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Legacy Housing Corporation Reports Fourth Quarter 2020 Financial Results


Legacy Housing Corporation Reports Fourth Quarter 2020 Financial Results
March 16, 2021 23:55 ET
| Source:
Legacy Housing Corporation
Legacy Housing Corporation
Bedford, Texas, UNITED STATES
BEDFORD, Texas, March 16, 2021 (GLOBE NEWSWIRE) Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the fourth quarter ended December 31, 2020.
Financial Highlights:
Net revenue for the fourth quarter of 2020 was $48.7 million. This was a 12.5% or $5.4 million increase from the fourth quarter of 2019.
Interest revenue from our consumer and mobile home park portfolios for the fourth quarter of 2020 was $6.4 million. This was a 10.0% or $0.6 million increase from the fourth quarter of 2019.
Selling, general and administrative expense in the fourth quarter of 2020 was $4.9 million. This was a decrease of 20.9% or $1.6 million from the $6.6 million recorded in the fourth quar ....

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