Cavco Industries Inc   (CVCO)
Other Ticker:  
    Sector  Capital Goods    Industry Construction Services
Price: $358.2000 $9.32 2.671%
Day's High: $359.9 Week Perf: -3.3 %
Day's Low: $ 347.63 30 Day Perf: -3.65 %
Volume (M): 71 52 Wk High: $ 400.99
Volume (M$): $ 25,361 52 Wk Avg: $305.28
Open: $347.63 52 Wk Low: $233.84

 Market Capitalization (Millions $) 3,021
 Shares Outstanding (Millions) 8
 Employees 3,700
 Revenues (TTM) (Millions $) 1,851
 Net Income (TTM) (Millions $) 171
 Cash Flow (TTM) (Millions $) -20
 Capital Exp. (TTM) (Millions $) 16

Cavco Industries Inc

Cavco Industries, Inc., a Delaware corporation, was formed on June 30, 2003 as a successor corporation to previous Cavco entities operating since 1965. Headquartered in Phoenix, Arizona, the Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. We are the second largest producer of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names, which include Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes and Chariot Eagle. The Company is also a leading builder of park model RVs, vacation cabins and systems-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand. Our mortgage subsidiary, CountryPlace Acceptance Corp. ("CountryPlace"), is an approved Fannie Mae and Ginnie Mae seller/servicer and offers conforming mortgages to purchasers of factory-built and site-built homes. Our insurance subsidiary, Standard Casualty Co. ("Standard Casualty"), provides property and casualty insurance to owners of manufactured homes.

We construct our homes using an assembly-line process in which each module or floor section is assembled in stages. Our assembly-line process is designed to be flexible enough to accommodate significant customization, as requested by our customers. The Company operates 19 homebuilding facilities located in the Pacific, Mountain, Midwest, South Central and South Atlantic regions.

We distribute our homes through 45 Company-owned retail outlets and a network of independent distribution points in 40 states, Canada, Japan and Mexico. A significant number of these independent distribution points are located in Arizona, California, Florida and Texas. Thirty-two of the Company-owned retail stores are located in Texas

Our marketing strategy is to offer a line of manufactured homes that appeal to a wide range of home buyers. Our principal focus is on two large and diverse markets, which include the sale of high-value homes to entry-level and move-up buyers and to persons age 55 and older. We also market to special niches such as subdivision developers and vacation home buyers.

Our production strategy is to develop and maintain the resources necessary to build to varied and unique customer specifications in an efficient factory production environment. This enables us to attract retailers and consumers who want the flexibility to build homes to meet their specific needs, but still seek the value created by building a home on a factory production line.

We are the second largest producer of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes and Chariot Eagle. The Company is also a leading producer of modular homes, built primarily under the Nationwide Homes brand, as well as park model RVs, vacation cabins and systems-built commercial structures.

Approximately 80% of our products are constructed in accordance with the HUD code. We also build park model RVs, constructed to standards approved by the American National Standards Institute, a private, non-profit organization that administers and coordinates a voluntary standardization and conformity program. Park model RVs are less than 400 square feet in size, are primarily used as vacation dwellings and seasonal living, and are placed in planned communities, recreational home parks and resorts. We produce a wide variety of modular homes, which include single and multi-section/modular ranch-style dwellings, split-level homes, Cape Cod style homes, two and three story homes and multi-family units. We also build commercial modular structures including apartment buildings, condominiums, hotels, workforce housing, schools and housing for U.S. military troops (e.g., barracks). Commercial buildings are constructed in the same facilities in which we build our residential homes using similar assembly line processes and techniques. These commercial projects are generally engineered to the purchaser’s specifications. The buildings are transported to the customer’s site in the same manner as homes and are often set by crane and finished at the site.
We produce our residential homes in a variety of floor plans.

Each home typically contains a living room, dining area, kitchen, one to five bedrooms and one or more bathrooms, and is equipped with central heating and hot water systems, kitchen appliances, carpeting and window treatments. Feature upgrades include fireplaces, central air conditioning, tile roofs, high ceilings, skylights, hardwood floors, custom cabinetry, granite countertops and energy conservation elements. We also offer a variety of structural and decorative customizations to meet the home buyers specifications. With manufacturing centers strategically positioned across the nation, we utilize local market research to design homes to meet the demands of our customers. We have the ability to react and modify floor plans and designs to consumers’ specific needs. By offering a full range of homes from entry-level models to large custom homes and with the ability to engineer designs in-house, we can accommodate virtually any customer request.

We are focused on building quality, energy efficient homes for the modern home buyer. Green building involves the creation of an energy efficient envelope, including higher utilization of renewable materials. These homes provide environmentally-friendly maintenance requirements, generally lower utility costs, specially designed ventilation systems, best use of space and passive solar orientation.

Our manufactured homes are constructed and equipped at our factories. The finished home is then primarily transported by independent trucking companies either to a retail sales center, planned community, housing development, work site or the customers site. Retailers or other independent installers are responsible for placing the home on site and, in most instances, arranging for connections to utilities and providing installation and finish-out services. Although our manufactured homes are designed to be transportable, very few are moved from their original site after installation.

We are constantly introducing new floor plans, decors, exteriors, features and accessories to appeal to changing trends in different regions of the country. Our factory-built homes are designed after extensive field research and consumer feedback. We have developed engineering systems which, through the use of computer-aided technology, permit customization of homes and assist with product development and enhancement. We work with a variety of partners, meeting an expanding range of housing needs from a home buyer’s private land to planned neighborhoods to recreational or resort properties to accommodations for workforces in agriculture and industry.

   Company Address: 3636 North Central Ave, Ste 1200 Phoenix 85012 AZ
   Company Phone Number: 256-6263   Stock Exchange / Ticker: NASDAQ CVCO

Customers Net Income fell by CVCO's Customers Net Profit Margin fell to

-42.95 %

11.22 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


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Product Service News

Cavco Industries Navigates Collective Bargaining Agreement While Successfully Weathering Supplier Challenges

Published Wed, Mar 6 2024 10:35 PM UTC

In a strategic move to foster a mutually beneficial working relationship, Cavco Industries, Inc. (Nasdaq: CVCO) has announced the successful ratification of a revised collective bargaining agreement with Pennwest TCC and The International Association of Machinists representing employees at the Company's Emlenton, Pennsylvania manufacturing plant. This landmark achievement si...

Management Announcement

Cavco Industries Faces Union Strike as Collective Bargaining Agreement Expires, But Shares Maintain Strong Performance

Published Thu, Feb 29 2024 11:06 PM UTC

Cavco Industries, Inc. (Nasdaq: CVCO) recently made an announcement regarding the expiration of the collective bargaining agreement between Pennwest TCC and The International Association of Machinists, which represents employees at the company's manufacturing plant in Emlenton, Pennsylvania. As a consequence, Union employees have taken the decision to g...


Cavco's Groundbreaking Employee Homeownership Program Spurs Economic Growth and Empowerment

Published Mon, Feb 26 2024 8:26 PM UTC

In a commendable endeavor to promote employee welfare and empower individuals with the dream of homeownership, Cavco Industries, a leader in factory-built housing, has successfully launched its groundbreaking employee homeownership program titled Homes for Our Own. This visionary initiative has already witnessed its initial success, with the first homes being purchased by en...

Cavco Industries Inc

Cavco Industries Inc Reports 35.89% Drop in EPS Amid Weak Sales in Q3 of 2024 Earnings Season

Cavco Industries Inc, a renowned company in the Construction Services sector, recently disclosed disappointing numbers in their financial report for the fiscal quarter ended December 30, 2023. According to the report, the company experienced a soft top and bottom-line, with earnings per share (EPS) dropping by -35.89% and revenue declining by -10.754% year on year.
Comparing the figures to the previous fiscal period, Cavco Industries Inc's revenue fell from $500.60 million to $446.77 million, a decrease of -10.754%. Similarly, EPS dropped from $6.66 to $4.27, representing a decline of -35.89%.

Product Service News

Navigating Ups and Downs: The Unveiling of Cavco Industries Inc's Corporate Clients' Performance Amidst Changing Economic Landscape

Published Tue, Dec 12 2023 9:05 PM UTC

In the dynamic world of business and investments, the performance of corporate clients can shed light on the overall health of the economy. Cavco Industries Inc's corporate customers have recently experienced fluctuations in their cost of revenue, impacting their bottom line. Additionally, both Cavco Industries Inc and its business partners have witnessed changes ...


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