earnings
confidence high
sentiment positive
materiality 0.85
Cavco Q4 revenue $505M, EPS $5.80; full-year EPS $21.34; approves $100M buyback
CAVCO INDUSTRIES, INC.
2022-FY EPS reported
$21.34
revenue$1,627,158,000
- Q4 net revenue $505M (+65% YoY); net income $54M (+113%); diluted EPS $5.80 vs $2.71.
- Full-year net revenue $1.63B (+47%); EPS $21.34 vs $8.25; includes $3.28/share from energy tax credits.
- Backlog $1.1B (+82% YoY); factory utilization >80%; added Commodore operations (6 plants).
- Board approved $100M stock repurchase program; prior $100M program fully utilized.
- Factory-built housing gross margin 24.5% (+390 bps YoY); consolidated gross margin 25.6%.