Cavco Industries Reports Fiscal 2025 Second Quarter Results and Announces New $100 Million Stock Repurchase Program
1. Cavco's net revenue for Q2 grew to $507 million, up 12.3%. 2. Home sales volume increased by 15.7%, indicating strong demand. 3. Net income per diluted share rose to $5.28 from $4.76 last year. 4. Backlogs reached $276 million, 19% higher than the previous quarter. 5. Cavco approved a $100 million stock repurchase program post-results.