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Cavco Announces Q2 Financials, $100M Stock Repurchase Program

Manufactured housing company Cavco announced financial results for the second fiscal quarter ended Sept. 28.

Quarterly Highlights

Commenting on the quarter, President and CEO Bill Boor said, “Our second quarter results were strong as our plants ramped production in line with order growth. Additionally, our financial services segment showed improvement following the previously communicated $4 million in claims resulting from Hurricane Beryl early in the period.

He continued, “Our continuing prayers and support are with all those affected by Hurricanes Helene and Milton. Thankfully, our employees and their families remained safe; however, many suffered devastating property damage. While dealing with their personal challenges, our Cavco teammates resumed operations, minimizing any negative home shipment effects. Our thanks go out to all our dedicated co-workers in the region for their grit and commitment to providing homes for our customers. The critical importance of that work has never been more apparent than in the aftermath of these catastrophes.”

View the full report here.

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