secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000278166-24-000147
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Q2 revenue up 12% to $507M, EPS $5.28; approves $100M buyback
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- Q2 net revenue $507M (+12.3% YoY); diluted EPS $5.28 vs $4.76 (+10.9%).
- Factory-built housing revenue up 12%; home sales volume +15.7%; capacity utilization ~70%.
- Backlog increased 19% sequentially to $276M; modules in backlog up 20%.
- Financial services gross profit down 28.7% due to Hurricane Beryl claims ($4M impact).
- Board approved new $100M share repurchase program; Q2 repurchases totaled ~$44M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000147/0000278166-24-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000147/cvco-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000278166-24-000147

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