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Cavco Industries Inc - CVCO STOCK NEWS

Welcome to our dedicated news page for Cavco Industries (Ticker: CVCO), a resource for investors and traders seeking the latest updates and insights on Cavco Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cavco Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cavco Industries's position in the market.

Rhea-AI Summary
Cavco Industries, Inc. (CVCO) announced financial results for Q1 of fiscal year 2023. Net revenue was $476 million, down 19% from the prior year. Income before income taxes decreased by 23%. Net income per diluted share was $5.29, down from $6.63 in the prior year quarter. Backlogs were $177 million, down $67 million from three months prior. Despite the challenging market environment, President and CEO Bill Boor highlighted solid cash flow and the success of the digital marketplace. The company's Board of Directors approved a new $100 million stock repurchase program.
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4.04%
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buyback earnings
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1.27%
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2.4%
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Rhea-AI Summary
Cavco Industries, Inc. announces financial results for Q4 and fiscal year ended April 1, 2023. Net revenue of $476 million, net income of $47 million. Gross profit as a percentage of net revenue decreased. Returned $30 million to shareholders through stock repurchases. Thirteenth straight year of revenue and earnings growth. Backlogs at $244 million.
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-6.09%
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-1.44%
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0.92%
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1.19%
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-1.47%
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1.61%
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Rhea-AI Summary
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-0.06%
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Cavco Industries Inc

Nasdaq:CVCO

CVCO Rankings

CVCO Stock Data

3.14B
7.90M
5.28%
98.07%
2.29%
Manufactured Home (Mobile Home) Manufacturing
Manufacturing
Link
United States
Phoenix

About CVCO

cavco industries, inc., headquartered in phoenix, arizona, designs and produces factory-built housing products primarily distributed through a network of independent and company-owned retailers. we are the second largest producer of hud code manufactured homes in the united states, based on reported wholesale shipments, marketed under a variety of brand names including cavco homes, fleetwood homes and palm harbor homes. the company is also a leading producer of park model rvs, vacation cabins, and systems-built commercial structures; as well as modular homes built primarily under the nationwide homes brand. our mortgage subsidiary, countryplace, is an approved fannie mae and ginnie mae seller/servicer and offers conforming mortgages to purchasers of factory-built and site-built homes. our insurance subsidiary, standard, provides property and casualty insurance for owners of manufactured homes.