Legacy Housing (LEGH) investor relations material

Executive summary

• Net revenue for Q2 2026 was $66.3 million, up 32.3% year-over-year, with net income reaching a record $23.5 million, a 59.8% increase from the prior year, driven by a large workforce housing order and higher commercial sales.

• 718 units shipped in Q2 2026, up 27.3% year-over-year, with robust demand for workforce housing and strong commercial sales to mobile home parks.

• Leadership transition: Curt Hodgson retired as Executive Chairman and from the board in July 2026; CEO Kenneth E. Shipley continues to lead.

• Gross margin benefited from $700,000 in tariff refunds, though future tariff levels remain uncertain.

• The company enters the second half of 2026 with a strong order book and active sales pipeline.

Financial highlights

• Product sales in Q2 2026 rose 40% to $53.8 million, with workforce housing contributing $25.5 million.

• Net income for Q2 2026 was $23.5 million ($0.99 per diluted share), up from $14.7 million ($0.60 per diluted share) in Q2 2025.

• Operating income for Q2 2026 was $26.5 million, a 57.3% increase year-over-year.

• Cash flow from operations for the first half of 2026 was $24.4 million, up from $11 million a year ago; cash balance at quarter end was $29 million.

• Book value per share as of June 30, 2026, was $23.64, with stockholders’ equity at $562.2 million.

Outlook and guidance

• Deliveries under the 380-unit workforce housing contract will continue through 2026, with significant interest in similar future orders, especially for data center projects.

• Management is focused on expanding and stabilizing the skilled workforce to meet growing demand and address production constraints.

• The company is well positioned to fund growth with strong liquidity and no debt, but faces ongoing input cost pressures and labor shortages.

• Effective tax rate expected to rise closer to the statutory rate in the second half due to the expiration of the Section 45L tax credit.

• Entering the second half of 2026 with a healthy order book and active sales pipeline.