Legacy Housing Q1 net revenue down 11.8% to $52.9M; net income up 1.1%

Legacy Housing Corp

2023-Q1 EPS reported $0.65 revenue$52,857,000

Net revenue $52.9M, down 11.8% YoY; income from operations $18.4M, up 0.5%.
Net income $16.3M, up 1.1% YoY; basic EPS $0.67, up 1.0%.
Book value per share $16.32, up 4.0% from Q4 2022.
CEO cites challenging market, focus on sales and cost reduction; Georgia production below historical levels but gaining momentum.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Legacy Housing Corp reported first quarter ended March 31, 2023 results: revenue $52.9 million, net income $16.3 million, EPS $0.67.

Period: first quarter ended March 31, 2023
Revenue: $52.9 million
Net income: $16.3 million
EPS: $0.67
Result: reported results

Exact text from the filing

Net revenue for the first quarter of 2023 was $52.9 million, a decrease of 11.8% from the first quarter of 2022.

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Source: SEC EDGAR

accession 0001558370-23-009441

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