secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0000278166-24-000102
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Q1 EPS $4.11, down 22% YoY; insurance losses offset factory-built momentum
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- Net revenue $478M, up 0.4% YoY; diluted EPS $4.11 vs $5.29 (down 22.3%).
- Factory-built housing gross margin 22.6% (down from 24.8%); volume up 3.6%.
- Financial services segment posted $5.2M pretax loss from Texas storms and NM wildfires.
- Backlog $232M, up 21% from $191M three months ago; stock buybacks $29M in quarter.
- Sequential home-sales volume up 20%; capacity utilization improved to ~65% from ~60%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000102/0000278166-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000102/cvco-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000278166-24-000102

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