secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0000278166-24-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Q4 net income down 28% YoY; FY revenue falls 16% to $1.795B
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- Q4 net revenue $420M, net income $34M, diluted EPS $4.03 vs $5.39 last year.
- Full-year revenue $1.795B, down 16.2% YoY; diluted EPS $18.37 vs $26.95.
- Factory-built housing gross margin 22.4% (Q4) vs 24.4% prior year; lower sales volume main driver.
- Backlog $191M, up 19% from prior quarter but down from $244M a year ago.
- Stock repurchases ~$110M in fiscal year; Solitaire acquisition integrated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000054/0000278166-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000054/cvco-20240523.htm
  HTML page:      https://secwatch.observer/filing/0000278166-24-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer