---
schema_version: "secwatch.filing_event.v1"
accession: "0000278166-23-000077"
form_type: "8-K"
ticker: "CVCO"
cik: "0000278166"
company_name: "CAVCO INDUSTRIES, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:13:27.476190+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cavco Q2 revenue down 21.7% YoY to $452M; EPS $4.76 vs $8.25

## Summary
- Net revenue $452M, down 21.7% YoY; diluted EPS $4.76 vs $8.25 in prior year.
- Factory-built housing gross margin fell to 23.2% from 26.7% on lower volume and selling prices.
- Backlogs held at $170M (~6 weeks); $47M returned to shareholders via buybacks.
- Income before taxes $52M, down 44.1% YoY; financial services margins hurt by weather claims.
- CEO cites rising interest rates with no relief for prospective homeowners; affordable housing crisis worsens.

## SEC filing metadata
- accession: 0000278166-23-000077
- form_type: 8-K
- ticker: CVCO
- cik: 0000278166
- company_name: CAVCO INDUSTRIES, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278166/000027816623000077/0000278166-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278166/000027816623000077/cvco-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000278166-23-000077
- JSON: https://secwatch.observer/filing/0000278166-23-000077.json
- Plain text: https://secwatch.observer/filing/0000278166-23-000077.txt

## Key facts
- Earnings Releases
  CAVCO INDUSTRIES, INC. reported fiscal second quarter ended September 30, 2023 results: revenue $452 million, EPS $4.76.
  - Period: fiscal second quarter ended September 30, 2023
  - Revenue: $452 million
  - EPS: $4.76
  - Result: reported results
  source text: Net revenue was $452 million, down 21.7% compared to $577 million in the second quarter of the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/278166/000027816623000077/0000278166-23-000077-index.htm

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