Cavco Industries, Inc. Reports Earnings Results for the First Quarter Ended July 01, 2023
August 03, 2023 at 04:12 pm EDT
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Cavco Industries, Inc. reported earnings results for the first quarter ended July 01, 2023. For the first quarter, the company reported sales was USD 457.11 million compared to USD 572.6 million a year ago. Net income was USD 46.36 million compared to USD 59.6 million a year ago.
Basic earnings per share from continuing operations was USD 5.35 compared to USD 6.68 a year ago. Diluted earnings per share from continuing operations was USD 5.29 compared to USD 6.63 a year ago.
Cavco Industries, Inc. designs and produces factory-built homes. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary.
CAVCO INDUSTRIES, INC. 
