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Stock impact report

Legacy Housing Corporation Reports Full Year 2023 Financial Results

Legacy Housing Corporation (LEGH) 
Last legacy housing corporation earnings: 11/14 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
BEDFORD, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the "Company” or “Legacy", NASDAQ: LEGH) today announced its financial results for the full year end December 31, 2023. Financial Highlights Net revenue for the year ended 2023 was $189.1 million, a decrease of 26.4% from the year ended 2022.Income from operations for the year ended 2023 was $64.6 million, a decrease of 17.2% from the year ended 2022.Net income for the year ended 2023 was $54.5 million, a decrease of 19.6% from the year ended 2022.Basic earnings per share for the year ended 2023 was $2.23, a decrease of 19.7% from the year ended 2022.Book value for year ended 2023 was $436.7 million, an increase of 14.3% from the year ended 2022.Book value per share1 for year ended 2023 was $17.91, an increase of 14.2% from the year ended 2022. Duncan Bates, President and Chief Executive Officer, stated: “I am proud of our team’s effort managing expenses and driving profitability in a lower demand envi Show less Read more
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