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Sep 30, 2023
Cavco Q2 2024 Earnings Report
Cavco's financial performance decreased due to lower home sales volume and prices, and weather-related insurance claims.
Key Takeaways
Cavco Industries reported a decrease in net revenue and net income for the second quarter of fiscal year 2024. Net revenue was $452 million, a 21.7% decrease compared to the prior year. Net income per diluted share was $4.76, compared to $8.25 in the prior year quarter.
Net revenue decreased by 21.7% to $452 million.
Factory-built housing gross profit margin decreased to 23.2%.
Net income per diluted share decreased to $4.76.
Backlogs decreased slightly to $170 million.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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