b'INDUSTRY NEWSCavco Sees Revenue Dip During 2nd Fiscal Quarter Mid-Atlantic Conference CavcoIndustriesInc.(Nasdaq:$93 million in the prior year period.Organizers Anticipating Our plants, and operations overall con-CVCO) has announced that net revenue Net income per diluted share attrib- tinue to do an outstanding job main- a Busy 2024 Event was down 21.7% during the second fis- utable to Cavco common stockholderstaining healthy margins and generatingAttendees of the 33rd Annual Mid-At-cal quarter of 2024, which ended onwas$4.76comparedto$8.25inthestrong cash flow despite market condi- lantic Campground Conference & Trade Sept. 30, according to a press release.prior year quarter.tions.Show (MAC) are invited to come a day Second quarter summaryBacklogs were $170 million at theProspectivehomeownershaveearly for a special tour of Fort Wilder- Net revenue was $452 million, downendofthequarter,down$7milliongotten no relief from the impact of ris- ness, according to a press release. 21.7% compared to $577 million in thefrom $177 million three months prior.ing interest rates and the affordableThe MAC conference is slated for second quarter of the prior year. The company returned nearly $47housingcrisisisintensifying,heFeb. 19-21 in Lake Buena Vista, Fla.Factory-built housing gross profit asmillion to shareholders through stockadded.AtCavco,wecontinuetoConferencedetailsplusregistration a percentage of net revenue was 23.2%repurchases.managethenear-termchallengesforms are online at www.campground-compared to 26.7% in the prior year.Backlogs have stabilized at about sixwith a steady focus on improving theconference.com.Financial services gross profit as aweeks, reflecting modest improvementcustomer experience, deepening our percentage of net revenue was 35.9%in wholesale orders while capacity uti- distribution partnerships and devel- The event will take place at the Wynd-compared to 44.6% in the prior year.lizationremainedessentiallyun- opinginnovativeproductsandfi- ham Garden Lake Buena Vista DisneyIncome before income taxes waschanged from the first quarter, notednance solutions so we can get moreSprings Resort Area, a lush resort across $52 million, down 44.1% compared toBill Boor, Cavcos president and CEO.families into homes. WCM from Disney Springs and close to Disney Theme Parks. Campground operators and Northgate Resorts Now Offering Third-Party Management Servicesmanagers from the Mid-Atlantic States and beyond are welcome to attend. Northgate Resorts, a company thatresorts in the U.S., achieving industry- sist of a suite of programs including op- Joann DelVescio, the conference coor-currently operates 28 campground andleading visitor satisfaction scores anderations, brand and marketing, humandinator, said attendees who plan to be in camp resort properties across 16 states,implementing cutting-edge amenities.resources,capitalimprovement,ac- town the preceding weekend should con-isnowofferingthird-partymanage- After over a decade of campgroundcounting and financial reporting, laborsider signing up for the tour of Fort Wilder-ment services for campground owners.management,NorthgateResortshasmanagement, revenue management ,ness, which is set for Sunday, Feb. 18. A press release noted that North- developed the team, programming andand legal and licensing support.Based on initial feedback Ive gotten, gatescampgroundmanagementex- resourcestosupportothercamp- Operatorsinterestedinlearningthe tour is going to be a popular activity, pertise is among the strongest in thegrounds, said Tessa McCrackin, chiefmore about the Northgate Resorts Man- as we visit this premier camping facility industry, with a reputation for runningmarketing officer of Northgate Resorts.agement program can get more infor- set in 750 acres of forest land, said some of the highest revenue-generatingThe new management offerings con- mation at NorthgateResorts.com. WCM DelVescio. People should definitely reg-ister early and check this off on their CALENDAR OF EVENTS form to guarantee a spot on the tour. Another draw for prospective confer-FEBRUARYMARCH21-23: NCAs Conference on Campingence attendees may be the Daytona 500 3-6: CARVC Conference & Expo1-2: OCOA Spring Trade ShowSouthbridge Hotel & ConferenceWeekend taking place on the weekend Embassy Suites Myrtle BeachEmbassy Suites Columbus AirportCenterleading into the conference. Daytona is OceanfrontColumbus, OhioSouthbridge, Mass.approximatelyone-and-a-halfhours Myrtle Beach, S.C.614-221-7748cyndy@campnca.comfrom Lake Buena Vista, where the MAC carvcmembership@outlook.comconference is being held. 13-17: WACO Convention & MAYIf youre looking for interesting things to 19-21: Mid-Atlantic CampgroundTrade Show14-17: FRVCA Outdoor Hospitalitydo in the area, VisitOrlando has established Conference & Trade ShowHoliday Inn Hotel & ConventionConference & Expoa special page for attendees to purchase Wyndham Garden Lake Buena VistaCenterHilton Orlandodiscount attraction tickets, find show your Lake Buena Vista, Fla. Stevens Point, Wis. Orlando, Fla.badge and save locations, and download a info@campgroundconference.com715-344-0200850-562-7151WCM handy visitors app, noted DelVescio. Visit theconferencewebsiteatwww.camp-groundconference.com for that link. The conference planners are creating a captivating schedule of educational semi-nars with speakers experienced in their fields including industry notables, the re-lease stated, including Christine Taylor, Esq. of The Towne Firm P.C., Ross Godwin of CampgroundViews.com., Mia Caetano Johnson of Northeast Campground Bro-kers, Donald Bennett Jr., of Merchantry Tourism and representatives from the RV Technical Institute. Educational topics will touch on tips for success as owners and managers of camp-grounds, unlocking legal insights in the campground industry, looking ahead to the future of the campground industry, dealing with new influencers, driving return on in-vestment in social media, and policies and government affairs at the national level. Event registration is now open. Early bird registration for the full conference is $250 per person. Day rates are also available. Sponsors for events, plus vendors for the trade show set Monday, Feb. 19 are welcome. Sponsorships start at $300 and trade show booths are $350. Formoreinformation,visit www.campgroundconference.com and jointheeventsFacebookgroupat www.facebook.com/groups/MAC-Conference. WCM28 January 2024Woodalls Campground Magazine'