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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Cavco (CVCO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Cavco (CVCO) is on the Move, Here's Why the Trend Could be Sustainable

Cavco Industries, Inc. (NASDAQ:CVCO ) Q3 2024 Earnings Call Transcript November 1, 2024 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison Aden - EVP and CFO Paul Bigbee - CAO Conference Call Participants Daniel Moore - Daniel Moore Greg Palm - Craig-Hallum Capital Group Jay McCanless - Wedbush Daniel Moore - CJS Securities Operator Good day, and thank you for standing by. Welcome to the Second Quarter Fiscal Year 2025 Cavco Industries, Inc. Earnings Call Webcast.

Cavco Industries, Inc. (CVCO) Q2 2025 Earnings Call Transcript

Cavco (CVCO) came out with quarterly earnings of $5.28 per share, beating the Zacks Consensus Estimate of $4.70 per share. This compares to earnings of $4.76 per share a year ago.

Cavco (CVCO) Q2 Earnings and Revenues Top Estimates

PHOENIX, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the second fiscal quarter ended September 28, 2024. Quarterly Highlights Net revenue was $507 million , up $55 million or 12.3% compared to $452 million in the second quarter of the prior year, primarily on home sales volume growth.

Cavco Industries Reports Fiscal 2025 Second Quarter Results and Announces New $100 Million Stock Repurchase Program

PHOENIX, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the second quarter ended September 28, 2024 on Thursday, October 31, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, November 1, 2024 at 1:00 p.m. Eastern Time.

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2025 Second Quarter Earnings Release and Conference Call Webcast

Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices. Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices.

Cavco Industries Releases 2024 Enviornmental, Social and Governance

After dropping to their lowest level in two years following the Federal Reserve's September rate cut announcement, 30-year fixed-rate mortgages have climbed higher once again. Nonetheless, the environment is looking more favorable for homebuilding companies, as buyers are incentivized to make offers, and companies are better able to access loans to fund development projects and growth.

Cavco's Future Looks Bright as Affordable Housing Demand Soars

AI is widely assumed to be big, but AH (Affordable Housing) is a more critical need and is becoming a vital growth investment theme in its own right. That's why shares of Cavco, in particular, and homebuilders, in general, have been performing better than interest rate trends alone might lead one to expect. Investors are looking beyond today's soft company earnings toward gains many expect as society tackles affordability obstacles.

Cavco Industries Isn't AI

New HUD Codes approve multi-dwelling unit manufactured homes for nationwide construction New HUD Codes approve multi-dwelling unit manufactured homes for nationwide construction

HUD's Latest Code Changes Signal a New Era for Multi-Unit Affordable Housing

Builders FirstSource

Investors are gearing up for significant opportunities in the housing sector with expectations that the US Federal Reserve will announce its first rate cut in September.  Jay McCanless, an analyst at Wedbush, advises increasing exposure to housing stocks as lower mortgage rates typically enhance home affordability and stimulate housing demand.

Which housing stock—Builders FirstSource or Cavco—is a better buy before Fed rate cut?

Cavco Industries, Inc. (NASDAQ:CVCO ) Q1 2025 Earnings Conference Call August 2, 2024 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 thank you for standing by. Welcome to the First Quarter Fiscal Year 2025 Cavco Industries, Inc. Earnings Call Webcast.

Cavco Industries, Inc. (CVCO) Q1 2025 Earnings Call Transcript

Cavco (CVCO) came out with quarterly earnings of $4.11 per share, missing the Zacks Consensus Estimate of $4.97 per share. This compares to earnings of $5.29 per share a year ago.

Cavco (CVCO) Q1 Earnings and Revenues Miss Estimates

Improving Factory-built housing Results; High Claims in Insurance Operation Improving Factory-built housing Results; High Claims in Insurance Operation

Cavco Industries Reports Fiscal 2025 First Quarter Results

There are many strong short-term tailwinds Cavco benefits from, including the residential market dynamics and consumers trading down. As the affordable alternative to traditional homebuilders, demand should pick up from struggling consumers. Declining rates will be a huge catalyst for this. Despite Q4 earnings missing expectations, the underlying business is strong, with orders improving sequentially for the sixth straight quarter.

Cavco Industries Remains A 'Buy' Due To Favorable Residential Market Dynamics And Consumer Behavior

PHOENIX, July 26, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended June 29, 2024 on Thursday, August 1, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, August 2, 2024 at 1:00 p.m. Eastern Time.

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2025 First Quarter Earnings Release and Conference Call Webcast

Cavco Industries, Inc. (NASDAQ:CVCO ) Q4 2024 Earnings Conference Call May 24, 2024 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 Greg Palm - Craig-Hallum Jay McCanless - Wedbush Securities Daniel Moore - CJS Securities Michael Chapman - Aviance Capital Partners Operator Good day and thank you for standing by. Welcome to the Fourth Quarter Fiscal Year 2024 Cavco Industries Earnings Call.

Cavco Industries, Inc. (CVCO) Q4 2024 Earnings Call Transcript

Cavco (CVCO) came out with quarterly earnings of $4.03 per share, missing the Zacks Consensus Estimate of $5.13 per share. This compares to earnings of $5.39 per share a year ago.

Cavco (CVCO) Q4 Earnings and Revenues Miss Estimates

PHOENIX, May 23, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended March 30, 2024. Quarterly Highlights Net revenue and Net income of $420 million and $34 million , respectively.

Cavco Industries Reports Fiscal 2024 Fourth Quarter and Year End Results

PHOENIX, May 15, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the fourth quarter and fiscal year ended March 30, 2024 on Thursday, May 23, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, May 24, 2024 at 1:00 p.m. Eastern Time.

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

Cavco Industries is a leading producer of manufactured homes in the US, offering affordable alternatives to traditional homebuilders. CVCO stock is not as cheap compared to 7 months ago as it surged 40% since my initial coverage, but that doesn't mean this story is over. Macroeconomic trends, including a strong economy and declining house affordability, continue to support Cavco's growth prospects.

Quarterly Update: Analyzing Cavco's Triumph In Affordable Housing

Cavco (CVCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Cavco (CVCO) Moves to Buy: Rationale Behind the Upgrade

Cavco (CVCO) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Recent Price Trend in Cavco (CVCO) is Your Friend, Here's Why

PHOENIX, March 08, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) is proud to announce that it was recognized by the 2024 Training APEX Awards as one of the top 105 training organizations in the world, receiving a Best Practice award for our Master of Craft program. This annual award given by Training magazine at the Training APEX Awards Gala in Orlando, Florida places Cavco at the forefront of employee training and development.

Cavco Industries Receives Training Magazine APEX Award Recognition

PHOENIX, March 06, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") is pleased to announce that we have successfully reached agreement on a revised collective bargaining agreement between Pennwest TCC and The International Association of Machinists, which represents employees at the Company's Emlenton, Pennsylvania manufacturing plant. The new collective bargaining agreement was ratified by the Union members today and employees will be back to work tomorrow. Cavco values its employees and believes in fostering and maintaining a mutually beneficial working relationship. We extend our gratitude to all parties involved for their cooperation throughout the negotiation process.

Cavco Industries Announces Ratification of Collective Bargaining Agreement at Emlenton, Pennsylvania Plant

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.

News for Cavco Industries Stock (CVCO)