CAVCO INDUSTRIES Reports Q4 Earnings For FY2023 Ending May 18, 2023

🌥️Earnings Overview

On May 18, 2023, CAVCO INDUSTRIES ($NASDAQ:CVCO) reported their Q4 financial results for the fiscal year ending March 31, 2023. Revenue totaled USD 476.4 million, a 5.8% decrease from the previous year. Net income decreased 11.8% year over year to USD 47.3 million.

Price History

On Thursday, CAVCO INDUSTRIES reported their quarterly earnings for fiscal year 2023, which ended on May 18, 2023. Overall, CAVCO INDUSTRIES reported strong quarterly earnings with increases in both revenue and earnings per share. The company’s strong cash flow and decreased operating expenses helped to fuel these gains. This is a positive sign for investors and should continue to help the stock climb higher in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cavco Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cavco Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cavco Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Cavco Industries are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of CAVCO INDUSTRIES‘ financials. According to Star Chart, CAVCO INDUSTRIES is classified as a “gorilla”, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Such companies are likely to be attractive to savvy investors looking for a strong return on investment. Our analysis found that CAVCO INDUSTRIES has a high health score of 10/10, indicating it is capable of paying off its debt and funding future operations. Additionally, the company is strong in terms of assets, growth, and profitability, though it is weak in terms of dividend payouts. As a result, we believe CAVCO INDUSTRIES is an attractive option for investors looking for a long-term commitment with potential for growth. More…

Peers

The company has a long history of competition with other leading companies in the industry, including Skyline Champion Corp, Century Communities Inc, and Tama Home Co Ltd. Cavco has a reputation for innovation and quality, and is always looking for ways to improve its products and services. The company is committed to providing its customers with the best possible value, and its competitive prices and superior quality have helped it to become one of the most successful companies in the industry.

– Skyline Champion Corp ($NYSE:SKY)

Skyline Champion Corp is a leading manufacturer of modular homes, mobile homes, and RV park model homes in North America. The company has a market cap of 2.69B as of 2022 and a Return on Equity of 34.19%. Skyline Champion Corp is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol SKY.

– Century Communities Inc ($NYSE:CCS)

Century Communities, Inc. engages in the development, design, construction, marketing, and sale of residential single-family attached and detached homes in metropolitan areas in Colorado, Texas, Arizona, Nevada, Georgia, North Carolina, and Washington. As of December 31, 2020, the company owned and controlled approximately 25,700 lots. It sells its homes through its sales associates, as well as through independent real estate brokers. The company was founded in 2013 and is headquartered in Greenwood Village, Colorado.

– Tama Home Co Ltd ($TSE:1419)

Tama Home Co Ltd is a Japanese home goods company with a market cap of 66.87B as of 2022. The company has a Return on Equity of 26.04%. Tama Home Co Ltd designs, manufactures, and sells home goods, including furniture, kitchenware, and bathroom fixtures. The company operates in Japan, China, and the United States.

Summary

Investors looking at CAVCO INDUSTRIES should take note of their recent Q4 earnings results for the period ending May 18, 2023. The company reported total revenue of USD 476.4 million, which is a 5.8% decrease from the previous year. Net income was reported as USD 47.3 million, a decrease of 11.8% year-over-year.

This is indicative of CAVCO INDUSTRIES’ weakening performance and could signal potential issues with their current strategy. Investors should carefully monitor the company’s results and consider their options accordingly.