Cavco Industries (CVCO) Tops Q4 EPS by 79c, Revenues Beat

Cavco Industries (NASDAQ: CVCO) reported Q4 EPS of $2.71, $0.79 better than the analyst estimate of $1.92. Revenue for the quarter came in at $306.5 million versus the consensus estimate of $293.79 million.

Fourth Quarter 2021

• Recorded highest quarterly Net revenue in the Company’s history at $306.5 million
• Gross profit as a percentage of Net revenue increased to 23.1%
• Earnings per diluted share was $2.71 compared to $1.29 for the same quarter last year
• Factory capacity utilization was approximately 75% during the quarter, consistent with the third quarter
• Home sales order rates improved 50% over last year's quarter
• Backlogs increased $131 million during the quarter

Fourth Quarter 2021

Recorded highest quarterly Net revenue in the Company’s history at $306.5 million
Gross profit as a percentage of Net revenue increased to 23.1%
Earnings per diluted share was $2.71 compared to $1.29 for the same quarter last year
Factory capacity utilization was approximately 75% during the quarter, consistent with the third quarter
Home sales order rates improved 50% over last year's quarter
Backlogs increased $131 million during the quarter

For earnings history and earnings-related data on Cavco Industries (CVCO) click here.

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