NASDAQ$LEGH

Legacy Housing Corporation · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Legacy Housing reported financial results for the second quarter of 2024.

Legacy Housing Corporation announced its Q2 2024 financial results, highlighting progress across all aspects of the business, improved demand, focus on accelerating sales volume, monetizing non-core assets, and diligent expense management.

  • Team continues to make progress across all aspects of the business.
  • Demand is improving and top priority is accelerating sales volume.
  • Company continues to monetize non-core assets and diligently manage expenses.
  • Resolving past challenges positions the company well for the future.

Headline financials

Total Revenue

$42.5M

Previous: $52.6M-19.3%
EPS

$0.65

Previous: $0.60+8.3%
Net Revenue Change

42542372.0%

No prior period
Income from Operations

$16M

No prior period
Net Income

$16.2M

No prior period
Basic EPS

$0.67

No prior period
Book Value Per Share

$19.17

No prior period
Capital Expenditures

-$2.61M

Previous: -$1.54M-69.7%
Free Cash Flow

$13.6M

Previous: $13.5M+0.7%
Operating Income

$16M

Previous: $17.5M-8.4%
Gross Profit

$20.9M

Previous: $22.9M-8.7%
Cash & Equivalents

$60K

Previous: $1.53M-96.1%
Total Assets

$515M

Previous: $466M+10.6%
Stock-Based Comp

$174K

Previous: $195K-10.8%

Revenue & EPS history

Legacy Housing · Revenue · Quarterly

$42.5M

Q2 2024-19.3%vs Q2 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Forward guidance

The company is focused on improving demand and accelerating sales volume while managing expenses.

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 Q2 2024

Historical avgQ2 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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