Cavco Industries Q4 Earnings Surpass Street View

  • Cavco Industries Inc CVCO reported fourth-quarter FY22 revenue growth of 64.9% year-over-year to $505.48 million, beating the consensus of $435.50 million.
  • The gross profit jumped 82.9% Y/Y to $129.6 million, with the margin contracting 250 basis points to 25.6%.
  • Selling, general and administrative expenses rose 35.9% to $59.7 million.
  • The operating margin was 13.8%, and operating income for the quarter increased 159.6% to $69.8 million.
  • The company held $279 million in cash and equivalents as of April 2, 2022.
  • EPS of $5.80 beat the analyst consensus of $4.81.
  • CVCO's Board of Directors approved a new $100 million stock repurchase program.
  • Price Action: CVCO shares closed higher by 3.21% at $216.60 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!