Tranche Update on Cavco Industries, Inc.'s Equity Buyback Plan announced on August 3, 2023.
February 01, 2024 at 04:07 pm EST
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From October 1, 2023 to December 30, 2023, the company has repurchased $50 million worth of its shares. With this, the company has completed the repurchase of $61.05 million worth of its shares under the buyback announced on August 3, 2023.
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. 
