secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000278166-22-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 5.07, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Q1 revenue $588M, EPS $6.63; backlog $1B; new $100M buyback; SEC settlement
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- Net revenue record $588M (+78% YoY); diluted EPS $6.63 vs $2.92; net income $60M.
- Factory-built housing segment revenue $573M (+83%); gross margin 24.4% vs 21.2%.
- Backlog $1.0B (+26% YoY); factory capacity utilization >85%, a 10-year record.
- Returned $39M to shareholders via buybacks; Board approved new $100M repurchase program.
- SEC litigation settlement reached in principle; expected within 60 days; not material to financials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816622000049/0000278166-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816622000049/cvco-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000278166-22-000049

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