secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000278166-23-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816623000077/0000278166-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816623000077/cvco-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000278166-23-000077

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