CVCO · Cavco Industries Inc.
AI read · Good for CVCO
The AI's read
The larger queue of orders gives Cavco more homes to build, and record shipments show it is already moving more units. Better pricing also kept factory-built profit per sale rising despite higher building costs. Still, management said the market is not strong. Orders slow as winter starts, and plants ran at about 75% of capacity. Those concerns temper the quarter, but the larger backlog and rising margins carry more weight.