Mission Statement, Vision, & Core Values (2024) of Legacy Housing Corporation (LEGH)

Mission Statement, Vision, & Core Values (2024) of Legacy Housing Corporation (LEGH)

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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 Strategy

Legacy 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
Affordable Housing Commitment

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%
Technological Innovation and Sustainability

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 Efficiency Metrics
Operational Metric 2024 Target
Manufacturing Cycle Time 14.5 days
Inventory Turnover Ratio 6.3x
Production Cost Efficiency $62 per square foot
Customer Satisfaction and Community Impact

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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