Cavco Q3 revenue down 10.8% to $447M; EPS $4.27 vs $6.66; new $100M buyback authorized

CAVCO INDUSTRIES, INC.

2024-Q3 EPS reported $14.34 revenue$1,374,674,000

Net revenue $447M (-10.8% YoY); net income per diluted share $4.27 vs $6.66 in prior year.
Factory-built housing gross margin fell to 22.4% from 25.5%; financial services margin dropped to 36.8% from 46.6%.
Backlog $160M at quarter end; orders written on same-plant basis highest in six quarters.
Board approved new $100M stock repurchase program, bringing total authorization to $139M including prior remaining.
Company repurchased ~$50M of stock during the quarter.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CAVCO INDUSTRIES, INC. reported the third fiscal quarter ended December 30, 2023 results: revenue $447 million, net income $35,987 thousand, EPS $4.27.

Period: the third fiscal quarter ended December 30, 2023
Revenue: $447 million
Net income: $35,987 thousand
EPS: $4.27
Result: reported results

Exact text from the filing

CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the third fiscal quarter ended December 30, 2023. Third Quarter Summary • Net revenue was $447 million, down $54 million or 10.8% compared to $501 million in the third quarter of the prior year. • Factory-built housing Gross profit as a percentage of Net revenue was 22.4%,

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

CAVCO INDUSTRIES, INC. filing history →

Source: SEC EDGAR

accession 0000278166-24-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.