secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000278166-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Q3 rev $501M (+16%), EPS $6.66; backlog down 34%; acquires Solitaire Homes for $93M
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- Net revenue $500.6M, up 16% YoY; factory-built housing revenue $481.2M (+16.3%).
- Diluted EPS $6.66 vs $8.57 prior year, which included $3.23/share energy tax credit benefit.
- Backlog $427M, down $224M (34%) from $651M in prior quarter due to lower orders.
- Acquired Solitaire Homes on Jan 3, 2023 for $93M cash; adds four factories and 22 retail locations.
- Stock repurchases totaled $34M in Q3 and $73M fiscal year-to-date; cash balance over $280M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816623000006/0000278166-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816623000006/cvco-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000278166-23-000006

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