Cavco Industries reports record Q2 revenue $360M, EPS $4.06, acquires Commodore for $156M

CAVCO INDUSTRIES, INC.

2022-Q2 EPS reported $6.97 revenue$689,965,000

Net revenue $360M, up 39% YoY; net income $38M, diluted EPS $4.06 vs $1.62.
Factory-built housing revenue $342M (+42%), home selling prices up 35% to $95,105.
Backlogs $1.1B, up 245% YoY, including $279M from Commodore acquisition.
Completed Commodore acquisition Sept 24 for $156M cash; adds 6 plants, 2 retail locations.
Returned $7.6M to shareholders via stock repurchases.

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