Legacy Housing (NASDAQ:LEGH) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$42.5m (down 19% from 2Q 2023).

• Net income: US$16.2m (up 7.8% from 2Q 2023).

• Profit margin: 38% (up from 28% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.67 (up from US$0.62 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Legacy Housing EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 1.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Legacy Housing's balance sheet and an in-depth analysis of the company's financial position.

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