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Cavco Industries (DE:CII)
BERLIN:CII
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
4.74Last Year’s EPS
3.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 0.02%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive overall sentiment with significant improvements in EPS, revenue, and segment performance. The company has successfully implemented strategies to enhance profitability and market positioning, despite facing some regional market challenges and external uncertainties.Company Guidance
During the third quarter of fiscal year 2025, Cavco Industries reported strong performance across its operations, with a 30% sequential increase in earnings per share (EPS) to $6.90. The Financial Services segment recorded its highest quarterly profit in four years, driven by improved insurance operations, including better underwriting practices and premium increases. Meanwhile, the Factory-built Housing segment saw a 3.4% increase in volume and a gross margin improvement of 70 basis points, despite normal seasonal slowdowns. Net revenue for the quarter was $522 million, representing a 16.8% increase from the previous year. The company also maintained a healthy backlog of six to eight weeks and increased production rates, positioning itself well for future demand. Additionally, Cavco repurchased $42 million in stock, with cumulative repurchases totaling $389 million since the program's initiation. The effective tax rate decreased to 18.6% due to tax credits for ENERGY STAR compliant home shipments, contributing to a net income of $56.5 million, up $20.5 million from the prior year.Strong EPS Growth
Earnings per share (EPS) increased by 30% sequentially to $6.90, driven by improved results in both financial services and factory-built housing.
Financial Services Segment Recovery
The Financial Services segment recorded its best quarterly profit in four years, with improved profitability due to changes in underwriting and premium increases.
Revenue Increase
Net revenue for the third fiscal quarter of 2025 was $522 million, up $75.2 million or 16.8% compared to $446.8 million during the prior year.
Factory-Built Housing Segment Performance
Factory-built housing segment net revenue was $500.9 million, up 17.3%, with a 21.6% increase in homes sold, despite a 3.5% decrease in average revenue per home sold.
Digital Marketing Strategy Success
Increased traffic, lead generation, and the number of independent retail businesses connecting to the digital platform validated the company's digital marketing strategy.
Gross Margin Improvement
Consolidated gross margins improved by 180 basis points to 24.9% compared to the same period last year.
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DE:CII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:CII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | €32.91 | €32.91 | 0.00% |
| Oct 31, 2024 | €32.91 | €32.91 | 0.00% |
| Aug 01, 2024 | €32.91 | €32.91 | 0.00% |
| May 23, 2024 | €32.91 | €32.91 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cavco Industries (DE:CII) report earnings?
Cavco Industries (DE:CII) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Cavco Industries (DE:CII) earnings time?
Cavco Industries (DE:CII) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Cavco Industries stock?
The P/E ratio of Cavco Industries is N/A.
What is DE:CII EPS forecast?
DE:CII EPS forecast for the fiscal quarter 2025 (Q4) is 4.74.
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