Sector: Consumer Cyclicals | Industry: Homebuilding |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 3636 North Central Ave, Ste 1200 PHOENIX AZ 85012 |
Tel: | 1-602-2566263 |
Website: | https://www.cavco.com |
IR: | See website |
Key People | ||
William C. Boor President, Chief Executive Officer, Director | Allison K. Aden Chief Financial Officer, Executive Vice President, Treasurer | Brian R. Cira President - Manufacturing |
Matthew A. Nino President - Retail | Gavin M. Ryan President of Standard Casualty Company | Lyle D. Zeller President of CountryPlace Acceptance, Corp |
Seth Schuknecht Executive Vice President, Chief Compliance Officer, General Counsel, Company Secretary | Steven K. Like Senior Vice President | Paul W. Bigbee Chief Accounting Officer |
Business Overview |
Cavco Industries, Inc. designs and produces factory-built homes. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary. |
Financial Overview |
For the nine months ended 30 December 2023, Cavco Industries, Inc. revenues decreased 18% to $1.37B. Net income decreased 36% to $123.9M. Revenues reflect Factory-built housing segment decrease of 18% to $1.32B. Net income also reflects Selling/General/Admin. Expense increase of 40% to $186.5M (expense), Other income,net decrease of 91% to $557K (income). |
Employees: | 7,000 as of Apr 1, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,914M as of Dec 30, 2023 |
Annual revenue (TTM): | $1,851M as of Dec 30, 2023 |
EBITDA (TTM): | $214.29M as of Dec 30, 2023 |
Net annual income (TTM): | $171.20M as of Dec 30, 2023 |
Free cash flow (TTM): | $215.19M as of Dec 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 8,346,618 as of Jan 26, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |