Cavco GAAP EPS of $5.29, revenue of $476M

• Cavco press release (NASDAQ:CVCO): Q1 GAAP EPS of $5.29.
• Revenue of $476M (-19.0% Y/Y).
• • Backlogs were $177 million at the end of the quarter, down $67 million from $244 million three months prior.
  • On August 1, 2023, the Company's Board of Directors approved a new $100 million stock repurchase program that may be used to purchase its outstanding common stock.