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Mar 30, 2024
Cavco Q4 2024 Earnings Report
Cavco Industries reported Q4 2024 results with a decrease in net revenue and net income.
Key Takeaways
Cavco Industries reported a decrease in net revenue and net income for the fourth quarter of fiscal year 2024. Net revenue was $420 million and net income was $34 million. The company faced challenges with lower sales volume in the factory-built housing segment, but saw improvements in order rates as the quarter progressed.
Net revenue was $420 million and Net income of $34 million.
Gross profit as a percentage of Net revenue was 23.6%.
Net income per diluted share attributable to Cavco common stockholders was $4.03 compared to $5.39 in last year's fourth quarter.
Backlogs at March 30, 2024 were $191 million, up $31 million or 19.4% compared to $160 million three months ago and down from $244 million at April 1, 2023.
Revenue by Segment
Forward Guidance
Cavco's management will hold a conference call to review these results tomorrow, May 24, 2024 at 1:00 p.m. (Eastern Time).
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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