NASDAQ$LEGH

Legacy Housing Corporation · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Legacy Housing reported strong profitability and improving sales volumes in the first quarter of 2024.

Legacy Housing Corporation announced its Q1 2024 financial results, highlighting strong profitability and improving sales volumes. The company also repurchased stock and showcased product improvements at their Spring Show.

  • Legacy's business fundamentals remained unchanged.
  • The company experienced strong profitability during the first quarter.
  • Sales volumes are showing signs of improvement.
  • Legacy repurchased stock for the first time since 2020.

Headline financials

Total Revenue

$43.2M

Previous: $52.9M-18.2%
EPS

$0.60

Previous: $0.65-7.7%
Capital Expenditures

-$871K

Previous: -$761K-14.5%
Free Cash Flow

$14.3M

Previous: $15.5M-8.0%
Net Income

$15.1M

Previous: $16.3M-7.0%
Operating Income

$16.8M

Previous: $18.4M-8.7%
Gross Profit

$22.8M

Previous: $23.9M-4.7%
Cash & Equivalents

$621K

Previous: $3.23M-80.8%
Total Assets

$510M

Previous: $455M+12.1%
Stock-Based Comp

$257K

Previous: $192K+33.9%

Revenue & EPS history

Legacy Housing · Revenue · Quarterly

$43.2M

Q1 2024-18.2%vs Q1 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Forward guidance

The company is focused on unlocking trapped value on their balance sheet and accelerating earnings growth.

Tailwinds

  • Showcased product improvements at the Spring Show.
  • Sold finished goods inventory.
  • Built backlog at the Spring Show.
  • Focused on unlocking trapped value on balance sheet.
  • Focused on accelerating earnings growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+3.0%

Avg return

Earnings day

+4.6%

Avg return

5 days after

+5.9%

Avg return

30 days after

59%

19 / 32 earnings

Positive

+32.9%

Q4 2021

Best reaction

-15.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+3.0%+10.3%
Q4 2025+1.7%+4.9%+15.3%
Q3 2025-5.9%-9.9%-12.1%
Q1 2025-7.9%-8.3%-13.1%
Q4 2024+2.7%+4.8%-3.6%
Q3 2024-3.6%-4.9%-5.7%
Q2 2024-1.3%-2.3%-3.2%
Q1 2024+11.4%+13.7%+8.1%
Q4 2023-15.0%-15.8%-18.7%
Q3 2023+19.0%+24.6%+22.0%
Q2 2023-2.5%-5.4%-6.7%
Q1 2023+0.8%-1.4%-7.5%
Q4 2022+13.2%+7.0%+10.2%
Q3 2022+2.7%+4.3%+12.2%
Q2 2022-0.6%+0.0%-3.8%
Q1 2022+1.8%+5.1%-2.4%
Q4 2021+32.9%+31.1%+26.7%
Q3 2021+18.4%+28.8%+22.1%
Q2 2021+4.4%+2.8%+5.0%
Q1 2021-6.8%-0.5%-2.7%
Q4 2020+0.7%+9.0%+13.7%
Q3 2020+5.4%+6.4%+6.3%
Q2 2020+6.4%+8.7%+1.2%
Q1 2020+18.7%+14.3%+32.3%
Q4 2019-3.5%-10.4%+10.0%
Q3 2019-0.6%+11.8%+1.6%
Q3 2018-0.6%+11.8%+1.6%
Q2 2018-2.1%-0.8%+21.5%
Q2 2019+1.4%+0.7%+22.7%
Q4 2018+2.5%+6.1%+7.2%
Q1 2018+2.5%+3.3%+8.4%
Q1 2019+1.6%+5.0%+9.9%
Q4 2017

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