BEDFORD, Texas, May  07, 2026  (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the &#34;, Company&#34;, or &#34;, Legacy&#34;, , NASDAQ:LEGH) today announced its financial results for the first quarter ended March 31, 2026.

LEGH

Legacy Housing Corporation Reports First Quarter 2026 Financial Results

Legacy Housing Corporation Reports Solid Q1 Results Amid Revenue Decline

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BEDFORD, Texas, May  07, 2026  (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the &amp;#34;, Company&amp;#34;, or &amp;#34;, Legacy&amp;#34;, , NASDAQ:LEGH) today announced its financial results for the first quarter ended March 31, 2026.</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Legacy Housing Corporation (LEGH) announced its Q1 2026 results, showing net income and earnings growth despite a revenue decline. A significant advance deposit for workforce housing units indicates strong demand ahead, which could bolster future earnings.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>LEGH reported Q1 2026 net revenue of $34.4 million, down 3.7%.</li><li>Income from operations rose 6.9% to $12.4 million in Q1 2026.</li><li>Net income increased 6.3% to $10.9 million year-over-year.</li><li>LEGH secured a $7.1 million deposit for a large housing order.</li><li>The company repurchased $573k of stock under a $10 million program.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Legacy Housing Corporation (LEGH)</strong>: Reported strong net income growth, highlighting operational resilience.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>The company fits within the &#039;Earnings&#039; category, reflecting its recent financial performance and ongoing operational strategies that could impact future profitability.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $7.1 million non-refundable advance deposit will drive future revenue growth.</li><li>Earnings per share growth could attract more investor interest in LEGH.</li><li>Operational strength in retail channels suggests resilience amid macro headwinds.</li><li>The $10 million stock repurchase program may support share price stability.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Q1 2026 net revenue: $34.4 million, down from Q1 2025.</li><li>Q1 2026 net income: $10.9 million, up 6.3% from last year.</li><li>Basic EPS for Q1 2026: $0.46, up 7.0% year-over-year.</li><li>$7.1 million advance deposit received for workforce housing order.</li><li>Share repurchases of 30,740 shares were made for $573,000.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>LEGH has potential upside driven by strong earnings growth and new orders in the near term.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>BEDFORD, Texas, May  07, 2026  (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the &#34, Company&#34, or &#34, Legacy&#34, , NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LEGH">LEGH</a>) today announced its financial results for the first quarter ended March 31, 2026.</p>  <p><strong>Financial Highlights</strong></p>  <ul><li>Net revenue for the first quarter of 2026 was $34.4 million, a decrease of 3.7% from the first quarter of 2025.</li><li>Income from operations for the first quarter of 2026 was $12.4 million, an increase of 6.9% from the first quarter of 2025.</li><li>Net income for the first quarter of 2026 was $10.9 million, an increase of 6.3% from the first quarter of 2025.</li><li>Basic earnings per share for the first quarter of 2026 was $0.46, an increase of 7.0% from the first quarter of 2025. Diluted earnings per share was $0.46, an increase of 12.2% from the first quarter of 2025.</li><li>Book value per share on March 31, 2026, was $22.66, an increase of 2.1% from December 31, 2025.</li><li>Received a non-refundable advance deposit of approximately $7.1 million during the first quarter from a single customer in connection with a large order of workforce housing units, with deliveries expected to begin in the second quarter of 2026.</li><li style="margin-bottom:5.4pt;">Repurchased 30,740 shares of common stock for approximately $573 thousand during the first quarter under the $10.0 million repurchase program authorized by the Board of Directors on February 6, 2026.<br></br></li></ul>  <p>Kenneth E. Shipley, Chief Executive Officer, stated: &#34;Legacy delivered a solid first quarter, growing net income and diluted earnings per share year-over-year despite a modest decline in revenue and continued macro headwinds. Our retail and direct sales channels showed real strength, our loan portfolios continue to perform well, and we ended the quarter with $14.1 million in cash and an essentially undrawn revolver. The large workforce housing order received during the quarter underscores the opportunity we see in that market, and we look forward to delivering on that order in the coming quarters. We remain confident in the long-term demand for affordable manufactured housing and in Legacy&#39;s ability to serve that need.&#34;</p>  <p>This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company&#39;s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p><strong>Conference Call Information</strong></p>  <p>Management will host a conference call to discuss the results at 12:00 PM Central Time on Friday, May 8, 2026. <a href="https://www.globenewswire.com/Tracker?data=IO_CJDDh_bM20-UO_hHluRst2OvSCz5wSD5XVDe5NIZD0tuRpdZxL9XM6M27xr4bH8xV87J3Ne88CqL1yUaVf6eA2Y765mABp9k4pSYkdd8UgFm7ThRGhf2TKcKWkAvn52bVbJr7lQg7_KivNfVWjg1M3eEnkYcqLXUFjkpMHwM=" rel="nofollow" target="_blank">Dial-in</a> and <a href="https://www.globenewswire.com/Tracker?data=ZFn535_Zyt8i5ekE7iZ8yjyWNx1U6QKvQeKdlrqZtjQgdm3mIt-cEzVcrtfn74IEGaDym4mNTGCRHVrrRN6HfzmBO4uyw4dtgwoj7GwdOC0=" rel="nofollow" target="_blank">webcast</a> details will be provided in advance of the call.</p>  <p><strong>About Legacy Housing Corporation</strong></p>  <p>Legacy Housing Corporation builds, sells, and finances manufactured homes and &#34;Tiny Houses&#34; distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is one of the largest producers of manufactured homes in the United States. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 395 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3½ bathrooms. Our homes range in price, at retail, from approximately $47,000 to $200,000.</p>  <p><strong>Forward-Looking Statements</strong></p>  <p>This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law. Investors should not place any reliance on any such forward-looking statements.</p>  <p><strong>Investor Inquiries:</strong></p>  <p>Jon Langbert, (817) 799-4900<br></br><a href="https://www.globenewswire.com/Tracker?data=hR1VUyUlF87lwRMoAbDD8TbLqJVLDJg-rCmsUN7DQLb4U9pr1p2OM35MyYDysHynnjpLs31EEMbosLmqXg9e_fAG2f5ztcwerO0ZHkx0A66DXu_JRpAd0Ps-pnO81D5s" rel="nofollow" target="_blank">ir@legacyhousingcorp.com</a></p>  <p> <strong>Media Inquiries:</strong></p>  <p>Kira Hovancik, (817) 799-4905<br></br><a href="https://www.globenewswire.com/Tracker?data=GH5sTmvHGzKeLUR6pModJIY3uyXE3FdFmus0RwiusHWwweeiLzYWvSCybh7zSPqxV-2dz4mrjIYKhH3TMnYxeK9MS2CqmEvwCNSzUW3D8uvy_uxRlqQhOCnFmgkx1Yil" rel="nofollow" target="_blank">pr@legacyhousingcorp.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNjA5MyM3NTkxNjMzIzIxMjM1MTA="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MTFjOWU5YjktMWE4Yi00ZGI4LThhNGItOTQwZTk3OWViYzc2LTExMzUwODEtMjAyNi0wNS0wNy1lbg==/tiny/Legacy-Housing-Corporation.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/0b845718-9a74-466b-88cc-9424b8436887"><img src="https://ml.globenewswire.com/media/0b845718-9a74-466b-88cc-9424b8436887/small/2018-brand-legacy-png.png" border="0" width="150" height="76" alt="Primary Logo"></img></a></p>

Legacy Housing Corporation (LEGH) announced its Q1 2026 results, showing net income and earnings growth despite a revenue decline. A significant advance deposit for workforce housing units indicates strong demand ahead, which could bolster future earnings.

Legacy Housing Corporation Reports First Quarter 2026 Financial Results

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Earnings

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