Legacy Housing Corp (OQ:LEGH)

Sector:  Consumer Cyclicals Industry:  Homebuilding
See Regulatory Filings on SEC
Company Contact
Address: 1600 Airport Fwy Ste 100
BEDFORD TX 76022-6881
Tel: N/A
Website: https://legacyhousingcorp.com
IR: See website
Key People
Business Overview
Legacy Housing Corp builds, sells and finances manufactured homes that are distributed through a network of independent retailers to manufactured housing communities. The Company offers its customers homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 31/2 bathrooms. The Company has built and sold 3,274 home sections. The Company sells its homes under the brand name, Legacy. It operates in 15 states through a network of 117 independent retailers and 11 Company-owned retail locations. Its Company-owned retail locations include nine Heritage Housing stores and two Tiny House Outlet stores.
Financial Overview
For the three months ended 31 March 2020, Legacy Housing Corp revenues increased 1% to $38.3M. Net income increased 25% to $9M. Revenues reflect Consumer and MHP loans interest increase of 16% to $6.4M. Net income benefited from Selling, general administrative expenses decrease of 14% to $5.6M (expense), Non-operating interest income increase from $39K to $237K (income), Miscellaneous, net increase from $3K to $38K (income).
Employees: 800 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $347.59M as of Mar 31, 2020
Annual revenue (TTM): $169.28M as of Mar 31, 2020
EBITDA (TTM): $40.14M as of Mar 31, 2020
Net annual income (TTM): $30.66M as of Mar 31, 2020
Free cash flow (TTM): -$15.95M as of Mar 31, 2020
Net Debt Last Fiscal Year: $35.31M as of Mar 31, 2020
Shares outstanding: 24,764,206 as of May 11, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization