secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0000278166-22-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco reports record Q3 revenue $432M, net income $80M; diluted EPS $8.57 vs $2.12 YoY
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- Record net revenue $432M and net income $80M; diluted EPS $8.57 vs $2.12 in prior year quarter.
- Net income includes $29.9M net benefit from non-recurring energy efficient home tax credits ($3.23 per share).
- Factory-built housing gross margin improved to 25.2% from 17.4% YoY; factory utilization back to pre-pandemic 80%.
- Backlog $1.1B, up $633M from prior year; Commodore acquisition contributed $277M of backlog growth.
- Returned $9M to shareholders via stock repurchases in quarter; $29M year-to-date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816622000002/0000278166-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816622000002/cvco-20220203.htm
  HTML page:      https://secwatch.observer/filing/0000278166-22-000002

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