secwatch.observer — SEC 8-K summary
======================================

Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000278166-22-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Q2 net rev $577M (+60.6%), EPS $8.25; acquires Solitaire Homes for $93M cash
--------------------------------------------------------------------------------

- Net revenue $577M (+60.6% YoY), net income $74M (+97.1%), diluted EPS $8.25 vs $4.06.
- Factory-built housing revenue $560M (+63.6%), homes sold 5,111 (+42.1%), average price $109,490 (+15.1%).
- Backlog $651M, down $347M from prior quarter due to lower order rates and improved plant utilization (~80%).
- Acquired Solitaire Homes (4 plants, 22 retail locations) for $93M cash, expected close early Q4 FY2023.
- SEC litigation resolved with $1.5M penalty and injunction; facility expansions in AZ and NC commenced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816622000063/0000278166-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816622000063/cvco-2022101x8k.htm
  HTML page:      https://secwatch.observer/filing/0000278166-22-000063

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