NASDAQ$LEGH

Legacy Housing Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Legacy Housing reported record full year results driven by strong performance in Texas plants and progress in the Georgia plant.

Legacy Housing Corporation reported a record year in 2022, with significant increases in net revenue, income from operations, and net income. The company's Texas plants operated near peak capacity, and loan portfolios performed well. Progress was made at the Georgia plant during the fourth quarter, with production improving but still below historical levels. Despite a challenging market, the overall backlog remains healthy.

  • Net revenue increased by 30.1% compared to the previous year.
  • Income from operations increased by 32.4% compared to the previous year.
  • Net income increased by 35.9% compared to the previous year.
  • Basic earnings per share increased by 35.0% compared to the previous year.

Headline financials

Total Revenue

$75.6M

Previous: $52.5M+43.9%
EPS (adj)

$0.82

Previous: $0.56+46.4%
Capital Expenditures

$532K

Previous: $1.36M-60.8%
Free Cash Flow

-$3.01M

Previous: $8.71M-134.6%
Net Income

$19.7M

Previous: $13.7M+43.8%
Operating Income

$22.4M

Previous: $15.9M+40.7%
Gross Profit

$30.1M

Previous: $24.5M+22.9%
Cash & Equivalents

$2.82M

Previous: $1.04M+170.4%
Total Assets

$437M

Previous: $367M+19.1%
Stock-Based Comp

$192K

Previous: $67K+186.6%

Revenue & EPS history

Legacy Housing · Revenue · Quarterly

$75.6M

Q4 2022+43.9%vs Q4 2021
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

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 Q4 2022

Historical avgQ4 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

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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