Earnings Call Summary | Cavco Industries(CVCO.US) Q4 2024 Earnings Conference
Earnings Call Summary | Cavco Industries(CVCO.US) Q4 2024 Earnings Conference
The following is a summary of the Cavco Industries, Inc. (CVCO) Q4 2024 Earnings Call Transcript:
以下是Cavco Industries, Inc.(CVCO)2024年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Cavco reported Q4 net revenue of $420.1 million, a decrease of 11.8% compared to the prior year due to reduced units sold and average selling prices.
Consolidated gross profit was 23.6%, down from 25.3% in the same period last year.
Net income to stockholders was $33.9 million, a decrease from $47.3 million in the same quarter of the prior year. Earnings per share also decreased to $4.03 from $5.39 per share in last year's fourth quarter.
Despite facing a down year, fiscal 2024 was Cavco's third-highest net income year in history, doubling the income from three years ago.
Cavco公佈的第四季度淨收入爲4.201億美元,與去年同期相比下降了11.8%,這要歸因於銷量和平均銷售價格的下降。
合併毛利爲23.6%,低於去年同期的25.3%。
股東淨收入爲3,390萬美元,低於去年同期的4,730萬美元。每股收益也從去年第四季度的每股5.39美元降至4.03美元。
儘管面臨下滑的一年,但2024財年是Cavco歷史上第三高的淨收入年份,收入是三年前的兩倍。
Business Progress:
業務進展:
Cavco experienced a quarter-to-quarter backlog increase for the first time since the downturn began, indicating market improvement.
The company expanded its retail presence by adding 15 new stores, bringing the total to 79 locations.
The Anthem series, a first-of-its-kind affordable housing solution, was launched by Cavco.
Cavco repurchased $110 million worth of its own stock, maintaining a stable financial base for continued growth investments.
The firm closely managed variable costs and monitored commodity pricing fluctuations.
Cavco is committed to enhancing its production and backlog management, and is considering further investment in its lending business for better market opportunities.
The company anticipates a progressive market and increased home deliveries due to its focus on finding affordability solutions for customers.
自經濟低迷開始以來,Cavco的積壓量首次同比增加,這表明市場有所改善。
該公司擴大了零售業務,增加了15家新門店,使門店總數達到79個。
Anthem系列是首款經濟適用住房解決方案,由Cavco推出。
Cavco回購了價值1.1億美元的自有股票,爲持續增長的投資維持了穩定的財務基礎。
該公司嚴密管理可變成本並監控大宗商品定價的波動。
Cavco致力於加強其生產和待辦事項管理,並正在考慮進一步投資其貸款業務,以獲得更好的市場機會。
由於專注於爲客戶尋找負擔得起的解決方案,該公司預計市場將不斷髮展,送貨上門服務將增加。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由 AI 生成。無法完全保證內容的準確性。欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。