Cavco Industries Reports Fiscal 2025 Second Quarter Results and Announces New $100 Million Stock Repurchase Program
Cavco Industries, Inc. (CVCO)
US:NASDAQ Investor Relations:
investor.cavco.com
Company Research
Source: GlobeNewswire
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.Home sales volume is up 15.7% and capacity utilization is up to approximately 70% from approximately 60% in the second quarter of the prior year.Factory-built housing Gross profit as a percentage of Net revenue was 22.9%, compared to 23.2% in the prior year period. Financial services Gross profit as a percentage of Net revenue was 21.8%, compared to Gross profit of 35.9% in the prior year period.Income before income taxes was $55.0 million, up $3.3 million or 6.4% compared to $51.7 million in the prior year period.Net income per diluted share attributable to Cavco common stockholders was $5.28
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News
- Today's ‘Quordle' Hints And Answers For Monday, November 11 [Forbes]Forbes
- Cavco (CVCO) is on the Move, Here's Why the Trend Could be Sustainable [Yahoo! Finance]Yahoo! Finance
- Cavco Industries, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Cavco Industries, Inc. (NASDAQ: CVCO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Cavco Industries, Inc. (NASDAQ: CVCO) had its price target raised by analysts at Craig Hallum from $422.00 to $495.00. They now have a "buy" rating on the stock.MarketBeat
CVCO
Earnings
- 10/31/24 - Beat
CVCO
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 4
- 11/8/24 - Form 144
- CVCO's page on the SEC website