Cavco Industries Q4 2024 GAAP EPS $4.03 Misses $4.51 Estimate, Sales $420.118M Miss $470.114M Estimate

5/23/24 4:15:11 PM ET

Homebuilding

Consumer Discretionary

Get the next $CVCO alert in real time by email

Cavco (NASDAQ:CVCO) reported quarterly earnings of $4.03 per share which missed the analyst consensus estimate of $4.51 by 10.64 percent. The company reported quarterly sales of $420.118 million which missed the analyst consensus estimate of $470.114 million by 10.63 percent. This is a 11.81 percent decrease over sales of $476.380 million the same period last year.

Get the next $CVCO alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$CVCO

Date	Price Target	Rating	Analyst
8/5/2022	$315.00 → $385.00	Neutral → Outperform	Wedbush
2/7/2022	$255.00 → $315.00	Neutral	Wedbush
8/9/2021	$280.00 → $305.00	Buy	Craig-Hallum

More analyst ratings

$CVCO
Press Releases

Fastest customizable press release news feed in the world

Enpro Appoints Allison Aden to Board of Directors
Enpro Inc. (NYSE:NPO), a leading industrial technology company, appointed Allison K. Aden to its Board of Directors effective today. Aden is a 30-year finance veteran with deep expertise in accounting, financial reporting, corporate strategy, mergers and acquisitions, IT and cybersecurity, and experience across various sectors including manufacturing, information technology, financial services and commercial real estate development. She currently serves as the Executive Vice President and Chief Financial Officer of Cavco Industries, Inc. (NASDAQ:CVCO), a leading producer of factory-built housing. At Cavco, she leads its M&A efforts, and is responsible for Cavco's financial reporting, accou
11/5/24 6:30:00 AM ET
$CVCO
$NPO
Homebuilding
Consumer Discretionary
Metal Fabrications
Industrials
Cavco Industries Reports Fiscal 2025 Second Quarter Results and Announces New $100 Million Stock Repurchase Program
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
10/31/24 4:05:00 PM ET
$CVCO
Homebuilding
Consumer Discretionary
Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2025 Second Quarter Earnings Release and Conference Call Webcast
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. Date: November 1, 2024 Time: 1:00 p.m. ET Listen via Internet: https://investor.cavco.com/ Listen via Telephone: To participate in the call, please register here to receive the dial-in number and your unique PIN. If you are unable to participate during the live webcast, the call will be available for 90 days on https://inv
10/23/24 9:23:39 PM ET
$CVCO
Homebuilding
Consumer Discretionary

Cavco Industries Reports Fiscal 2025 Second Quarter Results and Announces New $100 Million Stock Repurchase Program
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
10/31/24 4:05:00 PM ET
$CVCO
Homebuilding
Consumer Discretionary
Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2025 Second Quarter Earnings Release and Conference Call Webcast
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. Date: November 1, 2024 Time: 1:00 p.m. ET Listen via Internet: https://investor.cavco.com/ Listen via Telephone: To participate in the call, please register here to receive the dial-in number and your unique PIN. If you are unable to participate during the live webcast, the call will be available for 90 days on https://inv
10/23/24 9:23:39 PM ET
$CVCO
Homebuilding
Consumer Discretionary
Cavco Industries Reports Fiscal 2025 First Quarter Results
PHOENIX, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the first fiscal quarter ended June 29, 2024. Quarterly Highlights Net revenue was $478 million, up $2 million or 0.4% compared to $476 million in the first quarter of the prior year, primarily on home sales volume growth.Sequentially, home sales volume is up 20% and capacity utilization is up to approximately 65% from approximately 60%.Factory-built housing Gross profit as a percentage of Net revenue was 22.6%, compared to 24.8% in the prior year. Financial services Gross loss as a percentage of Net revenue was
8/1/24 6:56:13 PM ET
$CVCO
Homebuilding
Consumer Discretionary

$CVCO
Leadership Updates

Live Leadership Updates

Enpro Appoints Allison Aden to Board of Directors
Enpro Inc. (NYSE:NPO), a leading industrial technology company, appointed Allison K. Aden to its Board of Directors effective today. Aden is a 30-year finance veteran with deep expertise in accounting, financial reporting, corporate strategy, mergers and acquisitions, IT and cybersecurity, and experience across various sectors including manufacturing, information technology, financial services and commercial real estate development. She currently serves as the Executive Vice President and Chief Financial Officer of Cavco Industries, Inc. (NASDAQ:CVCO), a leading producer of factory-built housing. At Cavco, she leads its M&A efforts, and is responsible for Cavco's financial reporting, accou
11/5/24 6:30:00 AM ET
$CVCO
$NPO
Homebuilding
Consumer Discretionary
Metal Fabrications
Industrials
Turtle Beach Appoints Julia Sze to the Board of Directors
Skilled Leader Brings Over 25 Years of Senior Executive Experience in Capital Markets and Investment Management With Ms. Sze's Appointment, the Turtle Beach Board Has Replaced the Majority of Its Board Members in the Last Seven Months, In Furtherance of its May 2022 Cooperation Agreement with The Donerail Group LP Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), today announced the appointment of Julia Sze to the Company's Board of Directors. Ms. Sze is a Chartered Financial Analyst with over 25 years of senior executive experience in capital markets and investment management. She currently serves as an impact investor, working with
12/6/22 4:05:00 PM ET
$CVCO
$HEAR
Homebuilding
Consumer Discretionary
Telecommunications Equipment
Telecommunications
Cavco Industries, Inc. Announces Charley Lott to Retire as President of Fleetwood Homes, Inc.; Brian Cira Named President, Manufactured Housing of Cavco Industries, Inc.
PHOENIX, May 03, 2021 (GLOBE NEWSWIRE) -- Cavco Industries (NASDAQ:CVCO) ("Cavco" or the "Company") announces that after a career of more than 50 years as a respected leader in the manufactured home industry, Charley Lott has decided to retire from Cavco's subsidiary Fleetwood Homes, Inc. and as head of the Company's manufactured housing organization effective July 9, 2021. Charley Lott began his career with Fleetwood Enterprises at their plant in Douglas, Georgia, in 1970. Ten years later, Charley joined Flintstone Industries, a small, private manufacturer, where, as President, he led the company to increase revenues tenfold and was instrumental in taking the company public. In 1987, C
5/3/21 2:45:00 PM ET
$CVCO
Homebuilding
Consumer Discretionary

Cavco Industries Q4 2024 GAAP EPS $4.03 Misses $4.51 Estimate, Sales $420.118M Miss $470.114M Estimate

Chat with this insight

Recent Analyst Ratings for $CVCO

$CVCO SEC Filings

Cavco Industries Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

SEC Form 10-Q filed by Cavco Industries Inc.

Cavco Industries Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

$CVCO Press Releases

Fastest customizable press release news feed in the world

Enpro Appoints Allison Aden to Board of Directors

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

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

$CVCO Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Sze Julia sold $57,335 worth of shares (125 units at $458.68), decreasing direct ownership by 4% to 2,861 units (SEC Form 4)

President & CEO Boor William C exercised 4,000 shares at a strike of $217.60 and covered exercise/tax liability with 1,949 shares, increasing direct ownership by 5% to 40,571 units (SEC Form 4)

President, Financial Services Brandom Jack S covered exercise/tax liability with 21 shares, decreasing direct ownership by 3% to 748 units (SEC Form 4)

$CVCO Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G/A filed by Cavco Industries Inc. (Amendment)

SEC Form SC 13G filed by Cavco Industries Inc.

SEC Form SC 13G/A filed by Cavco Industries Inc. (Amendment)

$CVCO Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Cavco Industries upgraded by Wedbush with a new price target

Wedbush reiterated coverage on Cavco Indus with a new price target

Craig-Hallum reiterated coverage on Cavco Indus with a new price target

$CVCO Market Insights

Live Market Insights

$CVCO Financials

Live finance-specific insights

Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Also, strength may be due to trader optimism that the Fed will cut rates.

Shares of homebuilders, construction and household durables stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.

Wedbush Reiterates Outperform on Cavco Indus, Maintains $425 Price Target

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

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

Cavco Industries Reports Fiscal 2025 First Quarter Results

$CVCO Leadership Updates

Live Leadership Updates

Enpro Appoints Allison Aden to Board of Directors

Turtle Beach Appoints Julia Sze to the Board of Directors

Cavco Industries, Inc. Announces Charley Lott to Retire as President of Fleetwood Homes, Inc.; Brian Cira Named President, Manufactured Housing of Cavco Industries, Inc.

Recent Analyst Ratings for
$CVCO

$CVCO
SEC Filings

$CVCO
Press Releases

$CVCO
Insider Trading

$CVCO
Large Ownership Changes

$CVCO
Analyst Ratings

$CVCO
Market Insights

$CVCO
Financials

$CVCO
Leadership Updates