Legacy Housing (LEGH) Company Report

Legacy Housing Corporation reported product sales of $28.8 million for the third quarter ended September 30, 2025, representing a 4.6% decrease compared to the same period last year, with 420 floor sections delivered.
Despite the decrease in product sales and unit volumes, the company's book value per share increased by 10.2% year-over-year.
Following the end of the quarter, the Chief Executive Officer, Chief Financial Officer, and General Counsel departed, with founders Kenneth Shipley and Curtis Hodgson returning; Kenneth Shipley was appointed Interim Chief Executive Officer.
Recent orders from a major industry show in late September are expected to ensure Texas manufacturing facilities run at their typical pace of 3 to 4 floors per day through year-end, exceeding Q3 output and indicating improving sales momentum.

Nov 7, 2025, 10:02 PM

Legacy Housing Announces Acquisition of AmeriCasa Solutions and New Chief Revenue Officer

LEGH

M&A

Management Change

Revenue Acceleration/Inflection

Legacy Housing Corporation (LEGH) announced an agreement to acquire substantially all assets of AmeriCasa Solutions, LLC and its FutureHomeX® Platform in an all-cash transaction.
The acquisition, entered into on October 30, 2025, is anticipated to close on or before November 28, 2025.
Norman Newton, AmeriCasa Solutions' CEO, will join Legacy Housing as its new Chief Revenue Officer under a five-year employment agreement.
This strategic acquisition is intended to accelerate revenue growth through expanded company-owned retail locations and enhanced sales support, leveraging the FutureHomeX® Platform.
Key assets included in the acquisition are a retail dealership in Houston, a chattel mortgage loan portfolio, an insurance agency, and a services center in Bogota, Colombia.

Nov 7, 2025, 1:14 PM

Legacy Housing Announces Realignment, New Initiatives, and Leadership Changes

LEGH

Management Change

Product Launch

New Projects/Investments

Legacy Housing Corporation announced a significant company realignment, including its new Legacy 250 initiative and a refresh of its management structure.
The Legacy 250 initiative introduces the Legacy Ultimate Series of redesigned mobile homes with features like taller roof pitches, wider floors, vaulted ceilings, and an optional 8x12 shed storage module.
The company's Chief Executive Officer, Chief Financial Officer, and General Counsel have resigned following a year-long strategic review.
Kenny Shipley (co-founder and Chairman) has been appointed interim Chief Executive Officer, and Ron Arrington will serve as interim Chief Financial Officer.
This leadership transition reflects a commitment to aligning leadership and operations with a renewed focus on core manufacturing competencies and operational excellence.

Oct 10, 2025, 1:01 PM

Legacy Housing Corporation Details Strategic Realignment, Legacy 250 Initiative, and Executive Changes

LEGH

Management Change

Product Launch

New Projects/Investments

Legacy Housing Corporation announced a significant company realignment, introducing the Legacy 250 initiative with redesigned mobile homes, including the new Legacy Ultimate Series and an 8x12 shed storage module, set to launch in 2026.
Following a comprehensive strategic review, the company's Chief Executive Officer, Chief Financial Officer, and General Counsel have resigned.
Kenny Shipley has been appointed interim Chief Executive Officer, and Ron Arrington has been appointed interim Chief Financial Officer.
The company's realignment reflects a renewed focus on core manufacturing competencies, operational excellence, and innovation to maximize asset value and improve production efficiency.