Legacy Housing Corporation Reports Third Quarter 2026 Financial Results

Management described a softer retail market while planning additional capacity through investment in plants and people.

Rhea-AI Summary

Legacy Housing (Nasdaq: LEGH) reported third-quarter 2026 net revenue of $69.7 million, up from the same quarter a year earlier. Revenue rose 72.2%, operating income increased 141.4% to $23.4 million, and net income climbed 132.8% to $20.1 million. Diluted earnings per share reached $0.85, up 142.9%. Product sales rose 91.7% to $55.2 million, with 635 homes sold versus 420.

For the first nine months of 2026, revenue increased 34.9% to $170.4 million, net income rose 62.2% to $54.5 million, and diluted earnings per share increased 67.2% to $2.29. Book value per share was $24.49 on September 30, up 10.3% from December 31, 2025. Quarter-end cash and short-term investments totaled $36.1 million, with no revolving credit facility borrowings. Legacy expects its 350-plus-acre Bastrop community to open for lot and home sales in 2027.

15 points · 0 major

PositiveiHow this balance works

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter revenue increased 72.2% year over year to $69.7 million.
• Moderate pointThird-quarter operating income rose 141.4% year over year to $23.4 million.
• Moderate pointThird-quarter net income increased 132.8% year over year to $20.1 million.
• Moderate pointThird-quarter diluted earnings per share rose 142.9% year over year to $0.85.
• Moderate pointBook value per share reached $24.49 on September 30, 2026, up 10.3% from December 31, 2025.

10 minor points

• Minor pointThird-quarter basic earnings per share increased 136.1% year over year to $0.85.
• Minor pointThird-quarter product sales increased 91.7% year over year to $55.2 million.
• Minor pointHomes sold reached 635 in the third quarter, compared with 420 in the third quarter of 2025.
• Minor pointNine-month revenue increased 34.9% from the first nine months of 2025 to $170.4 million.
• Minor pointNine-month net income rose 62.2% from the first nine months of 2025 to $54.5 million.
• Minor pointNine-month diluted earnings per share rose 67.2% to $2.29, compared with $1.37 in the first nine months of 2025.
• Minor pointNo debt was reported by management; quarter-end revolving credit facility borrowings were zero.
• Minor point. Forward-looking: it has not happened yet and may not happen.Bastrop community is expected to open its 350-plus acres for lot and home sales in 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.Capacity expansion through investment in plants and people is management's stated plan.
• Minor pointHeritage stores grew sales, management said.

Negative

• Minor pointSofter retail market is the operating environment described by management.

Key Figures

Net revenue: $69.7 million; up 72.2% Income from operations: $23.4 million; up 141.4% Net income: $20.1 million; up 132.8% +5 more

Net revenue

$69.7 million; up 72.2%

Third quarter 2026 vs. third quarter 2025

Income from operations

$23.4 million; up 141.4%

Third quarter 2026 vs. third quarter 2025

Net income

$20.1 million; up 132.8%

Third quarter 2026 vs. third quarter 2025

Diluted EPS

$0.85; up 142.9%

Third quarter 2026 vs. third quarter 2025

Product sales

$55.2 million; up 91.7%

Third quarter 2026 vs. third quarter 2025

Homes sold

635 homes vs. 420 homes

Third quarter 2026 vs. third quarter 2025

Cash and short-term investments

$36.1 million

At quarter-end; no borrowings on the revolving credit facility

Book value per share

$24.49; up 10.3%

September 30, 2026 vs. December 31, 2025

Previous Earnings Reports

3 past events · Latest: Aug 05

Same Type 3 events

1. Aug 05

   Second-quarter earnings

   24h Move

   +5.0%

   Revenue, operating income, net income and EPS all increased year over year.

2. Mar 12

   Full-year earnings

   24h Move

   -3.2%

   Revenue, operating income and net income declined year over year.

3. Nov 07

   Third-quarter earnings

   24h Move

   -6.0%

   Product sales and delivered floor sections were lower year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

diluted earnings per share, revolving credit facility

2 terms

diluted earnings per share financial

"Diluted earnings per share was $0.85, an increase of 142.9%"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

revolving credit facility financial

"no borrowings on its revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

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BEDFORD, Texas, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the “Company” or “Legacy”, Nasdaq: LEGH) today announced its financial results for the third quarter ended September 30, 2026.

Financial Highlights

• Net revenue for the third quarter of 2026 was $69.7 million, an increase of 72.2% from the third quarter of 2025.
• Income from operations for the third quarter of 2026 was $23.4 million, an increase of 141.4% from the third quarter of 2025.
• Net income for the third quarter of 2026 was $20.1 million, an increase of 132.8% from the third quarter of 2025.
• Basic earnings per share for the third quarter of 2026 was $0.85, an increase of 136.1% from the third quarter of 2025. Diluted earnings per share was $0.85, an increase of 142.9% from the third quarter of 2025.
• Net revenue for the first nine months of 2026 was $170.4 million, an increase of 34.9% from the first nine months of 2025. Net income for the first nine months of 2026 was $54.5 million, an increase of 62.2%, and diluted earnings per share was $2.29, compared to $1.37, an increase of 67.2%.
• Book value per share on September 30, 2026, was $24.49, an increase of 10.3% from December 31, 2025.
• Product sales for the third quarter of 2026 were $55.2 million, an increase of 91.7% from the third quarter of 2025. The Company sold 635 homes in the third quarter, compared to 420 in the third quarter of 2025.
• The Company ended the quarter with $36.1 million in cash and short-term investments and no borrowings on its revolving credit facility.

Kenneth E. Shipley, Chairman and Chief Executive Officer, stated: “Strong home sales led the quarter, and the rest of the business did its job too. Our Heritage stores grew sales while making room for our 2027 models, and our consumer loan portfolio continues to perform. We’re working closely with our dealers in a softer retail market. Looking ahead, we expect to open our 350-plus-acre Bastrop community for lot and home sales in 2027, which will give us additional ways to put our homes and financing to work. With no debt and a strong balance sheet, we can invest in our plants and our people to increase capacity to serve America’s growing demand for affordable housing.”

Conference Call Information

Management will host a conference call to discuss the results at 11:00 AM Central Time on Thursday, November 5, 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 $47,000 to $200,000.

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 undue 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Legacy Housing's third-quarter 2026 earnings results?

Legacy Housing reported $20.1 million in net income, up 132.8% from the third quarter of 2025. Diluted earnings per share increased 142.9% to $0.85, while revenue rose 72.2% to $69.7 million.

When does Legacy Housing expect to open its Bastrop community?

Legacy Housing expects to open its 350-plus-acre Bastrop community for lot and home sales in 2027.