Cavco Industries Reports Fiscal 2023 First Quarter Results
Cavco Industries, Inc. (CVCO)
US:NASDAQ Investor Relations:
investor.cavco.com
Company Research
Source: GlobeNewswire
PHOENIX, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the first fiscal quarter ended July 2, 2022 and provided updates on other business items. Quarterly Highlights Record breaking Net revenue and Net income of $588 million and $60 million, respectively.Gross profit as a percentage of Net revenue increased to 24.6% compared to 22.4% in last year's first quarter, with factory-built housing gross profit as a percentage of Net revenue at 24.4% in the current year quarter.Earnings per diluted share were $6.63 compared to $2.92 in last year's first quarter.Factory utilization increased to over 85%, a record level over the last 10 years.Backlogs were $1.0 billion at the end of the quarter, up $206 million from a year ago.Returned nearly $39 million to shareholders through stock repurchases, fully utilizing the repurchase program authorization from October 2020. In addition, the Company's Board of Directors approved a n
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News
- Is Cavco Industries, Inc.'s (NASDAQ:CVCO) Latest Stock Performance A Reflection Of Its Financial Health? [Yahoo! Finance]Yahoo! Finance
- Quarterly Update: Analyzing Cavco's Triumph In Affordable Housing [Seeking Alpha]Seeking Alpha
- Cavco (CVCO) Moves to Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
- Cavco Industries: Fantastic Business But Transition Period To Avoid [Seeking Alpha]Seeking Alpha
- Cavco Industries Receives Training Magazine APEX Award Recognition [Yahoo! Finance]Yahoo! Finance
CVCO
Earnings
- 2/1/24 - Miss
CVCO
Sec Filings
- 4/19/24 - Form 4
- 2/15/24 - Form 4
- 2/14/24 - Form 144
- CVCO's page on the SEC website