NASDAQ$CVCO

Cavco Industries Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Cavco Industries reported Q4 2024 results with a decrease in net revenue and net income.

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.

Headline financials

Total Revenue

$420M

Previous: $476M-11.8%
EPS (adj)

$4.03

Previous: $5.39-25.2%
Factory-built modules sold

6.2K

Previous: 7.2K-13.9%
Factory-built homes sold

3.9K

Previous: 4.5K-12.0%
Backlog

$191M

Previous: $244M-21.7%
Capital Expenditures

$4.18M

Previous: $3.26M+28.5%
Net Income

$33.9M

Previous: $47.4M-28.3%
Operating Income

$37.6M

Previous: $54.3M-30.7%
Gross Profit

$99M

Previous: $121M-17.9%
Stock-Based Comp

$2.06M

Previous: $1.41M+46.3%

Revenue & EPS history

Cavco · Revenue · Quarterly

$420M

Q4 2024-11.8%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Cavco · $550M total across 2 segments · Q4 2026

  • Factory-Built Housing
    $528M
  • Financial Services
    $22.1M

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).

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.0%

Avg return

Earnings day

+3.7%

Avg return

5 days after

+4.9%

Avg return

30 days after

59%

37 / 63 earnings

Positive

+18.0%

Q3 2018

Best reaction

-23.5%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-20.3%-18.1%-6.5%
Q2 2026+6.4%+11.1%+18.2%
Q1 2026+4.9%+11.7%+31.4%
Q4 2025-5.4%-12.9%-20.4%
Q3 2025+6.7%+12.0%+10.0%
Q2 2025+7.9%+10.6%+24.3%
Q1 2025-7.6%-12.3%-0.3%
Q4 2024-1.7%-1.3%+1.1%
Q3 2024+3.4%+6.3%+14.2%
Q2 2024+9.0%+5.5%+17.4%
Q1 2024+1.3%+3.9%-0.6%
Q4 2023-6.1%-4.3%-6.6%
Q3 2023-0.5%+5.6%+6.6%
Q2 2023-1.1%+3.8%+17.8%
Q1 2023+9.2%+9.9%-11.1%
Q4 2022+4.4%+5.9%-5.3%
Q3 2022+6.0%+7.2%-1.4%
Q2 2022+3.2%+13.8%+19.3%
Q1 2022+4.0%+5.6%+5.8%
Q4 2021+4.0%+5.0%+4.3%
Q3 2021+3.6%+12.1%+15.9%
Q2 2021-1.5%+10.5%+7.3%
Q1 2021+4.0%+7.2%+0.7%
Q4 2020+9.8%+1.9%-1.6%
Q3 2020+2.8%+3.1%-7.5%
Q2 2020-4.8%-3.9%-2.1%
Q1 2020+8.0%+8.1%+11.2%
Q4 2019+17.5%+13.5%+19.1%
Q3 2019-17.1%-13.9%-22.0%
Q2 2019-23.5%-22.2%-30.4%
Q1 2019+5.0%+6.8%+16.0%
Q4 2018+10.2%+19.4%+12.5%
Q3 2018+18.0%+10.9%+20.1%
Q2 2018-3.8%-5.0%-5.1%
Q1 2018+2.5%-7.1%-1.5%
Q4 2017+11.2%+11.5%+11.8%
Q3 2017+10.6%+14.3%+20.0%
Q2 2017+3.6%+4.7%+12.2%
Q1 2017-0.8%+2.6%+6.4%
Q4 2016+5.6%+4.7%-6.2%
Q3 2016+5.9%
Q2 2016+17.9%
Q1 2016-0.5%
Q4 2015+1.7%
Q3 2015-0.1%
Q2 2015+0.1%
Q1 2015-2.6%
Q4 2014+6.6%
Q3 2014+5.3%
Q2 2014-5.5%
Q1 2014+5.3%
Q4 2013+3.3%
Q3 2013+0.5%
Q2 2013-4.0%
Q1 2013-3.4%
Q4 2010+0.9%
Q3 2012-1.4%
Q3 2011-1.4%
Q2 2012-3.5%
Q4 2011-12.1%
Q2 2011-12.1%
Q1 2012-12.1%
Q1 2011-12.1%

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