Legacy Housing Corp reported first quarter ended March 31, 2026 results: revenue $34.4 million, net income $10.9 million, EPS basic $0.46, diluted $0.46.
“Financial Highlights ● Net revenue for the first quarter of 2026 was $34.4 million, a decrease of 3.7% from the first quarter of 2025. ● Income from operations for the first quarter of 2026 was $12.4 million, an increase of 6.9% from the first quarter of 2025. ● Net income for the first quarter of 2026 was $10.9 million, an increase of 6.3% from the first quarter of 2025. ● Basic earnings per share for the first quarter of 2026 was $0.46, an increase of 7.0% from the first quarter of 2025. Diluted earnings per share was $0.46, an increase of 12.2% from the first quarter of 2025.”
Governance Changes
Legacy Housing Corp: Adopted new bylaw sections regarding derivative proceeding ownership threshold, exclusive forum for internal entity claims, and jury trial waiver for internal entity claims, in connection with changes to the Texas Business Organizations Code (effective 2025-10-29).
“On October 29, 2025, in connection with certain recent changes to the Texas Business Organizations Code ("TBOC"), the Board of Directors of the Company (the "Board") approved and adopted certain amendments (the "Amendments") to the Company's Bylaws (the "Bylaws"), effective as of such date, to add new sections to: · adopt an ownership threshold requiring any shareholder or group of shareholders to hold shares of common stock sufficient to meet an ownership threshold of at least 3% of the Company's issued and outstanding shares in order to institute or maintain a derivative proceeding; · clarify that the exclusive forum for any "internal entity claim" as defined in the TBOC will be the United States District Court for the Northern District of Texas or, if the United States District Court for the Northern District of Texas lacks jurisdiction for such action, the Texas Business Court (or, if the Texas Business Court is not then accepting filings or determines that it lacks jurisdiction fo”
Skyler M. Howton was appointed as Director at Legacy Housing Corp.
“On November 12, 2024, the Company’s Board appointed Skyler M. Howton to fill the vacancy in the Board created by the resignation of Francisco J. Coll.”
Francisco J. Coll resigned as Director at Legacy Housing Corp.
“created by the resignation of Francisco J. Coll.”
Francisco J. Coll resigned as Director at Legacy Housing Corp.
“On May 16, 2024, Francisco J. Coll resigned as a member of Legacy Housing Corporation’s (the “Company”) Board of Directors (the “Board”).”
Earnings Releases
Legacy Housing Corp reported first quarter ended March 31, 2024 results: revenue $43.2 million, net income $15.1 million, EPS $0.62.
““Legacy", NASDAQ: LEGH) today announced its financial results for the first quarter ended March 31, 2024. Financial Highlights § Net revenue for the first quarter of 2024 was $43.2 million, a decrease of 18.2% from the first quarter of 2023. § Income from operations for the first quarter of 2024 was $16.8 million, a decrease of 8.7% from the first quarter of”
Shareholder Votes
Legacy Housing Corp shareholders approved Election of Directors at the 2023-12-01 meeting.
“During the Meeting, shareholders voted to elect Curtis D. Hodgson, Kenneth E. Shipley, Jeffrey K. Stouder, Francisco J. Coll, and Brian J. Ferguson as Directors for a term of one year or until their successors are elected and qualified.”
Jeffrey V. Burt resigned as Chief Accounting Officer at Legacy Housing Corp.
“On December 1, 2023, Jeffrey V. Burt resigned as Chief Accounting Officer ("CAO") at Legacy Housing Corporation ("Legacy" or the "Company"), effective immediately.”
Auditor Changes
Legacy Housing Corp engaged Frazier & Deeter, LLC as its auditor.
“On November 6, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) engaged Frazier & Deeter, LLC (“Frazier & Deeter”) to serve as its new independent registered public accounting firm.”
Auditor Changes
CohnReznick LLP resigned as auditor of Legacy Housing Corp.
“On October 27, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) was notified that its independent registered public accounting firm, CohnReznick LLP (“CohnReznick”), is resigning, without cause, effective November 22, 2023.”
Ronald Arrington departed as Chief Financial Officer at Legacy Housing Corp.
“Mr. Fiedelman replaces Ronald Arrington, who stepped down as CFO on September 11, 2023.”
Jeff Fiedelman was appointed as Chief Financial Officer at Legacy Housing Corp.
“Effective September 12, 2023, the Board of Directors (the “Board”) of Legacy Housing Corporation (“Legacy” or the “Company”) appointed Jeff Fiedelman, age 54, as Chief Financial Officer (“CFO”).”
Earnings Releases
Legacy Housing Corp reported second quarter ended June 30, 2023 results: revenue $52.6 million, net income $15.0 million, EPS $0.62.
“"Company,” NASDAQ: LEGH) today announced its financial results for the second quarter ended June 30, 2023. Financial Highlights ◾ Net revenue for the second quarter of 2023 was $52.6 million, a decrease of 18.0% from the second quarter of 2022. ◾ Income from operations for the second quarter of 2023 was $17.5 million, a decrease of 14.5% from the second quarter of”
Debt Financings
Legacy Housing Corp incurred credit facility of $50 million credit facility with Prosperity Bank.
“On July 28, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) and Prosperity Bank (“Prosperity”) entered into a Credit Agreement (the “Credit Agreement” or the “Agreement”). Pursuant to the Agreement, Prosperity will provide Legacy with a $50 million credit facility.”
Material Agreements
Legacy Housing Corp entered into Credit Agreement with Prosperity Bank valued at $50 million credit facility (effective 2023-07-28).
“On July 28, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) and Prosperity Bank (“Prosperity”) entered into a Credit Agreement (the “Credit Agreement” or the “Agreement”). Pursuant to the Agreement, Prosperity will provide Legacy with a $50 million credit facility.”
Shane Allred changed role as Director of Financial Reporting at Legacy Housing Corp.
“replaces Shane Allred, who continues to serve as the Company’s Director of Financial Reporting.”
Max M. Africk was appointed as Corporate Secretary at Legacy Housing Corp.
“On June 22, 2023, Legacy Housing Corporation (“Legacy” or the “Company”) appointed Max M. Africk as Corporate Secretary.”
Earnings Releases
Legacy Housing Corp reported first quarter ended March 31, 2023 results: revenue $52.9 million, net income $16.3 million, EPS $0.67.
“Net revenue for the first quarter of 2023 was $52.9 million, a decrease of 11.8% from the first quarter of 2022.”
Auditor Changes
Legacy Housing Corp engaged CohnReznick as its auditor.
“On May 9, 2023, upon approval of the Audit Committee, the Company engaged CohnReznick as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2023 and interim periods within that year.”
Listing & Compliance Notices
Legacy Housing Corp received a nasdaq noncompliance notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(c)(4)(B)).
“April 20, 2023, Legacy Housing Corporation (the “Company”) notified the NASDAQ Global Select Market (“NASDAQ”) that it no longer satisfies NASDAQ Listing Rule 5605(c)(2)(A), which requires, among other things, that the Company’s Audit Committee consist of at least three Independent Directors. Despite having resigned from the Audit Committee, Joseph P. Lane continues to serve on the Company’s Board as an Independent Director. The Company will appoint a new Independent Director to serve on the Audit Committee at or prior to the 2023 annual shareholders’ meeting, as is permitted under NASDAQ List”
Earnings Releases
Legacy Housing Corp reported the fiscal year ended December 31, 2022 results: revenue $257.0 million, net income $67.8 million, EPS $2.78.
“Financial Highlights for the Fiscal Year Ended December 31, 2022 ◾ Net revenue for the year ended 2022 was $257.0 million, an increase of 30.1% from the year ended 2021. ◾ Income from operations for the year ended 2022 was $78.0 million, an increase of 32.4% from the year ended 2021. ◾ Net income for the year ended 2022 was $67.8 million, an increase of 35.9% from the year ended 2021. ◾ Basic earnings per share for the year ended 2022 was $2.78, an increase of 35.0% from the year ended 2021.”
Shareholder Votes
Legacy Housing Corp shareholders approved Ratification of the appointment of Daszkal Bolton, LLP as our independent registered public accounting firm for the year ending December 31, 2022. at the 2022-11-29 meeting.
“The results of the voting were as follows: Votes For Against Abstained 22,773,253 61,375 49,601”
Shareholder Votes
Legacy Housing Corp shareholders approved Election of five directors to our board of directors for a one-year term of office or until their successors are elected and qualified. at the 2022-11-29 meeting.
“The results of the voting were as follows: Votes For Against Abstained Curtis D. Hodgson 21,763,561 650,070 470,598 Kenneth E. Shipley 22,220,026 193,605 470,598 Jeffrey K. Stouder 20,023,022 2,390,609 470,598 Joseph P. Lane 20,778,983 1,634,648 470,598 Francisco J. Coll 22,369,143 44,488 470,598”
Earnings Releases
Legacy Housing Corp reported the third quarter ended September 30, 2022 results: revenue $57.3 million, net income $14.7 million, EPS $0.60.
“◾ Net revenue for the third quarter of 2022 was $57.3 million, an increase of 1.5% from the third quarter of 2021. ◾ Income from operations for the third quarter of 2022 was $16.9 million, an increase of 10.0% from the third quarter of 2021. ◾ Net income for the third quarter of 2022 was $14.7 million, an increase of 13.4% from the third quarter of 2021. ◾ Basic earnings per share for the third quarter of 2022 was $0.60, an increase of 11.1% from the third quarter of 2021.”
Francisco J. Coll was appointed as Director at Legacy Housing Corp.
“the Company’s Board appointed Francisco J. Coll to fill the vacancy in the Board created by the resignation of Duncan Bates.”
Duncan Bates resigned as Director at Legacy Housing Corp.
“Mr. Bates resigned from the Company’s Board effective June 7, 2022.”
Kenneth Shipley changed role as Founder and Executive Vice President at Legacy Housing Corp.
“Mr. Bates replaces Kenneth Shipley, who as part of the management reorganization, will remain with the Company as Founder and Executive Vice President.”
Duncan Bates was appointed as President and Chief Executive Officer at Legacy Housing Corp.
“appointed Duncan Bates as President and Chief Executive Officer ("CEO").”
Jeff Burt changed role as Chief Accounting Officer at Legacy Housing Corp.
“Mr. Arrington replaces Jeff Burt, who was serving as Interim CFO of Legacy and will remain as the Chief Accounting Officer.”
Ronald Arrington was appointed as Chief Financial Officer at Legacy Housing Corp.
“Effective May 9, 2022, Legacy Housing Corporation (“Legacy”) appointed Ronald (Ron) Arrington as Chief Financial Officer.”
Jeffrey V. Burt was appointed as Interim Chief Financial Officer at Legacy Housing Corp.
“On March 1, 2022, the Company announced the appointment of Jeffrey V. Burt as Interim CFO of the Company, effective March 18, 2022.”
Thomas J. Kerkaert resigned as Chief Financial Officer at Legacy Housing Corp.
“On February 28, 2022, Thomas J. Kerkaert notified the Board of Directors (the “Board”) of Legacy Housing Corporation (the “Company”), that he has elected to resign as Chief Financial Officer (“CFO”), effective March 18, 2022.”
Joseph Lane was appointed as Director at Legacy Housing Corp.
“On December 7, 2021, the Company’s Board appointed Joseph Lane to fill the vacancy in the Board created by the resignation of Stephen Crawford.”
Stephen Crawford resigned as Director at Legacy Housing Corp.
“On December 6, 2021, Stephen Crawford, notified Legacy Housing Corporation (the “Company”) of his resignation from the Board of Directors (the “Board”), effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.