Legacy Housing Q1 Revenue Falls to $34.4M; Net Income Up 6.3%
Legacy Housing’s net revenue fell 3.7% to $34.4 million in Q1 2026 while net income rose 6.3% to $10.9 million, lifting EPS to $0.46. The company secured a $7.1 million non-refundable deposit for workforce housing and repurchased 30,740 shares for $573,000 under its $10 million buyback plan.
1. First Quarter Financial Results
Net revenue for Q1 2026 was $34.4 million, a 3.7% decrease year-over-year, while income from operations rose 6.9% to $12.4 million. Net income increased 6.3% to $10.9 million and both basic and diluted EPS improved to $0.46, up 7.0% and 12.2% respectively.
2. Workforce Housing Order Deposit
During the quarter the company received a $7.1 million non-refundable advance deposit from a single customer for a large workforce housing order. Deliveries against this order are scheduled to begin in Q2 2026, highlighting growth prospects in that segment.
3. Share Repurchase and Liquidity
Under its $10 million repurchase authorization, Legacy Housing bought back 30,740 shares for approximately $573,000 in Q1. The company closed the quarter with $14.1 million in cash and an essentially undrawn revolving credit facility.
4. CEO Outlook
Management cited strong performance in retail and direct sales channels, resilient loan portfolios and sustained demand for affordable manufactured housing. Leadership remains confident in long-term growth and the ability to fulfill large orders in upcoming quarters.