财务数据 - 2024财政年度净收入为4.468亿美元，较去年同期减少了5,380万美元[20] - 工厂建造住宅部门的净收入为4.27亿美元，较去年同期下降了11.3%[21] - 金融服务部门的净收入为1.98亿美元，较去年同期增加了2.1%[22] - 公司的综合利润占净收入的比例为23.1%，较去年同期下降了330个基点[23] - 工厂建造的住房部门的毛利率在2024年第三季度下降了310个基点，至22.4%，而2023年第三季度为25.5%[24] - 金融服务部门的毛利率占营收的百分比从2024年第三季度的46.6%下降到36.8%[25] - 2024年第三季度的销售、一般和管理费用为6330万美元，占净营收的14.2%[26] - 第三季度的利息收入为520万美元，比去年同期增加了46.2%[27] - 本季度的利息费用为80万美元，而去年同期为20万美元[28] - 归属于Cavco股东的净收入为3600万美元，而去年同期为5950万美元[29] 未来展望 - 公司董事会批准了一项新的1亿美元股票回购计划[30] - 公司的战略资本分配重点仍然是进一步改善收购和持续评估其放贷业务的机会[31] - 大型社区运营商预计2024年订单率将高于2023年[47] - 公司认为低价值的订单更多是由于产品组合的变化，而不是单个单位的基本定价[62] - 公司对新产品Anthem的市场前景感到兴奋，认为这是一个解决密度和负担能力问题的解决方案[68] - Kentucky Dream收购使Cavco拥有的门店数量增加，公司对未来一年的更多收购持乐观态度[73] - 公司对Anthem和Solitaire收购都持乐观态度，同时看好行业在社区订单恢复后的潜在增长[86][88][90] - 公司目前稳定在60%的产能利用率[100] - 公司考虑在未来两到五年增加产能，以满足可负担的住房需求[101] - 公司在路易斯维尔展示了来自9个工厂的15栋房屋，并展示了其贷款公司CountryPlace Mortgage，以满足客户的商业和消费者贷款需求[106] 市场扩张和并购 - 公司董事会批准了一项新的1亿美元股票回购计划[30] - Kentucky Dream收购使Cavco拥有的门店数量增加，公司对未来一年的更多收购持乐观态度[73] - 公司对Anthem和Solitaire收购都持乐观态度，同时看好行业在社区订单恢复后的潜在增长[86][88][90] 新产品和新技术研发 - 公司对新产品Anthem的市场前景感到兴奋，认为这是一个解决密度和负担能力问题的解决方案[68] 其他新策略 - 公司的战略资本分配重点仍然是进一步改善收购和持续评估其放贷业务的机会[31] - 公司认为未来对于房屋贷款的最终资金来源可能会出现变化，但并不担心消费者获取合理贷款的问题[97][98]

Cavco (CVCO) came out with quarterly earnings of $4.27 per share, missing the Zacks Consensus Estimate of $4.36 per share. This compares to earnings of $6.66 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -2.06%. A quarter ago, it was expected that this homebuilder would post earnings of $5.31 per share when it actually produced earnings of $4.76, delivering a surprise of -10.36%. Over the last four quarters, the company ha ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-08822 CAVCO INDUSTRIES INC. (Exact name of registrant as specified in its charter) Delaware 56-2405642 (State or other jurisd ...

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 t ...

财务数据和关键指标变化 - 第二财季收入为4.52亿美元,同比下降21.7% [19] - 工厂住房业务收入下降22.4%,主要由于基础业务销售房屋数量下降和平均收入下降,部分被Solitaire Homes收购的35.6百万美元收入抵消 [19] - 综合毛利率为23.7%,同比下降360个基点 [22] - 工厂住房业务毛利率下降350个基点至23.2% [23] - 金融服务业务毛利率从44.6%下降至35.9% [24] - 销售、一般及管理费用下降,主要由于第三方支持成本和激励性薪酬成本下降,部分被Solitaire Homes的SG&A成本增加抵消 [25] - 利息收入增加214%,主要由于利率上升和更高的现金余额 [26] - 税前利润下降44.3%至5,170万美元 [27] - 每股收益从8.25美元下降至4.76美元 [28] 各条业务线数据和关键指标变化 - 工厂住房业务收入下降22.4%,主要由于基础业务销售房屋数量下降和平均收入下降,部分被Solitaire Homes收购的35.6百万美元收入抵消 [19] - 金融服务业务收入增加1.1%,主要由于投保量增加和保费率上升,部分被贷款销售减少抵消 [21] 各个市场数据和关键指标变化 - 公司自有零售店同店销售略有增长 [14] - 社区运营商仍在消化库存,订单较弱,预计到年底会有所好转 [10][67] - 街销商订单有所改善,成为目前订单的主要来源 [10] 公司战略和发展方向及行业竞争 - 公司保持健康的现金流和盈利能力,为未来发展做好准备 [36][138] - 公司内部各部门协作良好,为客户提供更好的产品和服务 [133][134][135][136] - 公司关注行业内并购机会,但会谨慎评估价格 [125][126][127] - 公司不认为在行业集中度方面受到监管限制 [129][130] 管理层对经营环境和未来前景的评论 - 宏观经济环境对买家购房能力造成压力,但公司自有零售店和经销商网点的客户流量仍然健康 [9][10] - 公司已达到产能利用率和订单的平衡点,一旦市场需求好转,可以快速恢复满产 [11][12] - 公司对长期住房需求仍然充满信心,将继续寻求内部和外部发展机会 [17] 问答环节重要的提问和回答 问题1 **Daniel Moore 提问** 询问公司未来几个季度的订单和发货情况,以及何时可能恢复产能 [41][42][43][44][45][46][47][48] **Bill Boor 回答** 公司目前已达到产能和订单的平衡点,未来几个月季节性因素可能会影响订单,但公司更关注宏观经济因素 [42][43][44][45][46][47][48] 问题2 **Greg Palm 提问** 询问社区REIT渠道的订单恢复情况和公司的并购计划 [65][66][67][68][69][70][71][72][73][74][82][83][84] **Bill Boor 回答** 社区REIT渠道订单恢复预计要到明年,公司一直关注并购机会但目前未看到太多受困企业 [67][68][69][70][71][72][82][83] 问题3 **Michael Chapman 提问** 询问公司现金流充沛是否会增加并购力度,是否会受到行业集中度的监管限制 [120][121][122][123][124][125][126][127][129][130] **Bill Boor 回答** 公司现金流充沛,不认为受到并购方面的监管限制,会谨慎评估并购价格 [125][126][127][129][130]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-08822 CAVCO INDUSTRIES INC. (Exact name of registrant as specified in its charter) Delaware 56-2405642 (State or other juris ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q1 2024 Earnings Call Transcript August 4, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and Investor Relations Bill Boor - President and Chief Executive Officer Allison Aden - Executive Vice President and Chief Financial Officer Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Operator Good day, and welcome to the Cavco Industries First Quarter Fis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-08822 CAVCO INDUSTRIES INC. (Exact name of registrant as specified in its charter) Delaware 56-2405642 (State or other jurisdictio ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2023 Earnings Conference Call May 19, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and Investor Relations Bill Boor - President and Chief Executive Officer Allison Aden - Executive Vice President and Chief Financial Officer Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Operator Thank you for standing by and welcome to the Cavco Industries Fou ...