secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0000278166-21-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco reports record Q1 revenue $330M, EPS $2.92; acquires Commodore for $153M
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- Record quarterly net revenue $330M (+29.7% YoY), net income $27M (+62.2%), diluted EPS $2.92 vs $1.80.
- Factory-built housing revenue $312M (+31.2% YoY); home sales volume up 10.5%, avg selling price up 18.7% to $84,401.
- Backlogs soared to $792M (+404.5% YoY); order rates nearly 50% higher.
- Announced acquisition of The Commodore Corp for $153M; expected close in Q3 FY2022, cash funded.
- Returned $12.8M to shareholders via stock repurchases during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816621000045/0000278166-21-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816621000045/cvco-20210805.htm
  HTML page:      https://secwatch.observer/filing/0000278166-21-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer