Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny brands. It also builds park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, multi-family units primarily under the Nationwide Homes brand. Further, it provides conforming mortgages, non-conforming mortgages, and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of April 3, 2021, it operated 40 company-owned retail stores in Oregon, Arizona, New Mexico, Texas, Oklahoma, and Florida. The company also distributes its homes through a network of independent distribution points in 43 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
IPO Year:
Exchange: NASDAQ
Website: cavco.com
| 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 |
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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
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
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
Plano, TX, Oct. 22, 2024 (GLOBE NEWSWIRE) -- For additional information, contact:Mark FuslerCorporate Controller and Investor [email protected] ReleasePhone: 602-256-6263On the Internet: www.cavcohomes.com FOR IMMEDIATE RELEASE CAVCO INDUSTRIES RELEASES 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices. PHOENIX, Ariz., October 22, 2024 (GLOBE NEWSWIRE) – Cavco Industries, Inc. (NASDAQ:CVCO) is proud to announce the release of its 2024 Environmental, Social and Go
Plano, TX, Sept. 13, 2024 (GLOBE NEWSWIRE) -- For additional information, contact:Colleen RogersSVP – Marketing & [email protected] ReleasePhone: 972-763-5038On the Internet: www.cavcohomes.com FOR IMMEDIATE RELEASE HUD's Latest Code Changes Signal a New Era for Multi-Unit Affordable Housing New HUD Codes approve multi-dwelling unit manufactured homes for nationwide construction PHOENIX, Ariz., September 13, 2024 (GLOBE NEWSWIRE) – Cavco Industries, Inc. (NASDAQ:CVCO) is excited to announce that on Wednesday, September 11, 2024, the U.S. Department of Housing and Urban Development (HUD) announced it has implemented the most extensive changes to its Manufactured Home Cons
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
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. Date: August 2, 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://investor.cavco.com/. Cavco Ind
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. Date: May 24, 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 ht
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. It showcases the Company's steadfast commitment to fostering skill growth and career development for its team members. The APEX Awards is the only global awards program that celebrates and ranks the top worldwide organizations that set th
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
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
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
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
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. Date: August 2, 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://investor.cavco.com/. Cavco Ind
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. Date: May 24, 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 ht
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. Third Quarter Summary Net revenue was $447 million, down $54 million or 10.8% compared to $501 million in the third quarter of the prior year.Factory-built housing Gross profit as a percentage of Net revenue was 22.4%, compared to 25.5% in the prior year. Financial services Gross profit as a percentage of Net revenue was 36.8%, compared to 46.6% in the prior year. Income before income taxes was $44 million, down $32 million or 42.1% compared to $76 million in the prior year perio
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. Date: February 2, 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://investor.cavco.com/.
PHOENIX, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the second fiscal quarter ended September 30, 2023. Second Quarter Summary Net revenue was $452 million, down 21.7% compared to $577 million in the second quarter of the prior year.Factory-built housing gross profit as a percentage of Net revenue was 23.2%, compared to 26.7% in the prior year. Financial services Gross profit as a percentage of Net revenue was 35.9% compared to 44.6% in the prior year. Income before income taxes was $52 million, down 44.1% compared to $93 million in the prior year period.Net income per diluted share
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. Date: November 3, 2023 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://investor.cavco.com/
PHOENIX, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the first fiscal quarter ended July 1, 2023. First Quarter Summary Net revenue was $476 million, down 19% compared to $588 million in the first quarter of the prior year.Factory-built housing Gross profit as a percentage of Net revenue was 24.8%, compared to 24.4% in the prior year. The current year period was impacted by purchase accounting adjustments on acquired inventory related to Solitaire Homes, which reduced Factory-built housing margins by 40 basis points.Financial services Gross profit as a percentage of Net revenu
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Wedbush upgraded Cavco Industries from Neutral to Outperform and set a new price target of $385.00 from $315.00 previously
Wedbush reiterated coverage of Cavco Indus with a rating of Neutral and set a new price target of $315.00 from $255.00 previously
Craig-Hallum reiterated coverage of Cavco Indus with a rating of Buy and set a new price target of $305.00 from $280.00 previously
Craig Hallum reiterated coverage of Cavco Industries with a rating of Buy and set a new price target of $257.00 from $234.00 previously
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
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
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
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Wedbush analyst Jay McCanless reiterates Cavco Indus (NASDAQ:CVCO) with a Outperform and maintains $425 price target.
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.
Stronger-than-expected quarterly results and upbeat revenue guidance from Nvidia Corp. sparked a renewed surge in tech stocks on Thursday, as traders continue to exhibit bullish sentiment toward the rapidly expanding AI industry. The chipmaker giant’s stock soared over 10% to $1,051 per share during midday trading in New York, boosting its market value by an astonishing $277 billion in a single session. The tech-heavy Nasdaq 100 reached 18,907 points in early trading, setting a new all-time high. Similarly, the S&P 500 hit a record high of 5,341 points before paring gains as other sectors lagged behind tech. The semiconductor sector clearly outperformed, with the VanEck Semiconducto
Wedbush analyst Jay McCanless maintains Cavco Indus (NASDAQ:CVCO) with a Outperform and raises the price target from $380 to $425.
Cavco Industries 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.
Cavco Indus (NASDAQ:CVCO) reported its Q3 earnings results on Thursday, February 1, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Cavco Indus reported in-line EPS of $4.27 versus an estimate of $4.27. Revenue was down $53.83 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.51 which was followed by a 5.65% increase in the share price the next day. Here's a look at Cavco Indus's past performance: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate 5.27 6.76 5.10 5.79 EPS Actual 4.76 5.29 5.39 6.66 Revenue Estimate 477.59M 552.90M 484.92M 525.91M Revenue Actual 452.03M 475.88M 476