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Posts Tagged ‘park model’

Cavco to Release Q4 Fiscal Year Financials

May 21st, 2015 Comments off

Cavco-Wedge  cabin  rvdailyreport comCavco Industries, Inc. (Nasdaq:CVCO) will release its earnings for the fourth quarter of fiscal year 2015 on Thursday, May 21 after the close of the market, according to nasdaq. The results will be discussed the following day, Friday, May 22 2015 in a live webcast at 1 PM eastern daylight time. Listen by internet at www.cavco.com.

MHProNews understands Cavco is one of the largest producers of manufactured homes in the United States, and also manufactures park model homes, vacation cabins, modular homes and systems-built commercial structures. The company also offers financing and insurance to purchasers of homes. ##

(Photo credit: rvdailyreport-Cavco wedge cabin)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cavco to Release Financials for Q2 2014

October 25th, 2013 Comments off

According to marketwatch.com, Cavco Industries, Inc. (CVCO) will release its financials for the second quarter of fiscal 2014 on Thurs., October 31 after the close of the market. Senior management will discuss the results in a webcast the following day, Fri., Nov. 1 at 12:00 noon EST. Interested parties may listen via the internet at www.cavco.com under the investors relations link. The call will be archived for 90 days under the same link. As MHProNews knows, Cavco is one of the largest producers of manufactured homes in the U. S., marketed under brand names including Cavco Homes, Fleetwood Homes, and Palm Harbor Homes. Cavco also manufactures park model homes, vacation cabins, systems-built commercial buildings as well as modular homes.

(Image credit: Cavco Industries, Inc.)

Cavco to Release Financials

July 26th, 2013 Comments off

Cavco Industries, Inc., will release financials for Q1 of fiscal year 2014 after the close of the market Thurs., Aug 1. 2013. The following day senior management will discuss the results in a live webcast Fri., Aug 2 at 12 noon Eastern time. Interested parties will be able to listen to the webcast at http://www.cavco.com under the investor relations link. The call will be archived for 90 days under the same link for 90 days following the webcast, according to globenewswire. MHProNews knows Cavco is one of the largest producers of manufactured homes in the country sold under the Cavco, Fleetwood Homes and Palm Harbor Homes brand names. The company also manufactures park model homes, vacation cabins and modular homes, and provides mortgages and insurance to owners of factory-built homes.

(Photo credit: Stacey Hairston/franklinnews-post–Cavco plant, Rocky Mt. Vir.))

FEMA Disaster Housing: Manufactured Homes instead of Park Models

July 11th, 2013 Comments off

A switch by the Federal Emergency Management Agency (FEMA) from Park Model homes to manufactured homes for disaster housing has some FEMA field staff members, among others, shaking their heads. According to the Homeland Security Dept. Office of the Inspector General (OIG), the larger manufactured homes often require siting in existing communities, which will cost FEMA $76 million annually. The Park Models measure 12 feet wide by 33 feet long, are more transportable, have fewer restrictions in terms of siting, can be placed on the property of the family rebuilding their home and are closer to schools. But FEMA points out the manufactured homes are made according to HUD Code, which insures safe levels of formaldehyde, and and are more suitable to longer-term occupancy. As MHProNews has learned from fiercehomelandsecurity, the OIG suggested FEMA bring back a housing option similar to the Park Model, which is less expensive and can be moved more quickly than a manufactured house.

(Photo credit: Russ Desantis/therecord–manufactured homes stored at Six Flags in New Jersey.)

Cavco Completes Acquisition of Fleetwood

June 14th, 2013 Comments off

Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming Fleetwood, which also includes Palm Harbor Homes, CountryPlace Mortgage, and Standard Casualty. Joseph Stegmayer, Cavco Chairman, President and Chief Executive Officer said, “We believe that the opportunity to obtain full ownership of these operations is attractive at this time. Although the manufactured housing industry remains challenged by overall economic conditions, we are encouraged by recent reports of improved general housing demand, consumer confidence, and unemployment levels. We have been fully responsible for operating the Fleetwood Homes business since August 2009 and the Palm Harbor Homes and related finance and insurance businesses since 2011. The opportunity to now consummate full ownership is clearly beneficial financially and will also eliminate certain administrative activities required of a joint venture.” As MHProNews knows, Cavco is the second largest producer of manufactured homes in the country, and also makes park model homes, vacation cabins and modular homes.

(Image credit: Cavco Industries, Inc.)

Cavco Releasing Financials

January 29th, 2013 Comments off

TradingCharts reports Cavco Industries, Inc. will release its earnings report for Q3 of fiscal year 2013 Thurs. Jan. 31 after the market closes. Senior officials will discuss the results in a live webcast Fri. Feb. 1 at 11:00 AM eastern time. Listen via Internet: http://www.cavco.com under the Investor Relations link. As MHProNews knows, Cavco, the second largest producer of manufactured homes in North America, also manufactures park model homes, cabins, commercial structures, and modular homes.

(Photo credit: Cavco Industries, Inc.)

Sun Acquires Fla. RV Community

November 8th, 2012 Comments off

MHProNews has learned the 127-acre RV community Rainbow RV Resort in Frostproof, Fla. has been sold to Sun Communities, Inc. of Southfield, Mich. Brokered by Marcus & Millichap, Rainbow is located in central Fla. east of Tampa, and offers a large heated swimming pool, a 15,000 square foot modern clubhouse with numerous amenities and activities, and two spas. Built in 2000, Rainbow is a five star 55+ gated community. Dan Mulkey, of M & M, says, “Rainbow RV is a beautiful community, having all lots large enough to accommodate permanent park model homes. Every year more permanent units are added, providing a stabilized income going forward. The park enjoys many of the same campers returning each year, adding to its stability.” Sun is a REIT that owns and operates 165 manufactured home and RV communities comprised of 57,700 developed sites. The selling price was not immediately available.

(Photo credit: Marcus & Millichap)

Cavco Announces Q1 Financials

August 3rd, 2012 Comments off

MarketWatch says Phoenix-based Cavco Industries, Inc. (CVCO: +3.63% Aug. 2) reported net sales for the first quarter of fiscal year (FY) 2013 totaled $118,781,000, representing a 20% increase over the $98,981,000 net sales for the first quarter of FY 2012. First quarter 2013 net income was $1,618,000 as compared to $20,688,000 for the same period in 2012. Included in net income for the first quarter of FY 2012 was $22,009,000 representing Cavco’s ownership percentage of the Palm Harbor transaction that occurred April 23, 2011. Commenting on the first quarter results, Vice president and Chief Financial Officer Dan Urness said, “Gross profit as a percentage of net sales increased 4.0% to 20.3% for the first quarter of fiscal 2013 versus 16.3% for the same quarter in the prior year. The increase is primarily attributable to having the full quarter benefit of the generally higher margin Palm Harbor retail and finance businesses versus a partial quarter last year, given the transaction closing date of April 23, 2011.” Cavco will hold a conference call Fri. Aug 3, 2012 at 12:00 noon eastern time to discuss these results. As MHProNews has learned, Cavco designs and produces manufactured and modular homes as well as park model homes, vacation cabins, and commercial structures, and also provides financial services to consumers. Cavco gained +0.25% on the stock market today.

(Image credit: Cavco Industries, Inc.)

Cavco to Release Financials

July 31st, 2012 Comments off

Yahoo!Finance says Cavco Industries, Inc. will release its earnings report for the first quarter of fiscal year (FY) 2013 on Thurs., Aug. 2, 2012 after the close of the market. Senior management will conduct a live webcast the following day, Fri. Aug 3, 2012 at 12:00 noon eastern time to discuss the Q1 results. The call will be archived for 90 days for those unable to participate. As MHProNews knows, Cavco is headquartered in Phoenix, Arizona, and produces manufactured and modular homes as well as park model homes, vacation cabins, and commercial structures. The company also offers mortgage and insurance services to home owners.

(Image credit: Cavco Homes)

HUD Code and MOD Stocks: Buy Now!

June 15th, 2012 Comments off

With manufactured housing increasing production nine consecutive months, as MHProNews has noted previously, smallcapnetwork says the time might be ripe to get into the manufacturing and modular housing market. Cavco Industries (NASDAQ:CVCO) reports net sales for the entire fiscal year 2012 hit $443,066,000, an increase of 156% over last year, and net income surged $4.07 million to $29.7 million. The gains are magnified by the acquisition of Palm Harbor Homes through its Fleetwood Homes subsidiary, which is half owned by Third Avenue Value Fund. The stock, up 19.7% since Jan. 1 and 34.1% over the past five years, gained 3.63% to 47.64 Thurs. Cavco produces manufactured and modular housing, park model homes and vacation cabins.
Drew Industries (NYSE:DW) provides a wide range of structural and interior components to the RV and manufactured housing industries. Sales rose 32% to 223.6 million in the first quarter 2012, producing net income of $11.1 million. In the RV division sales were up 29%, and 26% in the manufactured homes segment. On Thurs. the stock gained +0.70% to close at $27.20. The stock has gained 10.9% since Jan. 1, and is up 14.3% over the past year.

(Image credit: FotoSearch clip art)