---
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"
generated_at: "2026-06-14T21:34:49.145542+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cavco Q4 EPS $5.39 vs $5.80 YoY; backlog falls to $244M from $1.1B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000278166-23-000026
- JSON: https://secwatch.observer/filing/0000278166-23-000026.json
- Plain text: https://secwatch.observer/filing/0000278166-23-000026.txt

## Key facts
- Earnings Releases
  CAVCO INDUSTRIES, INC. reported the fiscal year ended April 1, 2023 results: EPS $26.95.
  - Period: the fiscal year ended April 1, 2023
  - EPS: $26.95
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/278166/000027816623000026/0000278166-23-000026-index.htm
- Earnings Releases
  CAVCO INDUSTRIES, INC. reported the fourth quarter ended April 1, 2023 results: revenue $476 million, net income $47 million, EPS $5.39.
  - Period: the fourth quarter ended April 1, 2023
  - Revenue: $476 million
  - Net income: $47 million
  - EPS: $5.39
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/278166/000027816623000026/0000278166-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.