Cavco Industries Inc
NASDAQ:CVCO
Income Statement
Earnings Waterfall
Cavco Industries Inc
Revenue
|
1.9B
USD
|
Cost of Revenue
|
-1.4B
USD
|
Gross Profit
|
448.6m
USD
|
Operating Expenses
|
-252.8m
USD
|
Operating Income
|
195.7m
USD
|
Other Expenses
|
-24.6m
USD
|
Net Income
|
171.2m
USD
|
Income Statement
Cavco Industries Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Apr-2016 | Jul-2016 | Oct-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
511
N/A
|
533
+4%
|
539
+1%
|
548
+2%
|
557
+2%
|
567
+2%
|
589
+4%
|
642
+9%
|
676
+5%
|
712
+5%
|
736
+3%
|
732
-1%
|
753
+3%
|
774
+3%
|
795
+3%
|
808
+2%
|
827
+2%
|
871
+5%
|
911
+5%
|
952
+5%
|
964
+1%
|
963
0%
|
980
+2%
|
1 008
+3%
|
1 048
+4%
|
1 062
+1%
|
1 053
-1%
|
1 042
-1%
|
1 057
+1%
|
1 108
+5%
|
1 184
+7%
|
1 285
+9%
|
1 428
+11%
|
1 627
+14%
|
1 885
+16%
|
2 103
+12%
|
2 172
+3%
|
2 143
-1%
|
2 030
-5%
|
1 905
-6%
|
1 851
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(396)
|
(414)
|
(417)
|
(424)
|
(433)
|
(441)
|
(463)
|
(508)
|
(537)
|
(568)
|
(590)
|
(587)
|
(601)
|
(616)
|
(629)
|
(646)
|
(658)
|
(691)
|
(721)
|
(747)
|
(760)
|
(757)
|
(766)
|
(784)
|
(813)
|
(831)
|
(827)
|
(821)
|
(837)
|
(869)
|
(926)
|
(991)
|
(1 078)
|
(1 218)
|
(1 406)
|
(1 556)
|
(1 608)
|
(1 588)
|
(1 502)
|
(1 427)
|
(1 403)
|
|
Gross Profit |
115
N/A
|
120
+4%
|
122
+2%
|
124
+1%
|
124
+0%
|
126
+2%
|
126
+0%
|
134
+6%
|
139
+3%
|
144
+4%
|
146
+1%
|
146
0%
|
153
+5%
|
158
+4%
|
167
+6%
|
162
-3%
|
169
+4%
|
181
+7%
|
190
+5%
|
205
+8%
|
204
0%
|
206
+1%
|
215
+4%
|
224
+4%
|
235
+5%
|
231
-2%
|
226
-2%
|
221
-2%
|
220
0%
|
239
+9%
|
258
+8%
|
294
+14%
|
350
+19%
|
409
+17%
|
479
+17%
|
547
+14%
|
564
+3%
|
555
-2%
|
528
-5%
|
478
-10%
|
449
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(86)
|
(88)
|
(88)
|
(88)
|
(88)
|
(88)
|
(88)
|
(93)
|
(94)
|
(98)
|
(100)
|
(99)
|
(101)
|
(101)
|
(103)
|
(104)
|
(104)
|
(107)
|
(110)
|
(114)
|
(117)
|
(120)
|
(125)
|
(130)
|
(136)
|
(143)
|
(144)
|
(144)
|
(143)
|
(150)
|
(156)
|
(166)
|
(191)
|
(206)
|
(232)
|
(253)
|
(252)
|
(258)
|
(254)
|
(249)
|
(253)
|
|
Selling, General & Administrative |
(86)
|
(88)
|
(88)
|
(88)
|
(88)
|
(88)
|
(88)
|
(93)
|
(94)
|
(98)
|
(100)
|
(99)
|
(101)
|
(101)
|
(103)
|
(104)
|
(104)
|
(107)
|
(110)
|
(114)
|
(117)
|
(120)
|
(125)
|
(130)
|
(136)
|
(143)
|
(143)
|
(144)
|
(143)
|
(150)
|
(156)
|
(165)
|
(191)
|
(206)
|
(232)
|
(253)
|
(252)
|
(258)
|
(254)
|
(249)
|
(253)
|
|
Operating Income |
29
N/A
|
32
+7%
|
34
+9%
|
36
+4%
|
36
+1%
|
39
+7%
|
38
-1%
|
42
+10%
|
45
+7%
|
46
+4%
|
46
-1%
|
47
+2%
|
51
+10%
|
57
+11%
|
64
+13%
|
59
-8%
|
65
+11%
|
74
+14%
|
80
+9%
|
91
+14%
|
87
-5%
|
86
-1%
|
90
+4%
|
94
+4%
|
98
+5%
|
88
-10%
|
82
-6%
|
77
-7%
|
77
+0%
|
89
+15%
|
102
+15%
|
129
+26%
|
160
+24%
|
203
+27%
|
248
+22%
|
294
+19%
|
312
+6%
|
297
-5%
|
274
-8%
|
229
-16%
|
196
-15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
10
|
14
|
20
|
25
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
1
|
1
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
9
|
11
|
11
|
10
|
6
|
6
|
7
|
9
|
6
|
9
|
5
|
5
|
9
|
9
|
12
|
15
|
10
|
9
|
6
|
5
|
0
|
(1)
|
(2)
|
(6)
|
|
Pre-Tax Income |
25
N/A
|
28
+9%
|
31
+10%
|
33
+7%
|
35
+6%
|
37
+7%
|
37
-1%
|
41
+10%
|
42
+3%
|
44
+4%
|
44
0%
|
44
+1%
|
50
+12%
|
55
+11%
|
63
+13%
|
58
-7%
|
64
+11%
|
79
+22%
|
87
+11%
|
98
+13%
|
91
-7%
|
87
-5%
|
90
+4%
|
98
+9%
|
106
+8%
|
93
-12%
|
87
-6%
|
80
-9%
|
81
+2%
|
97
+20%
|
111
+14%
|
140
+27%
|
173
+24%
|
212
+22%
|
256
+21%
|
300
+17%
|
317
+6%
|
307
-3%
|
288
-6%
|
247
-14%
|
215
-13%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(9)
|
(10)
|
(11)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(17)
|
(16)
|
(22)
|
(22)
|
(24)
|
(24)
|
(18)
|
(19)
|
(22)
|
(22)
|
(18)
|
(17)
|
(15)
|
(17)
|
(20)
|
(24)
|
(30)
|
(4)
|
(14)
|
(25)
|
(33)
|
(70)
|
(66)
|
(61)
|
(52)
|
(44)
|
|
Income from Continuing Operations |
18
|
19
|
21
|
21
|
22
|
24
|
24
|
26
|
28
|
29
|
29
|
30
|
34
|
38
|
44
|
41
|
49
|
57
|
65
|
74
|
68
|
69
|
71
|
76
|
83
|
75
|
71
|
65
|
63
|
77
|
87
|
110
|
170
|
198
|
230
|
267
|
247
|
241
|
228
|
195
|
171
|
|
Income to Minority Interest |
(4)
|
(3)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
13
N/A
|
16
+21%
|
20
+25%
|
21
+6%
|
22
+3%
|
24
+8%
|
24
-1%
|
26
+11%
|
28
+6%
|
29
+3%
|
29
+0%
|
30
+4%
|
34
+14%
|
38
+12%
|
44
+17%
|
41
-7%
|
50
+22%
|
62
+22%
|
69
+13%
|
79
+14%
|
71
-10%
|
69
-3%
|
70
+2%
|
76
+8%
|
83
+10%
|
75
-10%
|
71
-6%
|
65
-8%
|
63
-2%
|
77
+21%
|
87
+13%
|
110
+26%
|
169
+55%
|
198
+17%
|
230
+16%
|
267
+16%
|
247
-7%
|
241
-3%
|
227
-6%
|
195
-14%
|
171
-12%
|
|
EPS (Diluted) |
1.48
N/A
|
1.94
+31%
|
2.24
+15%
|
2.38
+6%
|
2.46
+3%
|
2.64
+7%
|
2.61
-1%
|
2.89
+11%
|
3.04
+5%
|
3.15
+4%
|
3.15
N/A
|
3.29
+4%
|
3.75
+14%
|
4.17
+11%
|
4.81
+15%
|
4.49
-7%
|
5.46
+22%
|
6.68
+22%
|
7.46
+12%
|
8.47
+14%
|
7.61
-10%
|
7.37
-3%
|
7.64
+4%
|
8.12
+6%
|
8.93
+10%
|
8.07
-10%
|
7.59
-6%
|
6.96
-8%
|
6.83
-2%
|
8.25
+21%
|
9.34
+13%
|
11.77
+26%
|
18.19
+55%
|
21.25
+17%
|
25.57
+20%
|
29.63
+16%
|
27.73
-6%
|
27.03
-3%
|
25.82
-4%
|
22.37
-13%
|
20.3
-9%
|