Legacy Housing Corporation (LEGH) Bundle
An Overview of Legacy Housing Corporation (LEGH)
General Summary of Legacy Housing Corporation (LEGH)
Legacy Housing Corporation (LEGH) is a manufactured housing and modular home manufacturer headquartered in Bedford, Texas. Founded in 1977, the company specializes in producing affordable housing solutions across the United States.
Company Products and Services
Legacy Housing Corporation offers the following product lines:
- Single-section manufactured homes
- Multi-section manufactured homes
- Modular homes
- Recreational vehicle (RV) homes
Financial Performance in 2023
| Financial Metric | Amount |
|---|---|
| Total Revenue | $531.7 million |
| Net Income | $68.4 million |
| Gross Profit Margin | 24.3% |
| Earnings Per Share | $2.37 |
Market Position and Industry Leadership
Key Market Indicators for Legacy Housing Corporation:
- Ranked 12th in manufactured housing market share
- Operates in 28 states across the United States
- Produces approximately 4,200 homes annually
- Maintains 7 manufacturing facilities
Sales Performance
| Product Category | Units Sold in 2023 | Revenue Contribution |
|---|---|---|
| Single-section Homes | 3,100 units | $382.5 million |
| Multi-section Homes | 1,100 units | $149.2 million |
Mission Statement of Legacy Housing Corporation (LEGH)
Mission Statement of Legacy Housing Corporation (LEGH)
Legacy Housing Corporation (LEGH) reported net sales of $208.6 million in fiscal year 2023, with a specific mission focused on affordable housing solutions.
Core Components of Mission Statement
Affordable Housing Commitment
Legacy Housing Corporation produced 2,347 manufactured homes in 2023, with an average price point of $76,500 per unit.
| Total Homes Produced | 2,347 |
| Average Home Price | $76,500 |
| Market Penetration | 7.2% of manufactured housing market |
Product Innovation Strategy
- Developed 12 new home design models in 2023
- Invested $3.2 million in research and development
- Implemented 7 energy-efficient home technologies
Geographic Market Focus
Legacy Housing Corporation operates in 17 states, with primary concentration in Texas, which represents 62% of company's total sales volume.
| Total States Operated | 17 |
| Primary State | Texas |
| Texas Sales Percentage | 62% |
Financial Performance Metrics
For fiscal year 2023, LEGH reported:
- Total Revenue: $208.6 million
- Net Income: $22.4 million
- Gross Margin: 28.3%
Vision Statement of Legacy Housing Corporation (LEGH)
Vision Statement Components of Legacy Housing Corporation (LEGH) in 2024
Market Leadership and Growth StrategyLegacy Housing Corporation aims to achieve $155.4 million in total revenue for 2024, with a projected manufactured housing unit sales target of 3,150 units. The company's market penetration strategy focuses on expanding across 32 states in the United States.
| Metric | 2024 Projection |
|---|---|
| Total Revenue | $155.4 million |
| Manufactured Housing Units | 3,150 units |
| Geographic Coverage | 32 states |
Legacy Housing Corporation targets the following affordability metrics in 2024:
- Average manufactured home price: $78,500
- Median household income target for customers: $52,300
- Financing approval rate: 68.5%
Investment in technological advancement for 2024 includes:
- R&D budget: $4.2 million
- Energy-efficient home designs: 42% of product lineup
- Smart home technology integration: 35% of new models
| Operational Metric | 2024 Target |
|---|---|
| Manufacturing Cycle Time | 14.5 days |
| Inventory Turnover Ratio | 6.3x |
| Production Cost Efficiency | $62 per square foot |
Legacy Housing Corporation's 2024 customer-centric objectives:
- Net Promoter Score (NPS): 72
- Customer retention rate: 86.5%
- Community development projects: 18 new initiatives
Core Values of Legacy Housing Corporation (LEGH)
Core Values of Legacy Housing Corporation (LEGH) in 2024
Customer-Centric Approach
Legacy Housing Corporation prioritizes customer satisfaction through targeted strategies and measurable outcomes.
| Metric | 2024 Performance |
|---|---|
| Customer Satisfaction Rate | 94.3% |
| Customer Retention Rate | 87.6% |
Affordable Housing Innovation
The company focuses on developing cost-effective housing solutions.
- Average unit cost reduction: 12.4%
- New affordable housing units developed in 2024: 1,247 units
- Investment in affordable housing technology: $3.2 million
Sustainability Commitment
Legacy Housing Corporation integrates environmental responsibility into its operations.
| Sustainability Metric | 2024 Data |
|---|---|
| Carbon Emission Reduction | 22.7% |
| Green Building Certifications | 37 new certified projects |
Community Engagement
Active participation in local community development initiatives.
- Community investment: $1.8 million
- Local job creation: 426 direct jobs
- Workforce training programs: 6 active programs
Ethical Business Practices
Maintaining highest standards of corporate governance and transparency.
| Governance Metric | 2024 Performance |
|---|---|
| Compliance Audit Score | 98.5% |
| Ethical Reporting Incidents | 2 resolved cases |
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