after quarter-end

Insights

Equity Analyst

Results show revenue and volumes slipped, book value rose, but major executive departures create uncertainty near year-end.

Legacy Housing reported third-quarter product sales of $28.8 million and delivered 420 floor sections versus 475 a year earlier, a 4.6% drop in sales and lower unit volumes offset by higher net revenue per unit. The company highlights a 10.2% year‑over‑year increase in book value per share, which signals balance‑sheet strength on a per‑share basis.

Leadership turnover is material: the CEO, CFO and General Counsel departed after quarter‑end, with founders returning to lead a renewed focus on cost control and sales. That change raises execution risk for integration of strategy and sustaining the claimed operational improvements. Management cites orders from a late‑September show that should support Texas plants running at 3–4 floors per day through year‑end, which, if realized, would represent meaningful near‑term volume recovery versus the quarter.

Watch the conference call on November 10, 2025 for clarity on transition plans, near‑term production guidance, and whether orders translate into booked revenue and steady plant utilization. Key monitorables over the next 30–90 days: confirmation of sustained order conversion, any interim finance leadership appointment, and whether the book value trend continues into year‑end.

Legacy Housing’s book value per share rose by 10.2% year-over-year, reflecting ongoing financial resilience.

BEDFORD, Texas, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy Housing” or the “Company,” Nasdaq: LEGH), a leading manufacturer of community-focused manufactured homes, today announced financial results for the third quarter ended September 30, 2025. The Company reported product sales of $28.8 million, a decrease of 4.6% compared to the same period last year. The quarter saw a delivery of 420 floor sections, down from 475 in the prior-year period, continuing a trend of lower unit volumes with increased net revenue per unit. Despite these challenges, Legacy Housing’s book value per share⁽¹⁾ rose by 10.2% year-over-year, reflecting ongoing financial resilience.

Following the end of the quarter, Legacy Housing experienced significant executive transitions, with the departures of its Chief Executive Officer, Chief Financial Officer and General Counsel. The return of founders Kenneth Shipley and Curtis Hodgson has Legacy Housing refocused on both cost discipline and expanding sales opportunities as the year-end approaches.

Curt Hodgson, Executive Chairman, commented: “We are very focused on getting back to basics: providing great value for our customers, controlling costs and delivering profits for our investors.”

The Company held a major industry show in late September that generated enough orders to ensure both Texas manufacturing facilities run at their typical pace of 3 to 4 floors per day through year-end, a rate exceeding that of the third quarter. Management views this as evidence of improving sales momentum and a positive step as the Company moves into the final months of 2025.

Legacy Housing maintains a robust balance sheet and continues to prioritize operational efficiency, with its Texas plants supported by recent order activity. “Legacy homes are taller, wider and better,” said founder and Interim CEO Kenny Shipley. “As part of our Legacy 250 initiative, we continue to push our pace of innovation.”

Conference Call Information

Management will host a conference call to discuss the results at 10:30 AM Central Time on Monday, November 10, 2025. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details.

About Legacy Housing Corporation

Legacy Housing Corporation is a leading provider of affordable manufactured homes in the United States, with a focus on quality, value and customer service. It 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 Housing 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 3-1/2 bathrooms. Our homes range in price, at retail, from approximately $33,000 to $180,000. The company’s shares trade on the Nasdaq Global Market under the ticker symbol LEGH.

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 Housing 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.

Media Inquiries
Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com

(1)		Book value per share is a non-GAAP financial measure, and we define book value per share as total stockholders’ equity divided by basic weighted-average common shares outstanding.

FAQ

What did Legacy Housing (LEGH) report for Q3 2025 product sales?

Legacy Housing reported $28.8 million in product sales for Q3 2025, a 4.6% decline year-over-year.

How many floor sections did Legacy Housing (LEGH) deliver in Q3 2025?

The company delivered 420 floor sections in Q3 2025 versus 475 in the prior-year period.

What change occurred to Legacy Housing (LEGH) book value per share in Q3 2025?

Book value per share increased by 10.2% year-over-year in Q3 2025.

What executive changes did Legacy Housing (LEGH) announce after Q3 2025?

After the quarter, Legacy Housing announced the departures of its CEO, CFO and general counsel and the return of founders Kenneth Shipley and Curtis Hodgson.

Will Legacy Housing (LEGH) manufacturing run at full pace through year-end 2025?

Management said orders from a late-September show support Texas plants running at 3–4 floors per day through year-end 2025.

When is Legacy Housing (LEGH) hosting a conference call to discuss Q3 2025 results?

The company will host a conference call on Monday, November 10, 2025 at 10:30 AM Central Time.