Tag: operations

PHOENIX, July 14, 2025 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("Cavco" or the "Company") announced today that it has entered into a definitive agreement to acquire American Homestar Corporation and its subsidiaries (collectively, "American Homestar"), a Houston-based company best known in the market as Oak Creek Homes. American Homestar operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as an agent for third party insurers. With 800 employees, revenues for the twelve months ended May 31, 2025 were $194 million, net income was $16.6 million and earnings before interest, taxes, depreciation, amortization, and other income ("Adjusted EBITDA") (non-GAAP)* was $17.8 million. During that time, American Homestar produced 1,676 homes.

Operating expenses reduced 58% YoY and net loss narrowed 43% as Rivalry emerges a lean, high-performance engine built for scale, with Q2 setting new records in key user metrics

DALLAS, July 14, 2025 (GLOBE NEWSWIRE) -- The Andrew Hillman Scholarship for Entrepreneurs is now open for applications, offering undergraduate students across the United States a unique opportunity to gain recognition and financial support for their entrepreneurial aspirations. Created by renowned business strategist and investor Andrew Hillman, the scholarship seeks to identify and support students who demonstrate a clear vision, innovative mindset, and a deep interest in building and leading successful business ventures.

Key Highlights: