Company Legacy Housing Corporation

LEGH

US52472M1018

Homebuilding

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
20.3 ^USD	+1.10%		+1.55%	-19.51%

Mar. 22	B. Riley Lowers Legacy Housing's PT to $22 From $24 After Lower-Than-Expected Q4 2023 Results, Maintains Neutral Rating	MT
Mar. 19	Wedbush Lowers Legacy Housing's PT to $25 From $31, Says 2024 May be Lower Volume Year Than Previously Expected; Maintains Outperform Rating	MT

Business Summary

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses. The Company manufactures and provides for the transport of mobile homes, provides wholesale financing to dealers and mobile home parks and provides retail financing to consumers and is involved in financing and developing new manufactured home communities. Its manufactured homes and tiny houses are distributed through a network of independent retailers and Company-owned stores and also sold directly to manufactured home communities. It operates primarily in the southern United States. The Company offers its customers an array of homes ranging in size from approximately 395 to 2,667 square feet consisting of one to five bedrooms, and one to 31/2 bathrooms. It manufactures its mobile homes at plants located in Fort Worth, Texas, Commerce, Texas and Eatonton, Georgia. Its homes are marketed under the Legacy brand name. It also sells homes directly to consumers, through its own retail stores.

Number of employees: 572

Sales per Business

USD in Million	2022	Weight	2023	Weight	Delta
Mobile Homes - Commercial 29.1 %	61	23.9 %	55	29.1 %	-10.46%
Mobile Homes - Inventory Finance 23.3 %	84	32.7 %	44	23.3 %	-47.48%
Consumer Installment Notes 10.2 %	18	7.1 %	19	10.2 %	+5.39%
Mobile Homes - Retail Store 10.1 %	20	7.6 %	19	10.1 %	-2.34%
Mobile Homes - Direct 9.3 %	46	17.7 %	18	9.3 %	-61.49%
Mobile Home Parks Notes 7.6 %	10	4.0 %	14	7.6 %	+40.56%
Mobile Homes - Other 4.9 %	11	4.5 %	9	4.9 %	-18.87%
Other 3.5 %	6	2.5 %	7	3.5 %	+3.52%
Dealer Finance Notes 2.0 %	-	-	4	2.0 %	-

Sales per region

USD in Million	2022	Weight	2023	Weight	Delta
United States 100.0 %	257	100.0 %	189	100.0 %	-26.41%

Managers

Managers	Title	Age	Since
Robert Bates CEO	Chief Executive Officer	36	20-12-01
Kenneth Shipley FOU	Founder	65	05-04-30
Curtis Hodgson FOU	Founder	70	05-04-30
Jeff Fiedelman DFI	Director of Finance/CFO	55	23-09-11
Mary Saenz CMP	Compliance Officer	-	-
Max Africk LAW	General Counsel	34	23-03-12
Shane Allred PRN	Corporate Officer/Principal	-	18-12-31
Charles E. Mack SAM	Sales & Marketing	-	-

Members of the board

Members of the board	Title	Age	Since
Curtis Hodgson FOU	Founder	70	05-04-30
Kenneth Shipley FOU	Founder	65	05-04-30
Jeffrey Stouder BRD	Director/Board Member	53	20-12-01
Robert Bates CEO	Chief Executive Officer	36	20-12-01
Francisco Coll BRD	Director/Board Member	39	22-06-06
Brian Ferguson BRD	Director/Board Member	45	Nov. 30

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	24,846,494	10,091,066 ( 40.61 %)	445,065 ( 1.791 %)	40.61 %

Shareholders

Name	Equities	%	Valuation
Curtis Hodgson 18.38 %	4,484,229	18.38 %	97 M $
Kenneth Shipley 12.27 %	2,992,610	12.27 %	64 M $
Douglas Shipley 11.83 %	2,885,978	11.83 %	62 M $
William G Shipley 11.75 %	2,865,953	11.75 %	62 M $
Voss Capital LLC 3.403 %	830,000	3.403 %	18 M $
GW&K Investment Management LLC 2.682 %	654,123	2.682 %	14 M $
Punch & Associates Investment Management, Inc. 2.517 %	614,033	2.517 %	13 M $
Mill Road Capital Management LLC 2.053 %	500,798	2.053 %	11 M $
Dechomai Asset Trust 2.050 %	500,000	2.050 %	11 M $
BlackRock Advisors LLC 2.045 %	498,778	2.045 %	11 M $