Cavco Industries

Cavco Industries, Inc. engages in the development of residential modular structures. It offers manufactured homes, modular homes, park model RVs and cabins, commercial structures, mortgage lending, and insurance. The firm’s brands include Cavco, Fleetwood, Palm Harbor and Fairmont, Friendship, Chariot Eagle and Destiny. The company operates through following segments: Factory-Built Housing, which includes wholesale and retail systems-built housing operations and Financial Services, which include manufactured housing consumer finance and insurance. It also designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. The company was founded in 1965 and is headquartered in Phoenix, AZ.

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Cavco Industries faces challenges but maintains strong margins and balance sheet

CVCO faced challenges in volume, revenue, and pre-tax profit, but demonstrated resilience with improved net orders and strong gross margins. The company's acquisition and share repurchases maintained a robust balance sheet. Retailer activity suggests potential for future order improvement, and the company is prepared for the return of demand.

CVCO reports consistent Q2 results, faces production challenges and opportunities

CVCO's Q2 2023 performance was marked by consistent financial results, a decrease in net revenue, and a focus on managing costs and generating cash. Despite challenges related to production outpacing orders and a decline in base business homes sold, the company's strong financial services segment and cash balance present opportunities for strategic adjustments and improvements.

Cavco Industries excels in Q3 earnings, eyes growth opportunities

Cavco Industries delivered strong financial results in Q3 2023, with revenue and profit growth driven by pricing strategies and operational efficiencies.
The company's focus on customer experience, strategic acquisitions, and operational collaboration positions it well for sustained growth and market competitiveness.
While facing challenges such as backlog fluctuations and regional risks, Cavco remains agile in seizing opportunities like increased demand and digital market expansion.
With a solid balance sheet and a commitment to through-the-cycle opportunities, Cavco is poised to navigate market uncertainties and drive long-term value creation.

Cavco Industries faces challenges but shows resilience and growth potential

Cavco Industries navigated a challenging operating environment in Q4 2023, focusing on cost management and sustaining profit amidst lower volumes. Despite revenue and profit declines, the company showcased resilience, completed a strategic acquisition, and emphasized growth opportunities in the manufactured housing business.

Cavco Industries reports steady Q1 performance amidst growth opportunities

Cavco Industries maintained stable financial performance in Q1 2024, with a focus on operational efficiency and strategic acquisitions.
While facing challenges such as lower revenue and margin pressures, the company is leveraging opportunities for growth and capital optimization.
With a strong balance sheet, focus on product enhancements, and readiness to meet increased demand, Cavco is poised for future success.
Investors can expect continued value creation through stock repurchases and operational improvements in a dynamic market environment.

Cavco Industries reports Q2 revenue of $452M, focuses on quality homes and growth opportunities

Cavco Industries navigated challenges in production and profitability, maintaining a strong backlog and cash balance while focusing on quality homes and social responsibility.
Despite margin pressures and profit decline, the company's strategic readiness for growth opportunities and market expansion positions them well for future success.
Management's emphasis on addressing housing deficits and gratitude for investor interest underscore a commitment to sustainable growth and market leadership.

Cavco Industries reports Q3 challenges, eyes strategic growth opportunities

Cavco Industries navigated challenges in Q3 2024 with a focus on strategic growth and affordable housing initiatives.
The company showcased strong financials, stable backlogs, and readiness for future expansion.
Management expressed optimism for improving market conditions and highlighted successful product developments.
Analysts raised concerns about production outlook, cost drivers, and industry capacity expansion.

Cavco Industries overcomes Q4 challenges, eyes growth opportunities ahead

Cavco Industries navigated a challenging Q4 2024 with revenue decline but showed resilience with increased backlog and cash balance. Strategic initiatives focusing on customer relationships, margin management, and retail expansion position the company for future growth amidst industry shifts and pricing pressures.

Cavco Industries reports mixed Q1 performance, eyes growth opportunities

Cavco Industries navigated a mixed performance in Q1 2025, with revenue growth in segments but challenges in profitability metrics.
The company's focus on managing costs, improving community orders, and leveraging product line strengths can drive future growth.
Despite margin pressure and profit decline, Cavco's liquidity position, backlog growth, and product reception offer optimism for the future.
Strategic actions to address challenges and capitalize on opportunities will be key for Cavco's sustained success and profitability.

Cavco Industries reports strong Q2 earnings amidst operational challenges

Cavco Industries delivered robust financial results in Q2 2025, driven by increased units sold and higher average selling prices, showcasing operational strength.
While facing challenges such as hurricane impacts and margin fluctuations, the company maintains financial stability and profitability.
Opportunities lie in leveraging strong demand, enhancing operational efficiency, and exploring new growth avenues to drive future success.
Overall, Cavco Industries' performance reflects resilience and potential for sustained growth in the dynamic housing market landscape.

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PHOENIX, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") announces that as of today, the collective bargaining agreement between Pennwest TCC and The International Association of Machinists, which represents employees at the Company's Emlenton, PA manufacturing plant, has expired. As a result, the Union employees elected to go on strike. We are eager to get back to the negotiating table and continue bargaining in good faith toward a contract that recognizes the Company's commitment to our employees. Negotiations are expected to resume early next week.

Collective Bargaining Agreement Covering Employees of Cavco's Emlenton, Pennsylvania Plant Expires

PHOENIX, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) announced today that the first homes have been purchased by two graduates of its unique Homes for Our Own (HFOO) program. The program is a six-week, interactive workshop to help educate company employees on how to budget, how to buy a home and then, if they choose to move forward, to help them purchase their first home.

Cavco Announces the First Homes Have Been Purchased by Graduates of Its Homes for Our Own Program

PHOENIX, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") is pleased to announce that effective February 13, 2024, Seth Schuknecht will be the company's Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer.

Seth Schuknecht Appointed General Counsel, Corporate Secretary and Chief Compliance Officer of Cavco Industries, Inc.

Cavco Industries, Inc. (CVCO) Q3 2024 Earnings Call Transcript

Cavco (CVCO) came out with quarterly earnings of $4.27 per share, missing the Zacks Consensus Estimate of $4.36 per share. This compares to earnings of $6.66 per share a year ago.

Cavco (CVCO) Lags Q3 Earnings Estimates

PHOENIX, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the third fiscal quarter ended December 30, 2023.

Cavco Industries Reports Fiscal 2024 Third Quarter Results and Announces New $100 Million Stock Repurchase Program

PHOENIX, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the third quarter ended December 30, 2023 on Thursday, February 1, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, February 2, 2024 at 1:00 p.m. Eastern Time.

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Third Quarter Earnings Release and Conference Call Webcast

Most economists were wrong about 2023, and there are now mixed opinions about how 2024 is going to be. Cavco Industries, a manufactured home builder, is impacted drastically by this uncertainty but is expected to benefit from strong long-term trends. Resilient U.S. market and ongoing trends such as low house affordability make Cavco Industries a promising investment opportunity.

Staying Bullish On Cavco Industries: A Promising Homebuilding Pick

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Cavco Releases First HUD-Approved Manufactured Duplex Homes

The consolidation trend in the manufactured housing industry persists, with the top three companies exceeding a 75% market share. Despite the short-term headwinds, Cavco will benefit from the U.S. demographic structure and the housing shortage. From a conservative approach compared to the analyst consensus, I consider Cavco to be undervalued, assigning a fair price of $382 with a 35% upside potential.

Cavco Industries: Benefiting From Long-Term Tailwinds

Cavco Industries, Inc. (NASDAQ:CVCO ) Q2 2024 Earnings Conference Call November 3, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison Aden - Executive Vice President and CFO Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Michael Chapman - Aviance Capital Partners Operator Good day. And welcome to the Cavco Industries Second Quarter Fiscal Year 2024 Earnings Conference Call.

Cavco Industries, Inc. (CVCO) Q2 2024 Earnings Call Transcript

PHOENIX, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the second quarter ended September 30, 2023 on Thursday, November 2, 2023 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, November 3, 2023 at 1:00 p.m. Eastern Time.

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Second Quarter Earnings Release and Conference Call Webcast

Energy, cyclicals, and communications sectors are outperforming their peers in the market. Cavco Industries is a potential stock to watch as it operates in an ideal market and has performed well. The stock has the potential for a breakout on the point-n-figure chart and has solid fundamentals.

Cavco Industries: An Ideal Addition To Your Portfolio

Houses in the United States get less affordable each day, strongly backed by data. Cavco Industries builds affordable manufactured homes, which are the perfect solution for people who want to buy homes cheaply. The company's top line is strong, and the stock appears undervalued. It secures a "Buy" rating.

Cavco Industries: Low-Cost Homes Are Up For Grabs As House Affordability Declines

Cavco Industries, Inc. manufactures factory-made homes and provides financing and insurance for the homes. The company has experienced significant growth and has made successful acquisitions, creating shareholder value in the long term. Cavco is currently facing demand issues, but the long-term demand trajectory should remain intact, providing a buying opportunity as the stock seems undervalued.

Cavco Industries: Short-Term Issues, But A Long-Term Opportunity

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Cavco Industries, Inc. (NASDAQ:CVCO ) Q1 2024 Earnings Call Transcript August 4, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and Investor Relations Bill Boor - President and Chief Executive Officer Allison Aden - Executive Vice President and Chief Financial Officer Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Operator Good day, and welcome to the Cavco Industries First Quarter Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Cavco Industries, Inc. (CVCO) Q1 2024 Earnings Call Transcript

Cavco (CVCO) came out with quarterly earnings of $5.29 per share, missing the Zacks Consensus Estimate of $6.76 per share. This compares to earnings of $6.63 per share a year ago.

Cavco (CVCO) Misses Q1 Earnings and Revenue Estimates

PHOENIX, July 27, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended July 1, 2023 on Thursday, August 3, 2023 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, August 4, 2023 at 1:00 p.m. Eastern Time.

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 First Quarter Earnings Release and Conference Call Webcast

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Cavco Industries: Impressive Long-Term Top And Bottom Line Growth

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Cavco Industries NASDAQ: CVCO investors have seen their holdings trend in a wide channel, from $270 up to roughly $310, virtually since the beginning of 2023. This could be a sign of imminent decisions, as market participants en masse await further clarification about the direction the stock may take, which ultimately boils down to the underlying principle of the industry and the economy.

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Facility produces, transports and stages manufactured home on the National Mall to showcase its affordable housing solution and champion the dream of homeownership Facility produces, transports and stages manufactured home on the National Mall to showcase its affordable housing solution and champion the dream of homeownership

News for Cavco Industries Stock (CVCO)