Company: CVCO
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047849
Chunk: 62

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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2024Factory-built housingFinancial servicesConsolidatedDepreciation$4,312 $63 $4,375 Amortization$378 $7 $385 Capital expenditures$4,878 $27 $4,905 Six Months Ended September 28, 2024Factory-built housingFinancial servicesConsolidatedDepreciation$8,616 $128 $8,744 Amortization$764 $13 $777 Capital expenditures$9,729 $90 $9,819 

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 September 27,2025March 29,2025Total assets:Factory-built housing$1,210,524 $1,191,216 Financial services238,545 215,429 Consolidated$1,449,069 $1,406,645 

19. Subsequent Events

As announced on September 30, 2025 in a current report on Form 8-K, we completed the acquisition of  American Homestar Corporation and other related entities (collectively "American Homestar"), including their two manufacturing facilities, nineteen retail locations and financial service operations. The addition of American Homestar to our existing manufacturing and retail system strengthens our position in the South Central U.S.. The purchase price totaled $190 million, before certain customary adjustments, and was funded with cash on hand. 

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Statements in this Quarterly Report on Form 10-Q (the "Report") include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often characterized by the use of words such as "believes," "estimates," "expects," "projects," "may," "will," "intends," "plans," or "anticipates," or by discussions of strategy, plans or intentions. Forward-looking statements include, for example, discussions regarding the manufactured housing and site-built housing industries; discussions regarding our efforts and the efforts of other industry participants to develop the home-only loan secondary market; our financial performance and operating results; our strategy; our liquidity and financial resources; our outlook with respect to Cavco Industries, Inc. and its subsidiaries (collectively, "we