CVCO News & Events

Cavco Industries is down -17.8%, or -$109.94 to $507.56.

Reports Q4 revenue $580.99M vs. $522.04M last year. Commenting on the quarter, president and CEO Bill Boor said, "Industry shipments slowed in the quarter with HUD shipments at a significantly lower pace in the reported October and November period. Our operating approach was to use the backlog and additional days down over the holidays to maintain a steady daily production pace in the factories. Looking forward, affordable housing continues to rise in national policy discussions and as we talk with retailers and communities, the tone in the market remains optimistic. We will be looking to the Spring selling season to determine our ability to increase production from here."

La-Z-Boy (LZB) announced that William Boor has joined the company's board of directors, effective December 8. Boor is the president and CEO of Cavco Industries (CVCO), a role he has held since 2019.

Reports Q2 revenue $556.53M, consensus $542.92M. Home sales volume was up 5.4% and capacity utilization increased to approximately 75% from approximately 70% in the second quarter of the prior year. Commenting on the quarter, President and Chief Executive Officer Bill Boor said, "We saw continued strong performance from all phases of our business - production, retail and our Financial Services segment. Our teams executed with excellence in a fluid market with continuing macroeconomic risks."