Cavco Industries (CVCO) Tops Q4 EPS by 99c
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Cavco Industries Reports Fiscal 2022 Fourth Quarter and Year End Results and Announces New $100 Million Stock Repurchase Program
May 26, 2022 4:05 PM EDTPHOENIX, May 26, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended April 2, 2022 and provided updates on other business items. The current fiscal year includes 52 weeks while fiscal year 2021 contained 53 weeks, with the extra week falling in the fourth quarter.
On September 24, 2021, we completed the acquisition of certain assets and liabilities of The Commodore Corporation ("Commodore"), which operates six manufacturing plants and two retail locations. Since the acquisition date, the results of Commodore are included in Cavco's consolidated financial statements.
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