Legacy Housing Corporation (LEGH) Q3 2024 Earnings Call Transcript Summary
Legacy Housing Corporation (LEGH) Q3 2024 Earnings Call Transcript Summary
Net income slightly decreased by 1.8% to $15.8 million, and basic earnings per share decreased by $0.01 or 1.5%.The following is a summary of the Legacy Housing Corporation (LEGH) Q3 2024 Earnings Call Transcript:
以下是legacy housing公司（LEGH）2024年第三季度業績會文字記錄的總結：
Financial Performance:
財務表現:
Legacy Housing reported a decrease in product sales by $6.8 million or 18.3% due to decreased unit volume across direct sales, mobile home park sales, and inventory finance sales categories.
Gross profit margin decreased from 32.9% to 29.2%, attributed mainly to under-absorbed labor due to lower production levels.
Net income slightly decreased by 1.8% to $15.8 million, and basic earnings per share decreased by $0.01 or 1.5%.
Interest income from consumer MHP and dealer loans increased by $1.5 million or 17.3%, driven by growth in loan portfolios.
legacy housing報告產品銷售減少680萬或18.3%，這主要由於直接銷售、移動房屋公園銷售和庫存融資銷售類別的單位成交量下降。
毛利潤率從32.9%下降到29.2%，主要歸因於由於生產水平下降導致的勞動吸收不足。
淨利潤輕微下降1.8%，降至1580萬，基本每股收益下降0.01或1.5%。
來自消費的MHP和經銷商貸款的利息收入增長150萬或17.3%，這主要得益於貸款組合的增長。
Business Progress:
業務進展：
Hosted a successful fall show in late September that extended the backlog into Q1 2025,
Made significant updates in home interior and exterior finishes to appeal to younger homebuyers,
Increased production in Texas plants post third-quarter,
Engaged in land sales strategically to focus on core properties,
Began operating two mobile home parks under a settlement agreement, aiming to enhance occupancy and monetize the properties.
在九月下旬舉辦了一場成功的秋季展會，使得訂單積壓延續到2025年第一季度，
對住宅室內外裝飾進行了重大更新，以吸引年輕購房者，
第三季度後，德克薩斯州的工廠加大生產，
戰略性地進行了土地銷售，以專注於核心物業，
根據和解協議開始運營兩個移動房屋公園，旨在提升入住率並實現物業變現。
Opportunities:
機會：
Legacy Housing is experiencing a growing demand in factory-built housing and sees a potential advantage due to regulatory reforms in the affordable housing sector.
legacy housing 在工廠建造住房中需求不斷增長，並因經濟適用房板塊的監管改革而看到潛在優勢。
Risks:
風險：
High interest rates continue to depress transaction volumes in the community business, impacting overall sales and operations pace.
高利率期貨繼續抑制社區業務的成交量，影響整體銷售和運營速度。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。