Trade Cavco Industries Inc - CVCO CFD

Cavco Company profile

About Cavco Industries, Inc.

Cavco Industries, Inc. designs and produces factory-built homes. Its segments include factory-built housing and financial services. The factory-built housing segment includes wholesale and retail factory-built housing operations. The financial services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle and Destiny. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand. CountryPlace Acceptance Corp. (CountryPlace) is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary.

Financial summary

BRIEF: For the nine months ended 01 January 2022, Cavco Industries, Inc. revenues increased 40% to $1.12B. Net income increased from $51.4M to $144.1M. Revenues reflect Factory-built housing segment increase of 42% to $1.07B, Financial services segment increase of 4% to $53.7M. Net income benefited from Other income,net increase of 96% to $11.4M (income). Basic Earnings per Share excluding Extraordinary Items increased from $5.60 to $15.69.

Equity composition

Common Stock $.01 Par, 12/11, 20M auth., 6,817,606 issd. Insiders own 6.94%. 6/03 in a spin-off from Centex Corporation. Basis: 1-for-20. 2/05, 2-for-1 stock split.