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Cavco Industries - CVCO STOCK NEWS

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

Cavco Industries (CVCO) delivers innovative factory-built housing solutions through manufactured homes, modular construction, and specialized financial services. This news hub provides investors and industry observers with essential updates about the company's operations, market position, and strategic developments.

Find curated press releases and verified news covering earnings announcements, product innovations, leadership changes, and partnership agreements. Our collection focuses on material developments in Cavco's core housing segment and its financial subsidiaries, including mortgage services and insurance operations.

Key coverage areas include regulatory updates affecting manufactured housing, production capacity expansions, and strategic initiatives in the recreational housing market. Bookmark this page for direct access to primary source materials and analysis-free reporting about one of America's leading HUD code home producers.

News

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Fourth Quarter and Year End Earnings Release and Conference Call Webcast

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Cavco Industries (Nasdaq: CVCO) will release its fiscal 2024 fourth-quarter and year-end earnings on May 23, 2024, post-market close.

Senior management will discuss the results in a live webcast on May 24, 2024, at 1:00 p.m. Eastern Time. Interested parties can access the webcast via the investor website or register for the telephone call.

Cavco, headquartered in Phoenix, designs and produces factory-built housing products distributed through independent and company-owned retailers. They are one of the largest U.S. manufacturers of manufactured and modular homes. Their products are marketed under several brand names, and they are also a leading producer of park model RVs and factory-built commercial structures. Cavco's finance subsidiary, CountryPlace Mortgage, offers various mortgage options, while their insurance subsidiary, Standard Casualty, provides property and casualty insurance for manufactured home owners.

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Cavco Industries Receives Training Magazine APEX Award Recognition

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Cavco Industries, Inc. (CVCO) receives a Best Practice award for its Master of Craft program, highlighting its commitment to employee training and development. The company's innovative approach to nurturing talent and enhancing workforce skills places it among the top 105 training organizations globally, showcasing its dedication to skill growth and career advancement.
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Cavco Industries Announces Ratification of Collective Bargaining Agreement at Emlenton, Pennsylvania Plant

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Cavco Industries, Inc. (CVCO) successfully reaches a revised collective bargaining agreement with Pennwest TCC and The International Association of Machinists, leading to employees returning to work at the Emlenton, Pennsylvania manufacturing plant.
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Collective Bargaining Agreement Covering Employees of Cavco’s Emlenton, Pennsylvania Plant Expires

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Cavco Industries, Inc. (CVCO) announces the expiration of a collective bargaining agreement with Pennwest TCC, leading to a strike by Union employees at its Emlenton, PA manufacturing plant. The Company aims to resume negotiations promptly for a fair contract.
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Cavco Announces the First Homes Have Been Purchased by Graduates of Its Homes for Our Own Program

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Cavco Industries, Inc. (CVCO) launches Homes for Our Own program to help employees purchase their first homes. The self-funded program involves employee donations matched by Cavco, aiding in underwriting purchasing costs for graduates. CEO Bill Boor aims to address the affordable housing crisis and support employees' long-term success. Metrics show impressive results with 86 employees donating, 31 completing the curriculum, and 2 purchasing homes within nine months.
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Seth Schuknecht Appointed General Counsel, Corporate Secretary and Chief Compliance Officer of Cavco Industries, Inc.

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Cavco Industries, Inc. (Nasdaq: CVCO) has appointed Seth Schuknecht as the company’s Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer effective February 13, 2024. Mr. Schuknecht brings a strong background in securities law, corporate governance, mergers and acquisitions, regulatory compliance, risk management, and complex commercial transactions. He was previously Senior Vice President and Deputy General Counsel at Hagerty, Inc., a publicly traded global specialty vehicle insurance company. The current General Counsel, Mickey R. Dragash, has decided to leave after 5 years with the company, and Mr. Schuknecht's appointment is seen as a strategic move to continue the company's growth and focus on providing affordable housing solutions.
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Cavco Industries Reports Fiscal 2024 Third Quarter Results and Announces New $100 Million Stock Repurchase Program

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Cavco Industries, Inc. (Nasdaq: CVCO) announced financial results for the third fiscal quarter ended December 30, 2023. Net revenue was $447 million, down 10.8% compared to the prior year. Gross profit percentages decreased for both factory-built housing and financial services. Income before income taxes decreased by 42.1%. Net income per diluted share attributable to Cavco common stockholders was $4.27, compared to $6.66 in the prior year quarter. Backlogs totaled $160 million, with modules in backlog growing 3% from the September quarter. Stock repurchases were approximately $50 million in the quarter.
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Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2024 Third Quarter Earnings Release and Conference Call Webcast

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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 the 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. Cavco Industries, Inc., headquartered in Phoenix, Arizona, is one of the largest producers of manufactured and modular homes in the United States, with products marketed under various brand names. The company also produces park model RVs, vacation cabins, and factory-built commercial structures. Cavco's finance subsidiary, CountryPlace Mortgage, offers conforming mortgages, non-conforming mortgages, and home-only loans to purchasers of factory-built homes. The insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.
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Cavco Releases First HUD-Approved Manufactured Duplex Homes

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Cavco Industries, Inc. (CVCO) introduces the Anthem, the first nationally available, HUD-approved manufactured duplex, offering affordable housing solutions and investment opportunities.
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Cavco Industries Reports Fiscal 2024 Second Quarter Results

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Cavco Industries, Inc. reported financial results for the second fiscal quarter ended September 30, 2023. Net revenue was $452 million, down 21.7% compared to the same quarter last year. Factory-built housing gross profit was 23.2%, and financial services gross profit was 35.9%. Income before income taxes was $52 million, down 44.1% from the prior year. Net income per diluted share was $4.76. Backlogs decreased to $170 million. $47 million was returned to shareholders through stock repurchases.
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Cavco Industries

Nasdaq:CVCO

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CVCO Stock Data

3.83B
7.54M
5.78%
97.62%
1.91%
Residential Construction
Mobile Homes
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United States
PHOENIX