Legacy Housing: Q1 Earnings Snapshot
BEDFORD, Texas (AP) — BEDFORD, Texas (AP) — Legacy Housing Corp. (LEGH) on Monday reported earnings of $10.3 million in its first quarter.
On a per-share basis, the Bedford, Texas-based company said it had profit of 41 cents.
The mobile home manufacturing company posted revenue of $35.7 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEGH at https://www.zacks.com/ap/LEGH
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
44 minutes ago
- Yahoo
May Data: Dallas-Fort Worth Home Listings Lead Nation
Dallas-Fort Worth's home inventory surged to its highest level in years, according to data from In May, home listings in the Metroplex were up 16.7% compared to one year prior. Nearly 33,780 homes were listed in the month, the highest number of listings in any market in the country. Bill Kitchens, director of market analytics at said the results indicate a recovery to the trends witnessed before the pandemic kicked off. 'We're seeing this shift in the balance of power moving closer in favor of the buyers. The buyers have more options than they had a year ago or even two years ago, so it's an indication that we're seeing a much more balanced market compared to not too long ago,' he said, per WFAA. In terms of growth, DFW ranked No. 17. Nationally, average home inventory expanded by 17.2%, with Atlanta taking the top spot in May at 41.6%. Prospective buyers will likely welcome the plethora of options currently available in DFW; sellers, not so much. 'For someone who's selling their home, I think it's important to understand that they may have more competition than they've had in the past, and this also affects price,' said Kitchens. It is not just homes that are leading in the real estate sector in North Texas. Last month, The Dallas Express detailed a report from Lodging Econometrics that said Dallas led the nation with the largest hotel construction pipeline during the first quarter of 2025. In Q1, the Big D boasted 203 projects covering 24,496 rooms, a record high.
Yahoo
an hour ago
- Yahoo
Finally, Some Good News for Tesla Investors
Per Elon Musk's X account, self-driving testing with no driver in the car is already happening. The fleet will grow to roughly 1,000 vehicles within a few months. Musk is stepping away from his role with DOGE. These 10 stocks could mint the next wave of millionaires › Tesla's (NASDAQ: TSLA) challenges have been numerous in 2025, and investors can be forgiven for wanting to take a mulligan and perhaps redo the past six months. The electric vehicle (EV) maker is facing sales declines in key markets, backlash from consumers due to CEO Elon Musk's political antics, and another massive price cut from BYD in China, among other headwinds. Finally, some good news for Tesla investors to chew on: driverless vehicle testing and Musk's political exit. Tesla might really be doing this whole robotaxi thing, after years of overpromising on its strategy to eventually derive most of the company's value through its Robotaxi ambitions. In fact, it may already be happening under our noses. According to CEO Elon Musk via his X account, Tesla has been testing self-driving Model Y vehicles with no one in the driver's seat for several days on the public streets of Austin, Texas. This isn't exactly news, considering Tesla promised to launch the robotaxi service in June, but nobody would blame investors for being skeptical the automaker would once again fall short of expectations. More specifically to the launch of driverless technology, Tesla will do a slow rollout, with plans to geofence its vehicles to the "safest" parts of Austin. It will initially start with a few Tesla-owned Model Ys before planning to grow to roughly 1,000 vehicles within a few months. Tesla investors will be holding their collective breath during the initial rollout because the danger is real, competitors and critics are watching, and the stakes are high. Remember, General Motors invested billions into its Cruise driverless vehicle subsidiary before throwing in the towel after a pedestrian incident (among other challenges). There's at least one person in Tesla's corner, however. "There will be many setbacks, but given its unmatched scale and scope globally, we believe Tesla has the opportunity to own the autonomous market," said Dan Ives, an analyst at Wedbush Securities, according to Automotive News. "The march to a $2 trillion valuation for Tesla over the next 12 to 18 months has now begun." No, this subhead isn't regarding remote workers moving back to the office, but rather the company's controversial CEO exiting his role with the Trump administration. Musk is allegedly back to working 24/7 and sleeping at the Tesla factory. On May 28, Musk again took to his X account to thank President Donald Trump for his time working with Department of Government Efficiency, or DOGE, and a White House official confirmed with Reuters the information, adding, "Off-boarding will begin tonight." As much of the consumer backlash, protests, and brand defections were driven by Musk's political antics, investors should be thrilled to hear this adventure is coming to an end. It's likely to blow over in time. At the end of the day, 2025 still brings many challenges for the automaker facing sales adversity for essentially the first time, but these two developments were at least a breath of fresh air for Tesla investors tired of taking in the bad news. While Tesla might look like a buying opportunity right now, and it very well could prove to be long-term, investors would be wise to wait and see the direction of the company first. Currently, it feels like a company torn between manufacturing cars, ramping up robotaxi business, or developing artificial intelligence (AI) and robotics. Either way, stay tuned: Tesla's story is still in the early innings. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $367,516!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,712!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $669,517!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 2, 2025 Daniel Miller has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends BYD Company and General Motors. The Motley Fool has a disclosure policy. Finally, Some Good News for Tesla Investors was originally published by The Motley Fool Sign in to access your portfolio
New York Post
2 hours ago
- New York Post
Craft giant Michaels buys Joann's intellectual property, fan-favorite labels
NEW YORK — Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing and yarn offerings. 'We're honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels,' Michaels CEO David Boone said in a statement. Advertisement Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home. Christopher Sadowski The deal, he added, allows the company to better 'respond to rising demand' among both new and existing customers. Financial terms of the acquisition were not disclosed. The Associated Press reached out to Michaels for further information on Friday. Advertisement With roots dating back to a single Ohio storefront in 1943, Joann had grown into a destination for generations of sewers, quilters, knitters and lovers of other crafts for more than 80 years. But more recently, operational challenges continued to pile up — with the retailer pointing to sluggish consumer demand, inventory shortages and rising competition. Joann announced it would be going out of business back in February, just one month after filing for Chapter 11 bankruptcy protection for the second time within a year. Advertisement The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands. NurPhoto via Getty Images At the time, the company said financial services company GA Group, together with Joann's term lenders, had been selected as the winning bidder to 'acquire substantially all of Joann's assets' and conduct going-out-of-business sales at all store locations. Michaels on Thursday said that its purchase of Joann's IP and private brands included the acquisition of 'Big Twist' yarns, which had become a staple in Joann stores over the years. Those 'Big Twist' labels are now being developed as part of Michaels' portfolio — and will be available in-stores and online later this year, the company said. Advertisement In the meantime, Michaels has also dedicated a landing page to welcome former Joann customers online. And as part of its overall expansion into fabrics, Michaels said on Thursday that its adding more than 600 new products from new and existing brands — including quilting supplies and fabrics, specialty threads, sewing machines and more. Michaels, founded in 1973, currently operates 1,300 stores across 49 U.S. states and Canada. Its parent company also owns Artistree, a framing merchandise manufacturer.
