Tranche Update on Cavco Industries, Inc.'s Equity Buyback Plan announced on May 26, 2022.
May 19, 2023 at 04:24 pm EDT
Share
From January 1, 2023 to April 1, 2023, the company has repurchased 115,457 shares, representing 1.32% for $30 million. With this, the company has completed the repurchase of 266,988 shares, representing 3.02% for $64.27 million under the buyback announced on May 26, 2022.
Cavco Industries, Inc. designs and produces factory-built homes. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary.
CAVCO INDUSTRIES, INC. 
