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 nine months ended 30 September 2019, Legacy Housing Corp revenues decreased 1% to $125.7M. Net income increased 17% to $22M. Revenues reflect Product sales decrease of 3% to $106.7M, Other decrease of 14% to $2.7M. Net income reflects Selling, general administrative expenses decrease of 14% to $12.6M (expense), Interest expense decrease of 76% to $495K (expense), Non-operating interest income increase of 6% to $200K (income).
Employees: 800 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $378.82M as of Sep 30, 2019
Annual revenue (TTM): $160.29M as of Sep 30, 2019
EBITDA (TTM): $34.03M as of Sep 30, 2019
Net annual income (TTM): $24.76M as of Sep 30, 2019
Free cash flow (TTM): $0.21M as of Sep 30, 2019
Net Debt Last Fiscal Year: $14.40M as of Sep 30, 2019
Shares outstanding: 24,722,936 as of Nov 8, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization