Legacy Housing Corporation announced its financial results for the full year ended December 31, 2024, reporting total revenue of $184.2 million. This figure represents a 2.6% decrease compared to the full year 2023. Despite the slight revenue decline, the company's book value increased by nearly 60% over the last three years, reaching $494 million.
The fourth quarter of 2024 showed a robust increase in net income and earnings per share, indicating a strong finish to the fiscal year. This performance suggests an improving trend in profitability towards the end of the year.
Duncan Bates, President and CEO, emphasized that affordable housing remains a critical need in the United States, with strong demand for the company's products. He stated that Legacy is well-positioned for 2025, highlighting the integrated business model as providing numerous opportunities to deploy capital at high rates of return and compound shareholder value.
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