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 January 1, 2022 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 jurisdic ...

Financial Data and Key Metrics Changes - Cavco Industries reported record revenues of $431.7 million for Q3 2022, a 49.5% increase year-over-year from $288.8 million in Q3 2021 [10] - Diluted EPS rose to $8.57 compared to $2.12 in the same quarter last year, with a significant impact from non-recurring tax credits [5][16] - The effective income tax rate was a benefit of 35.1% for Q3 2022, influenced by a non-recurring tax benefit of $34.4 million [14][15] Business Line Data and Key Metrics Changes - The factory-built housing segment saw net revenues increase by 52.7% to $413.6 million, driven by the acquisition of Commodore and a 24.4% increase in average revenue per home sold [10][12] - Total units sold increased by 22.8% to 4,424 units from 3,603 units in Q3 2021 [10] - Financial services segment net revenues increased by 0.6% to $18.1 million, attributed to a higher number of insurance policies and home loan sales [11] Market Data and Key Metrics Changes - The backlog remained consistent at $1.1 billion, representing 36 to 38 weeks of production, indicating strong demand despite higher production rates [6] - Average selling prices on a consolidated basis were slightly down compared to Q2 2022, influenced by the mix of retail and wholesale sales [7][12] Company Strategy and Development Direction - The company plans to start operations at a new facility in Glendale, Arizona, which will double park model capacity [9] - The integration of Commodore is progressing well, with expectations for improved margins as lower-priced homes in backlog are sold [9][41] - The company is focused on operational improvements and optimizing customer relationships to capture synergies from the Commodore acquisition [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining production momentum despite ongoing labor challenges and supply chain inefficiencies [8][28] - The demand for manufactured housing remains strong, driven by demographic factors and a significant housing deficit [8][35] - Rising interest rates may pose short-term pressures, but the impact on manufactured housing is expected to be less severe compared to site-built homes [61] Other Important Information - Selling, general, and administrative expenses increased to $60.3 million, primarily due to the addition of Commodore and higher incentive wages [14] - The cash balance decreased to $267.3 million, primarily due to the acquisition of Commodore and increased inventory purchases [17] Q&A Session Summary Question: Contribution of Commodore in the quarter - Management confirmed that Commodore contributed $73 million in revenue, aligning with expectations for capacity and shipment [21][22] Question: Demand and order rates - Management clarified that order rates remain strong, with seasonal patterns observed but still above pre-pandemic levels [23][24] Question: Gross margin impacts - Management indicated that lower lumber prices benefited margins, while selling Commodore's price-protected homes in backlog had a negative impact [25][26] Question: Capacity utilization and unit growth - Management expressed optimism about maintaining unit growth and production capacity, with current utilization at 80% [27][28] Question: Synergies from Commodore acquisition - Management noted potential operational synergies from the acquisition, focusing on best practices and technology improvements [30] Question: Demand by channel and demographic - Management observed strong demand across both community and dealer channels, with a shift towards higher-end manufactured homes [35] Question: Credit quality and lending - Management reported stable credit quality, with applications coming from higher FICO score customers [56] Question: Raw material challenges - Management acknowledged ongoing challenges with raw material supply, affecting efficiency but noted minimal shutdowns [64] Question: Energy tax credit - Management explained the identification and utilization of energy tax credits as part of a continuous evaluation process [65] Question: Share repurchases - Management confirmed that share repurchases remain a priority, with $9 million repurchased in the quarter [67]

Cavco Industries, Inc. (NASDAQ:CVCO) Q2 2022 Earnings Conference Call November 5, 2021 1:00 PM ET Company Participants Mark Fusler - Director, Financial Reporting & IR William Boor - President, CEO & Director Allison Aden - Executive Vice President and CFO Paul Bigbee - CAO & Principal Financial Officer Conference Call Participants Daniel Moore - CJS Securities Gregory Palm - Craig-Hallum Jay McCanless - Wedbush Securities Disclaimer*: This transcript is designed to be used alongside the freely available au ...

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 October 2, 2021 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 jurisdic ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q1 2022 Earnings Conference Call August 6, 2021 1:00 PM ET Company Participants Mark Fusler - Director, Financial Reporting & IR William Boor - President, CEO & Director Paul Bigbee - CAO & Principal Financial Officer Conference Call Participants Brendan Popson - CJS Securities Gregory Palm - Craig-Hallum Jay McCanless - Wedbush Securities DeForest Hinman - Walthausen & Co. Operator Good day, and thank you for standing by. Welcome to the First Quarter Fiscal Year 2022 Ca ...

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 3, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------|----------------------------------------------------------------------------------------|---------------- ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2021 Earnings Conference Call May 27, 2021 1:00 PM ET Company Participants Mark Fusler - Director, Financial Reporting & IR William Boor - President, CEO & Director Paul Bigbee - CAO & Principal Financial Officer Conference Call Participants Daniel Moore - CJS Securities Gregory Palm - Craig-Hallum Jay McCanless - Wedbush Securities Ian Lapey - Gabelli Funds Bill Wolfenden - Cottonwood Investments Operator Good day, and thank you for standing by. Welcome to the Fourth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 3, 2021 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 jurisdiction of in ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q3 2021 Earnings Conference Call January 29, 2021 1:00 PM ET Company Participants Mark Fusler - IR Bill Boor - CEO Paul Bigbee - CAO Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Capital Jay McCanless - Wedbush Securities Inc Operator Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter Fiscal Year 2021 Cavco Industries Inc Earnings Conference Call and Webcast. At this time, all participants are in a lis ...

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 26, 2020 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 ...