NASDAQ$LEGH
Legacy Housing Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Legacy Housing reported an increase in revenue, operating income, and net income for Q3 2022.
Legacy Housing Corporation reported a revenue of $57.3 million, an increase of 1.5% compared to the third quarter of 2021. Net income for the third quarter of 2022 was $14.7 million, a 13.4% increase from the same period last year. The company's Board of Directors approved a stock repurchase program of up to $10,000,000.
- Net revenue increased by 1.5% to $57.3 million compared to Q3 2021.
- Operating income rose by 10.0% to $16.9 million compared to Q3 2021.
- Net income increased by 13.4% to $14.7 million compared to Q3 2021.
- Basic earnings per share increased by 11.1% to $0.60 compared to Q3 2021.
Headline financials
Revenue & EPS history
Legacy Housing · Revenue · Quarterly
$57.3M
Forward guidance
Company's business continues to perform well despite a challenging macroeconomic environment and company is committed to delivering value to its shareholders.
Tailwinds
- Business continues to perform well despite a challenging macroeconomic environment.
- Margins and earnings demonstrate the resiliency of Legacy’s integrated business model.
- Backlog remains strong across all manufacturing facilities.
- Stock repurchase program is an important piece of the capital allocation strategy.
- Legacy ended the third quarter in a net cash position providing the flexibility to adopt this program and continue to pursue growth opportunities.
Headwinds
- Faced slower shipments and production from Eatonton, GA facility this quarter.
- Challenging macroeconomic environment.
- No specific negatives were detailed in the earnings report.
- No specific negatives were detailed in the earnings report.
- No specific negatives were detailed in the earnings report.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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