Tranche Update on Cavco Industries, Inc.'s Equity Buyback Plan announced on August 3, 2023.
February 02, 2024 at 02:37 am IST
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From October 1, 2023 to December 30, 2023, the company has repurchased 190,593 shares, representing 2.24% for $50 million. With this, the company has completed the repurchase of 231,447 shares, representing 2.71% for $61.05 million under the buyback announced on August 3, 2023.
Cavco Industries, Inc. is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. 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 products 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. The Company also produces park model recreational vehicles (RVs), vacation cabins and factory-built commercial structures. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. is its insurance subsidiary.
CAVCO INDUSTRIES, INC. 
