Company Overview - Cavco Industries, Inc. is headquartered in Phoenix, Arizona and is a major player in the factory-built housing market in the United States, recognized as one of the largest producers of manufactured and modular homes based on reported wholesale shipments [3] - The company designs and produces a variety of housing products distributed through independent and company-owned retailers, with brands including Cavco, Fleetwood, Palm Harbor, and others [3] - Cavco also produces park model RVs, vacation cabins, and factory-built commercial structures, and operates a finance subsidiary, CountryPlace Mortgage, which offers various mortgage products [3] Upcoming Earnings Release - Cavco Industries will release its earnings for the fourth quarter and fiscal year ended March 30, 2024, on May 23, 2024, after the market closes [1] - Senior management will discuss the results in a live webcast on May 24, 2024, at 1:00 p.m. Eastern Time [1]

Cavco (CVCO) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investor ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Inves ...

PHOENIX, March 08, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) is proud to announce that it was recognized by the 2024 Training APEX Awards as one of the top 105 training organizations in the world, receiving a Best Practice award for our Master of Craft program. This annual award given by Training magazine at the Training APEX Awards Gala in Orlando, Florida places Cavco at the forefront of employee training and development. It showcases the Company's steadfast commitment to fostering ski ...

PHOENIX, March 06, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) ("we," "our," the "Company" or "Cavco") is pleased to announce that we have successfully reached agreement on a revised collective bargaining agreement between Pennwest TCC and The International Association of Machinists, which represents employees at the Company's Emlenton, Pennsylvania manufacturing plant. The new collective bargaining agreement was ratified by the Union members today and employees will be back to work tomorr ...

PHOENIX, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) announced today that the first homes have been purchased by two graduates of its unique Homes for Our Own (HFOO) program. The program is a six-week, interactive workshop to help educate company employees on how to budget, how to buy a home and then, if they choose to move forward, to help them purchase their first home. The self-funded program invites Cavco employees to voluntarily donate money through automatic payroll deductio ...

PHOENIX, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ:CVCO) ("we," "our," the "Company" or "Cavco") is pleased to announce that effective February 13, 2024, Seth Schuknecht will be the company's Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer. Mr. Schuknecht brings a strong background in securities law, corporate governance, mergers and acquisitions, regulatory compliance, risk management and complex commercial transactions. Most recently from ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q3 2024 Earnings Conference Call February 2, 2024 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison Aden - EVP and CFO Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Danny Eggerichs - Craig-Hallum Jay McCanless - Wedbush Securities Camden Roberts - University of South Carolina Operator Good day, and thank you for standing by. Welcome to the Third Quarter Fisca ...

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 has s ...

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 ...