Trade Legacy Housing Corp - LEGH CFD

Trade Legacy Housing Corp - LEGH

About Legacy Housing Corp

Legacy Housing Corporation is a company, which is engaged in selling and financing manufactured homes and tiny houses. It operates primarily in the southern United States, it offers its customers an array of homes ranging in size from approximately 390 to 2,667 square feet consisting of one to five bedrooms, with one to 31/2 bathrooms. The Company manufactures and provides for the transport of mobile homes, provides wholesale financing to dealers and mobile home parks, provides retail financing to consumers, and is involved in financing and developing new manufactured home communities. The Company manufactures its mobile homes at plants located in Fort Worth, Texas, Commerce, Texas and Eatonton, Georgia. The Company relies on a network of dealers to market and sell its mobile homes. The Company also sells homes directly to dealers and mobile home parks.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Legacy Housing Corp revenues increased 13% to $145M. Net income increased 32% to $36.2M. Revenues reflect Product sales increase of 14% to $121.7M, Consumer and MHP loans interest increase of 9% to $20.6M, Other increase of 24% to $2.7M. Net income benefited from Non-operating interest income increase of 81% to $1.3M (income), Miscellaneous, net increase from $145K to $354K (income).