Cavco Industries, Inc. (NASDAQ:CVCO) Q2 2023 Results Conference Call November 4, 2022 1:00 PM ET

Company Participants

Mark Fusler - Corporate Controller, IR

Bill Boor - President, CEO

Allison Aden - EVP, CFO

Paul Bigbee - CAO

Conference Call Participants

Daniel Moore - CJS Securities

Greg Palm - Craig-Hallum

Jay McCanless - Wedbush

Operator

Good day, and thank you for standing by. Welcome to the Second Quarter Fiscal Year 2023 Cavco Industries Earnings Call Webcast. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Mark Fusler, Corporate Controller and Investor Relations. Please go ahead.

Mark Fusler

Good day, and thank you for joining us for Cavco Industry's Second Quarter Fiscal Year 2023 Earnings Conference Call.

During this call, you'll be hearing from Bill Boor, President and Chief Executive Officer; Allison Aden, Executive Vice President and Chief Financial Officer; and Paul Bigbee, Chief Accounting Officer.

Before we begin, we'd like to remind you that the comments made during this conference call by management may contain forward-looking statements, including statements of expectations or assumptions about Cavco's financial and operational performance, revenues, earnings per share, cash flow or use, cost savings, operational efficiencies, current or future volatility in the credit markets or future market conditions. All forward-looking statements involve risks and uncertainties, which could affect Cavco's actual results and could cause those actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of Cavco.

I encourage you to review Cavco's filings with the Securities and Exchange Commission, including without limitation, the company's most recent forms, 10-K and 10-Q which identify specific factors that may cause actual results or events to differ materially from those described in these forward-looking statements.

This conference call also contains time-sensitive information that is accurate only as of the day of this live broadcast Friday, November 4, 2022. Cavco undertakes no obligation to revise or update any forward-looking statements, whether written or oral, to reflect events or circumstances after the date of this conference call, except as required by law.

Now I'd like to turn the call over to Bill Boor, President and Chief Executive Officer. Bill?

Bill Boor

Welcome, and thank you for joining us today to review our results for the second quarter of 2023. I want to start off by saying that we were fortunate that our employees who were close to the areas hit by Hurricane Ian were all safe. Damage to our manufacturing and retail locations was minimal, and the entire team did a great job preparing and then responding to the situation. Most impressive was the way they shifted their attention to providing relief and supplies to the more heavily impacted areas following the storm. Our thoughts go out to those who have been more severely affected, and our thanks go out to our folks who rose to the occasion so impressively and reached out to help others in such meaningful ways.