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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.
Visualization of income flow from segment revenue to net income
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