Ronald Arrington
Chief Financial Officer at Legacy Housing Corporation- Claim this Profile
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Bio
Greg Sakowski, CPA
Ron was meticulously organized and fastidiously documented such that his books were in shape to be audited at any time.
Greg Sakowski, CPA
Ron was meticulously organized and fastidiously documented such that his books were in shape to be audited at any time.
Greg Sakowski, CPA
Ron was meticulously organized and fastidiously documented such that his books were in shape to be audited at any time.
Greg Sakowski, CPA
Ron was meticulously organized and fastidiously documented such that his books were in shape to be audited at any time.
Credentials
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Certified Public Accountant
Texas State Board of Public AccountancyMay, 1988- Nov, 2024
Experience
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Legacy Housing Corporation
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United States
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Construction
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100 - 200 Employee
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Chief Financial Officer
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Apr 2022 - Sep 2023
A challenging role with an established Mobile Home Manufacturing market leader. Successfully restored accounting function and as a result was able to timely file 10-K and 10-Q SEC reports, (when hired in, the Company is 5 months behind in filing 2021 10-K and in serious jeopardy for being de-listed) eliminated 18 material weaknesses, implemented controls and restructured purchasing and inventory processes reducing raw material levels by 40%. As as direct result of restoring investor… Show more A challenging role with an established Mobile Home Manufacturing market leader. Successfully restored accounting function and as a result was able to timely file 10-K and 10-Q SEC reports, (when hired in, the Company is 5 months behind in filing 2021 10-K and in serious jeopardy for being de-listed) eliminated 18 material weaknesses, implemented controls and restructured purchasing and inventory processes reducing raw material levels by 40%. As as direct result of restoring investor confidence in reporting integrity, the NASDAQ listed (LEGH) stock value increased 110%+. Sucessfully secured a $50M line of credit and establishing new banking relationships. Completely reorganized our treasury fuction to reduce complexity and provide transparency. Jumpstarted SOX compliance implementation by building a team and a schedule for completion in 2023. Show less A challenging role with an established Mobile Home Manufacturing market leader. Successfully restored accounting function and as a result was able to timely file 10-K and 10-Q SEC reports, (when hired in, the Company is 5 months behind in filing 2021 10-K and in serious jeopardy for being de-listed) eliminated 18 material weaknesses, implemented controls and restructured purchasing and inventory processes reducing raw material levels by 40%. As as direct result of restoring investor… Show more A challenging role with an established Mobile Home Manufacturing market leader. Successfully restored accounting function and as a result was able to timely file 10-K and 10-Q SEC reports, (when hired in, the Company is 5 months behind in filing 2021 10-K and in serious jeopardy for being de-listed) eliminated 18 material weaknesses, implemented controls and restructured purchasing and inventory processes reducing raw material levels by 40%. As as direct result of restoring investor confidence in reporting integrity, the NASDAQ listed (LEGH) stock value increased 110%+. Sucessfully secured a $50M line of credit and establishing new banking relationships. Completely reorganized our treasury fuction to reduce complexity and provide transparency. Jumpstarted SOX compliance implementation by building a team and a schedule for completion in 2023. Show less
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XIT Paving and Construction
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Waxahachie, Texas, United States
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Interim Corporate Controller
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May 2021 - Apr 2022
Company has no accounting leadership for almost 2 years and was in need of establishing procedures, policies, standardized closing procedures. Introduced budgeting, financial analysis, fully GAAP compliant financial reporting on timely basis, audit liaison that delivered reports early and under budget. Company has no accounting leadership for almost 2 years and was in need of establishing procedures, policies, standardized closing procedures. Introduced budgeting, financial analysis, fully GAAP compliant financial reporting on timely basis, audit liaison that delivered reports early and under budget.
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Applied Aerodynamics, Inc - Spirit Aerosystems, Inc.
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Dallas/Fort Worth Area
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Corporate Controller CFO
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Oct 2018 - Apr 2021
Bringing my cost and manufacturing background to a new industry. Applied Aeodynamics, Inc, is a strong company specializing in outstanding structural repair and overhaul of thrust reversers, flight controls, radomes/tailcones, nacelles, doors, panels and more. Lots to do with implementing best practices to facilitate growth that is accelerating. Wow, that was success in a hurry! Was able to completely reorganize the company, solidify the balance sheet, attain record profit, host an… Show more Bringing my cost and manufacturing background to a new industry. Applied Aeodynamics, Inc, is a strong company specializing in outstanding structural repair and overhaul of thrust reversers, flight controls, radomes/tailcones, nacelles, doors, panels and more. Lots to do with implementing best practices to facilitate growth that is accelerating. Wow, that was success in a hurry! Was able to completely reorganize the company, solidify the balance sheet, attain record profit, host an acquisition bid by a Fortune 500 corporation, and successfully close the deal. With the closing, I was off to XIT. Show less Bringing my cost and manufacturing background to a new industry. Applied Aeodynamics, Inc, is a strong company specializing in outstanding structural repair and overhaul of thrust reversers, flight controls, radomes/tailcones, nacelles, doors, panels and more. Lots to do with implementing best practices to facilitate growth that is accelerating. Wow, that was success in a hurry! Was able to completely reorganize the company, solidify the balance sheet, attain record profit, host an… Show more Bringing my cost and manufacturing background to a new industry. Applied Aeodynamics, Inc, is a strong company specializing in outstanding structural repair and overhaul of thrust reversers, flight controls, radomes/tailcones, nacelles, doors, panels and more. Lots to do with implementing best practices to facilitate growth that is accelerating. Wow, that was success in a hurry! Was able to completely reorganize the company, solidify the balance sheet, attain record profit, host an acquisition bid by a Fortune 500 corporation, and successfully close the deal. With the closing, I was off to XIT. Show less
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D.L. Rogers Corp.
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United States
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Restaurants
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1 - 100 Employee
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Chief Financial Officer & Construction Director
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Sep 2013 - Aug 2018
• Executed multiple acquisitions – up to $75 million each that were successfully integrated • Increased top line revenue by $110 Million or 30% in three years. • AUV increases of $290,000 – currently in excess of $1.5 Million • Net income increased to $25M over 3 years - representing a 105% growth in the bottom line. • Negotiated over $250 million financial instruments to allow for further growth • Increased operating cash flow by $29 million annually • Implemented a robust,… Show more • Executed multiple acquisitions – up to $75 million each that were successfully integrated • Increased top line revenue by $110 Million or 30% in three years. • AUV increases of $290,000 – currently in excess of $1.5 Million • Net income increased to $25M over 3 years - representing a 105% growth in the bottom line. • Negotiated over $250 million financial instruments to allow for further growth • Increased operating cash flow by $29 million annually • Implemented a robust, point of sale by means of intelligent customer interface/point of purchase menu and ordering system representing a capital expenditure of $29 Million – creating over a 5% sales increase. • Reduced construction per unit cost by $400,000 each – a 14% cost reduction by implementing robust project job management policies and procedures that were previously lacking • Significant estate and succession planning to provide for a secure future organizational security for generational change. • Improved strategic and operational efficiencies by merging multiple entities and reducing audit, accounting, and administrative cost. • Team building – established great relationships with operating management whereby information and decision making was collaborative and holistic. * Independent audit time reduced by 40%, with minimal adjustments * Over $70M corporate M&A projects completed * Over $60M in additional financing secured Show less • Executed multiple acquisitions – up to $75 million each that were successfully integrated • Increased top line revenue by $110 Million or 30% in three years. • AUV increases of $290,000 – currently in excess of $1.5 Million • Net income increased to $25M over 3 years - representing a 105% growth in the bottom line. • Negotiated over $250 million financial instruments to allow for further growth • Increased operating cash flow by $29 million annually • Implemented a robust,… Show more • Executed multiple acquisitions – up to $75 million each that were successfully integrated • Increased top line revenue by $110 Million or 30% in three years. • AUV increases of $290,000 – currently in excess of $1.5 Million • Net income increased to $25M over 3 years - representing a 105% growth in the bottom line. • Negotiated over $250 million financial instruments to allow for further growth • Increased operating cash flow by $29 million annually • Implemented a robust, point of sale by means of intelligent customer interface/point of purchase menu and ordering system representing a capital expenditure of $29 Million – creating over a 5% sales increase. • Reduced construction per unit cost by $400,000 each – a 14% cost reduction by implementing robust project job management policies and procedures that were previously lacking • Significant estate and succession planning to provide for a secure future organizational security for generational change. • Improved strategic and operational efficiencies by merging multiple entities and reducing audit, accounting, and administrative cost. • Team building – established great relationships with operating management whereby information and decision making was collaborative and holistic. * Independent audit time reduced by 40%, with minimal adjustments * Over $70M corporate M&A projects completed * Over $60M in additional financing secured Show less
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The Fricks Company
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Construction
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1 - 100 Employee
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Chief Financial Officer and Controller
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Apr 1996 - Jun 2013
Joined company in recovery phase from financial difficulties. Resolved growth problems and developed a robust balance sheet and earnings significantly above industry average. Developed Best of Class management of treasury and accounting functions, established policies and procedures to dramatically increase cash flow, reduced days outstanding by aggressively closing out project fostering strong bonds with customers which facilitated repeat business. • Restructured cost and accounting… Show more Joined company in recovery phase from financial difficulties. Resolved growth problems and developed a robust balance sheet and earnings significantly above industry average. Developed Best of Class management of treasury and accounting functions, established policies and procedures to dramatically increase cash flow, reduced days outstanding by aggressively closing out project fostering strong bonds with customers which facilitated repeat business. • Restructured cost and accounting practices to reduce head counts, increased velocity of cost and financial information and reduced monthly close out by 15 days. • Authored and implemented a unique business plan for a construction material supply operation in Chile, and expanding into other South American countries - a result of extensive due diligence and research with foreign labor unions, and governments. No outside consultants were utilized. • Reduced property and casualty insurance by over 60% and reducing EMR to 0.75 • Utilized a captive insurance program to return to stockholders, insurance profit previously given away –currently our savings invested offshore with the Captive has grown to over $450 thousand. • Reducing audit and tax preparation expense by 70% by bring in-house accounting activities previously outsourced and not performed timely or cost effectively. • Established a Canadian subsidiary which subsequently became a major profit center - several multimillion $ in projects in Canada with assistant from Provincial Ministries, as well as numerous Federal Ministries, and Members of Parliament. • Increase bond line from surety significantly Show less Joined company in recovery phase from financial difficulties. Resolved growth problems and developed a robust balance sheet and earnings significantly above industry average. Developed Best of Class management of treasury and accounting functions, established policies and procedures to dramatically increase cash flow, reduced days outstanding by aggressively closing out project fostering strong bonds with customers which facilitated repeat business. • Restructured cost and accounting… Show more Joined company in recovery phase from financial difficulties. Resolved growth problems and developed a robust balance sheet and earnings significantly above industry average. Developed Best of Class management of treasury and accounting functions, established policies and procedures to dramatically increase cash flow, reduced days outstanding by aggressively closing out project fostering strong bonds with customers which facilitated repeat business. • Restructured cost and accounting practices to reduce head counts, increased velocity of cost and financial information and reduced monthly close out by 15 days. • Authored and implemented a unique business plan for a construction material supply operation in Chile, and expanding into other South American countries - a result of extensive due diligence and research with foreign labor unions, and governments. No outside consultants were utilized. • Reduced property and casualty insurance by over 60% and reducing EMR to 0.75 • Utilized a captive insurance program to return to stockholders, insurance profit previously given away –currently our savings invested offshore with the Captive has grown to over $450 thousand. • Reducing audit and tax preparation expense by 70% by bring in-house accounting activities previously outsourced and not performed timely or cost effectively. • Established a Canadian subsidiary which subsequently became a major profit center - several multimillion $ in projects in Canada with assistant from Provincial Ministries, as well as numerous Federal Ministries, and Members of Parliament. • Increase bond line from surety significantly Show less
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Haws and Tingle Construction, LP
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Fort Worth, Texas
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Chief Financial Officer
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Jan 2000 - Jun 2002
Large regional general contractor had outgrown the existing accounting department. Developed a reliable cost accounting system with strong internal controls. Established policies for project management and reduced contracting risk. Several large contracts demanded expert financial leadership to successfully close. • Successfully negotiated over $100 million in proceed and price change orders for fast-tracked domestic truck manufacturing plant when several national construction… Show more Large regional general contractor had outgrown the existing accounting department. Developed a reliable cost accounting system with strong internal controls. Established policies for project management and reduced contracting risk. Several large contracts demanded expert financial leadership to successfully close. • Successfully negotiated over $100 million in proceed and price change orders for fast-tracked domestic truck manufacturing plant when several national construction litigation law firms were doubtful of a equitable outcome. • Collected interest from the US Treasury Department for contract payment delays on the Bureau of Engraving and Printing plant construction – the only known instance of this type of payment ever made. • Increase total bonding line by over $25 million. • Prompt closing of all projects, several were 8-12 month in arrears. • Reduced close out timing and cost and federal income tax reductions Show less Large regional general contractor had outgrown the existing accounting department. Developed a reliable cost accounting system with strong internal controls. Established policies for project management and reduced contracting risk. Several large contracts demanded expert financial leadership to successfully close. • Successfully negotiated over $100 million in proceed and price change orders for fast-tracked domestic truck manufacturing plant when several national construction… Show more Large regional general contractor had outgrown the existing accounting department. Developed a reliable cost accounting system with strong internal controls. Established policies for project management and reduced contracting risk. Several large contracts demanded expert financial leadership to successfully close. • Successfully negotiated over $100 million in proceed and price change orders for fast-tracked domestic truck manufacturing plant when several national construction litigation law firms were doubtful of a equitable outcome. • Collected interest from the US Treasury Department for contract payment delays on the Bureau of Engraving and Printing plant construction – the only known instance of this type of payment ever made. • Increase total bonding line by over $25 million. • Prompt closing of all projects, several were 8-12 month in arrears. • Reduced close out timing and cost and federal income tax reductions Show less
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Mapsco, Inc.
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Book and Periodical Publishing
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1 - 100 Employee
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VP Finance
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Jan 1990 - Apr 1996
Publisher of city street guides and map products with multiple retail outlets and distribution channels was acquired by an investment group. I was engaged to bring reporting and inventory to best of class standards. • Inventory shrinkage was reduced by $600,000 by use of controls • Created store profitability standards to indentified lagging stores and allowed turn-around where possible and closures where necessary. • Planned, supervised, and completed store start-ups and store… Show more Publisher of city street guides and map products with multiple retail outlets and distribution channels was acquired by an investment group. I was engaged to bring reporting and inventory to best of class standards. • Inventory shrinkage was reduced by $600,000 by use of controls • Created store profitability standards to indentified lagging stores and allowed turn-around where possible and closures where necessary. • Planned, supervised, and completed store start-ups and store closures. • Developed in-house a robust point of sale system that allowed real-time management of inventory to ensure product was located in the most salable location. • Increased dramatically profitability by identifying and classifying turns/margin metrics and refocusing product lines and ordering points. • Cost accounting allowed identifying and eliminating 3 unprofitable divisions and numerous in-house product lines. • Due diligence, acquisition, and integration of regional map producers in Colorado and Texas. Show less Publisher of city street guides and map products with multiple retail outlets and distribution channels was acquired by an investment group. I was engaged to bring reporting and inventory to best of class standards. • Inventory shrinkage was reduced by $600,000 by use of controls • Created store profitability standards to indentified lagging stores and allowed turn-around where possible and closures where necessary. • Planned, supervised, and completed store start-ups and store… Show more Publisher of city street guides and map products with multiple retail outlets and distribution channels was acquired by an investment group. I was engaged to bring reporting and inventory to best of class standards. • Inventory shrinkage was reduced by $600,000 by use of controls • Created store profitability standards to indentified lagging stores and allowed turn-around where possible and closures where necessary. • Planned, supervised, and completed store start-ups and store closures. • Developed in-house a robust point of sale system that allowed real-time management of inventory to ensure product was located in the most salable location. • Increased dramatically profitability by identifying and classifying turns/margin metrics and refocusing product lines and ordering points. • Cost accounting allowed identifying and eliminating 3 unprofitable divisions and numerous in-house product lines. • Due diligence, acquisition, and integration of regional map producers in Colorado and Texas. Show less
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Education
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1980 - 1985
The University of Texas at Arlington
BBA, Accounting
Community
