Legacy Housing Corp (LEGH) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	257.0	197.5	176.7	169.0	161.9	128.7
Products	222.1	166.0	147.5	143.2	139.2	109.8
Net interest income	28.6	27.2	25.4	22.2	18.8
Other						3.3
Other income	6.4	4.3	3.9	3.6	4.0
Revenue growth	30.1%	11.8%	4.6%	4.4%	25.7%
Cost of goods sold	150.1	114.1	109.7	104.9	107.2	82.5
Gross profit	106.9	83.5	67.0	64.1	54.6	46.2
Gross margin	41.6%	42.3%	37.9%	37.9%	33.8%	35.9%
Selling, general and administrative	27.6	23.3	19.1	25.5	21.0
Other operating expenses	1.3	1.2	-0.7	0.7	0.8	18.1
EBITDA [+]	80.0	60.5	49.9	38.9	33.6	28.7
EBITDA growth	32.1%	21.3%	28.4%	15.5%	17.0%
EBITDA margin	31.1%	30.6%	28.2%	23.0%	20.8%	22.3%
Depreciation and amortization	1.9	1.6	1.2	1.0	0.8	0.7
EBIT [+]	78.0	58.9	48.7	37.8	32.8	28.1
EBIT growth	32.4%	21.0%	28.6%	15.4%	16.7%
EBIT margin	30.4%	29.8%	27.5%	22.4%	20.3%	21.8%
Non-recurring items [+]			1.1
Legal settlement			1.1
Interest expense, net [+]	-2.6	-1.2	0.1	0.4	2.3	2.0
Interest expense	0.4	0.9	1.1	0.7	2.5	2.0
Interest income	2.9	2.1	0.9	0.3	0.2
Other income (expense), net	1.6	0.5	1.4	0.2	0.2	0.4
Pre-tax income	82.1	60.6	48.8	37.6	30.6	26.5
Income taxes	14.4	10.8	10.8	8.7	9.1	0.1
Tax rate	17.5%	17.7%	22.2%	23.3%	29.8%	0.5%
Net income	67.8	49.9	38.0	28.8	21.5	26.3
Net margin	26.4%	25.3%	21.5%	17.1%	13.3%	20.5%

Basic EPS [+]	$2.78	$2.06	$1.57	$1.18	$1.07
Growth	35.0%	31.4%	32.6%	11.1%
Diluted EPS [+]	$2.74	$2.05	$1.57	$1.18	$1.07
Growth	33.3%	31.0%	32.8%	10.8%

Shares outstanding (basic) [+]	24.4	24.2	24.2	24.4	20.2
Growth	0.6%	-0.1%	-0.6%	20.7%
Shares outstanding (diluted) [+]	24.7	24.3	24.2	24.4	20.2
Growth	1.9%	0.2%	-0.8%	21.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.