Today techs Legacy Housing Company Reviews Second Quarter 2022

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BEDFORD, Texas, Sept. 23, 2022 (GLOBE NEWSWIRE) — Legacy Housing Company (the “Firm” or “Legacy”, NASDAQ: LEGH) immediately introduced its monetary outcomes for the Second quarter ended June 30, 2022.

Monetary Highlights

Comparability of Six Months ended June 30, 2022 and 2021

  • Income was $124.1 million, a rise of 40.2% from 2021 1H income of $88.5 million.
  • Revenue earlier than tax was $40.7 million, a rise of 45.2% from 2021 1H revenue today techs earlier than tax of $28.1 million.
  • Internet revenue was $33.4 million, a rise of 42.8% from 2021 1H internet revenue of $23.3 million.
  • Absolutely diluted earnings per share was $1.35, a rise of 40.1% from 2021 1H earnings per share of $0.96.

Duncan Bates, President and Chief Government Officer, acknowledged: “Our workforce has been operating arduous all summer time to publish Legacy’s delayed SEC filings and regain NASDAQ compliance. Ron Arrington has completed a pleasant job main the accounting division and dealing with our new auditors. Legacy plans to file its Third quarter outcomes on-time and can resume quarterly earnings calls with buyers starting subsequent quarter. With this hurdle behind us, I look ahead to working with Curt and Kenny to execute Legacy’s progress plan and create worth for our shareholders.”

This shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of the Firm’s securities in any state or jurisdiction during which such supply, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.

About today techs Legacy Housing Company

Legacy builds, sells and funds manufactured properties and “tiny homes” which are distributed by way of a community of unbiased retailers and company-owned shops. The Firm additionally sells on to manufactured housing communities. Legacy is the sixth largest producer of manufactured properties in america as ranked by variety of properties manufactured primarily based on the knowledge obtainable from the Manufactured Housing Institute. With present operations centered primarily within the southern United States, we provide our prospects an array of high quality properties ranging in dimension today techs from roughly 390 to 2,667 sq. ft consisting of 1 to five bedrooms, with 1 to three 1/2 bogs. Our properties vary in worth, at retail, from roughly $22,000 to $140,000.

Ahead Wanting Statements

This press today techs launch accommodates forward-looking statements inside the which means of the Securities and Trade today techs Act of 1934 and the Personal Securities Litigation Reform Act of 1995. These forward-looking statements are topic to a lot of dangers and uncertainties, lots of that are past our management. In consequence, our precise outcomes or efficiency could differ materially from anticipated outcomes or efficiency. Legacy undertakes no obligation to replace any such forward-looking statements after the date hereof, besides as required by legislation. Buyers mustn’t place any reliance on any such forward-looking statements.

Investor Inquiries:
Shane Allred, (817) 799-4900
buyers@legacyhousingcorp.com

or

Investor Inquiries:
Duncan Bates, (817) 799-4837
duncanbates@legacyhousingcorp.com

Media Inquiries:
Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com

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