Company: CVCO
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000278166-25-000128
Chunk: 11

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part II, Item 1A
Chunk 11
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Item 1A. Risk Factors 

In addition to the other information set forth in this Report, you should carefully consider the factors discussed in Part I, Item 1A, Risk Factors, in the Form 10-K, which could materially affect our business, financial condition or future results. The risks described in this Report and in the Form 10-K are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or future results. 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

The following table sets forth repurchases of our common stock during the first quarter of fiscal year 2026:

PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs1Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs(in thousands)March 30, 2025 to       May 3, 202555,744 $479.62 55,744 $51,028 May 4, 2025 to       May 31, 202524,813 459.65 24,813 189,623 June 1, 2025 to       June 28, 202527,736 427.55 27,736 177,765 108,293 108,293 

The payment of dividends to Company stockholders is subject to the discretion of the Board of Directors, and various factors may prevent us from paying dividends. Such factors include Company cash requirements, covenants of our credit agreement and liquidity or other requirements of state, corporate and other laws.

1The stock repurchase plan announced on October 31, 2024 approved $100 million in stock repurchases. There is $28 million dollars remaining as of June 28, 2025 from this approval. The stock repurchase plan announced on May 22, 2025 approved $150 million in stock repurchases and has $150 million dollars remaining as of June 28, 2025 from this approval. These plans do not have an expiration date.

Item 5. Other Information 

Rule 10b5-1 Trading Plans

During the three months ended June 28, 2025, no director or officer of the Company adopted, modified, or