Cavco Industries, Inc. (CVCO) Income Statement Analysis

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Complete financial analysis of Cavco Industries, Inc. (CVCO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cavco Industries, Inc., a leading company in the Residential Construction industry within the Consumer Cyclical sector.

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Cavco Industries, Inc. (CVCO)

Industry: Residential Construction

Sector: Consumer Cyclical

Website: https://www.cavco.com

About Cavco Industries, Inc.

Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. Further, it provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of April 3, 2022, it operated 45 company-owned retail stores in Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. The company also distributes its homes through a network of independent distribution points in 48 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	1.79B	2.14B	1.63B	1.11B	1.06B	962.75M	871.24M	773.80M	712.35M	566.66M	533.34M	452.30M	443.07M	171.83M	115.61M	105.36M	141.91M	169.11M	189.50M	157.44M	128.86M	110.04M	95.73M	95.48M	118.50M	138.10M
Cost of Revenue	1.37B	1.59B	1.22B	869.07M	831.26M	757.04M	690.56M	615.76M	567.91M	440.52M	413.86M	351.95M	347.12M	147.55M	104.92M	94.59M	121.54M	138.81M	151.14M	127.92M	106.23M	90.68M	80.43M	77.79M	90.10M	106.10M
Gross Profit	426.90M	554.93M	408.75M	238.98M	230.52M	205.71M	180.68M	158.04M	144.45M	126.14M	119.48M	100.36M	95.95M	24.28M	10.70M	10.77M	20.38M	30.30M	38.36M	29.52M	22.63M	19.35M	15.30M	17.69M	28.40M	32.00M
Gross Profit Ratio	23.79%	25.90%	25.12%	21.57%	21.71%	21.37%	20.74%	20.42%	20.28%	22.26%	22.40%	22.19%	21.65%	14.13%	9.25%	10.22%	14.36%	17.92%	20.24%	18.75%	17.56%	17.59%	15.98%	18.53%	23.97%	23.17%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	119.47M	106.91M	101.23M	98.10M	87.66M	87.90M	79.30M	79.80M	21.35M	16.72M	11.21M	13.83M	15.31M	0.00	14.25M	13.58M	12.20M	11.54M	14.37M	14.70M	17.40M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	2.10M	0.00	0.00	0.00	0.00	38.00K	13.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	247.92M	258.32M	206.25M	150.15M	145.61M	121.57M	106.91M	101.23M	98.10M	87.66M	87.94M	79.31M	79.80M	21.35M	16.72M	11.21M	13.83M	15.31M	16.37M	14.25M	13.58M	12.20M	11.54M	14.37M	14.70M	17.40M
Other Expenses	0.00	385.00K	10.20M	8.83M	9.57M	5.98M	9.15M	2.92M	2.05M	3.44M	1.11M	1.58M	1.34M	2.03M	0.00	0.00	0.00	0.00	16.37M	0.00	0.00	0.00	0.00	12.91M	3.50M	3.10M
Operating Expenses	247.92M	258.32M	206.25M	150.15M	145.61M	121.57M	106.91M	101.23M	98.10M	87.66M	87.94M	79.31M	79.80M	21.35M	16.72M	11.21M	13.83M	15.31M	16.37M	14.25M	13.58M	12.20M	11.54M	27.28M	18.20M	20.50M
Cost & Expenses	1.62B	1.85B	1.42B	1.02B	976.87M	878.61M	797.46M	716.99M	666.01M	528.18M	501.79M	431.26M	426.92M	168.89M	121.63M	105.80M	135.36M	154.12M	167.51M	142.16M	119.81M	102.88M	91.96M	105.07M	108.30M	126.60M
Interest Income	21.00M	10.68M	3.54M	2.14M	8.42M	6.32M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.03M	222.00K	764.00K	2.54M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.65M	910.00K	702.00K	738.00K	1.50M	3.44M	4.40M	4.44M	4.36M	4.59M	4.85M	5.97M	7.27M	0.00	0.00	0.00	0.00	2.39M	1.48M	532.00K	233.00K	0.00	0.00	0.00	300.00K	1.20M
Depreciation & Amortization	18.53M	16.90M	11.02M	6.32M	5.78M	4.70M	4.03M	3.69M	3.92M	3.76M	4.00M	4.01M	5.56M	1.36M	1.20M	817.00K	785.00K	692.00K	1.17M	1.30M	1.60M	1.17M	1.20M	5.60M	-3.00M	900.00K
EBITDA	195.86M	315.00M	212.81M	94.41M	89.20M	85.39M	73.40M	56.05M	45.90M	37.65M	30.70M	26.63M	45.05M	6.32M	-4.60M	375.00K	7.34M	15.68M	21.99M	15.27M	9.04M	8.32M	4.97M	-9.59M	7.20M	12.30M
EBITDA Ratio	10.91%	14.36%	13.07%	8.81%	8.90%	9.36%	9.52%	7.72%	6.79%	7.40%	6.12%	5.00%	3.64%	1.71%	-5.21%	0.36%	5.17%	9.27%	12.22%	10.53%	8.26%	7.56%	5.19%	-10.05%	6.08%	8.91%
Operating Income	178.98M	184.79M	202.50M	88.83M	84.91M	84.14M	73.77M	56.81M	46.34M	38.48M	31.55M	21.04M	16.15M	2.93M	-6.02M	-442.00K	6.55M	14.99M	21.99M	15.27M	9.04M	7.15M	3.76M	-9.59M	10.20M	11.40M
Operating Income Ratio	9.97%	8.62%	12.44%	8.02%	8.00%	8.74%	8.47%	7.34%	6.51%	6.79%	5.91%	4.65%	3.64%	1.71%	-5.21%	-0.42%	4.62%	8.86%	11.61%	9.70%	7.02%	6.50%	3.93%	-10.05%	8.61%	8.25%
Total Other Income/Expenses	20.20M	10.15M	9.49M	8.09M	8.07M	2.54M	4.75M	-1.53M	-2.31M	-1.15M	-3.74M	-4.39M	16.08M	2.03M	222.00K	764.00K	2.54M	2.39M	1.48M	532.00K	233.00K	-344.00K	-655.00K	-1.07M	300.00K	1.20M
Income Before Tax	199.18M	306.76M	211.99M	96.91M	92.98M	86.68M	78.52M	55.28M	44.03M	37.33M	27.81M	16.65M	32.23M	4.96M	-5.80M	322.00K	9.09M	17.38M	23.47M	15.81M	9.28M	6.81M	3.11M	-10.67M	10.50M	12.60M
Income Before Tax Ratio	11.10%	14.32%	13.03%	8.75%	8.76%	9.00%	9.01%	7.14%	6.18%	6.59%	5.21%	3.68%	7.27%	2.89%	-5.02%	0.31%	6.41%	10.28%	12.39%	10.04%	7.20%	6.19%	3.25%	-11.17%	8.86%	9.12%
Income Tax Expense	41.28M	65.92M	14.25M	20.27M	17.91M	18.05M	17.02M	17.33M	15.49M	13.51M	9.10M	6.35M	2.50M	889.00K	-2.01M	-136.00K	2.78M	5.96M	8.68M	6.23M	3.05M	11.36M	4.55M	11.00M	3.60M	1.50M
Net Income	157.82M	240.55M	197.70M	76.65M	75.07M	68.62M	61.50M	37.96M	28.54M	23.82M	16.24M	4.96M	15.24M	2.83M	-3.37M	458.00K	6.31M	11.55M	15.05M	10.13M	6.15M	-4.55M	-1.44M	-27.27M	6.90M	11.10M
Net Income Ratio	8.79%	11.23%	12.15%	6.92%	7.07%	7.13%	7.06%	4.91%	4.01%	4.20%	3.04%	1.10%	3.44%	1.65%	-2.92%	0.43%	4.45%	6.83%	7.94%	6.43%	4.77%	-4.13%	-1.50%	-28.56%	5.82%	8.04%
EPS	18.55	27.20	21.54	8.34	8.22	7.56	6.82	4.23	3.21	2.69	1.97	0.71	2.22	0.43	-0.52	0.07	0.98	1.81	2.38	1.61	0.49	-0.72	-0.23	-4.41	1.11	1.79
EPS Diluted	18.37	26.95	21.34	8.25	8.10	7.40	6.68	4.17	3.15	2.64	1.94	0.71	2.19	0.41	-0.52	0.07	0.95	1.74	2.23	1.54	0.49	-0.72	-0.23	-4.33	1.11	1.79
Weighted Avg Shares Out	8.51M	8.84M	9.18M	9.19M	9.13M	9.08M	9.02M	8.98M	8.89M	8.85M	8.26M	6.96M	6.88M	6.64M	6.52M	6.49M	6.43M	6.36M	6.32M	6.29M	12.52M	6.29M	6.18M	6.18M	6.20M	6.20M
Weighted Avg Shares Out (Dil)	8.59M	8.92M	9.26M	9.29M	9.27M	9.27M	9.20M	9.11M	9.05M	9.02M	8.38M	7.03M	6.95M	6.86M	6.52M	6.69M	6.66M	6.63M	6.75M	6.56M	12.62M	6.29M	6.29M	6.29M	6.20M	6.20M

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NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business...

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May 19, 2022globenewswire.com

PHOENIX, May 19, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the fourth quarter and fiscal year ended April 2, 2022 on Thursday, May 26, 2022 after the close of market. Senior management will discuss...

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