{"schema_version":"secwatch.filing_event.v1","accession":"0000278166-23-000026","form_type":"8-K","ticker":"CVCO","cik":"0000278166","company_name":"CAVCO INDUSTRIES, INC.","filed_at":"2023-05-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.698487+00:00","generated_at":"2026-06-14T21:34:49.145542+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cavco Q4 EPS $5.39 vs $5.80 YoY; backlog falls to $244M from $1.1B","bullets":["Net revenue $476M (-5.8% YoY); full-year revenue $2.14B (+32%).","Q4 diluted EPS $5.39 (down 7.1%); full-year EPS $26.95 (up 26.3%).","Backlog at April 1, 2023 was $244M vs $427M three months ago and $1.1B a year ago.","Acquired Solitaire Homes contributed $28M revenue; had pre-tax loss of $0.8M.","Returned nearly $30M to shareholders via stock repurchases in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0000278166-23-000026","json":"https://secwatch.observer/filing/0000278166-23-000026.json","markdown":"https://secwatch.observer/filing/0000278166-23-000026.md","text":"https://secwatch.observer/filing/0000278166-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/278166/000027816623000026/0000278166-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/278166/000027816623000026/cvco-20230518.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T21:34:49.145542+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b68b1bde7b7d27eb80457d9622b586fb28d1e169","claim":"CAVCO INDUSTRIES, INC. reported the fiscal year ended April 1, 2023 results: EPS $26.95.","evidence_excerpt":"Full Fiscal Year Highlights • Thirteenth straight year of revenue and earnings growth, with Net revenue up 32% and Income before income taxes up 45% compared to last year. • Gross profit as a percentage of Net revenue increased 80 bps to 25.9%, with factory-built housing gross profit as a percentage of Net revenue increasing 140 bps to 25.3%. • Earnings per diluted share was $26.95 compared to $21.34 last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/278166/000027816623000026/0000278166-23-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended April 1, 2023"},{"label":"EPS","value":"$26.95"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ed94bb815b9207d9746aedd8de91dd0497103afa","claim":"CAVCO INDUSTRIES, INC. reported the fourth quarter ended April 1, 2023 results: revenue $476 million, net income $47 million, EPS $5.39.","evidence_excerpt":"Quarterly Highlights • Net revenue and Net income of $476 million and $47 million, respectively. Solitaire Homes contributed $28 million of Net revenue and had a pre-tax loss of $0.8 million, which includes expected purchase accounting adjustments. • Gross profit as a percentage of Net revenue was 25.3% with factory-built housing gross profit as a percentage of Net revenue at 24.4%, down 30 bps and 10 bps, respectively, from last year's fourth quarter. ◦ Purchase accounting adjustment related to Solitaire Homes reduced factory-built housing gross margins 40 bps in the current period. • Earnings per diluted share was $5.39 compared to $5.80 in last year's fourth quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/278166/000027816623000026/0000278166-23-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended April 1, 2023"},{"label":"Revenue","value":"$476 million"},{"label":"Net income","value":"$47 million"},{"label":"EPS","value":"$5.39"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}