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CAVCO INDUSTRIES INC

CVCO

Industrials

1

exclusion reason

1 theme

Corporate Misconduct (1)
CVCO Industrials Current as of March 2026

CAVCO INDUSTRIES INC is screened out under 1 exclusion reason spanning 1 issue category.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Community Harm
Since Jul 28, 2021

Cavco Industries, through its Palm Harbor Homes manufacturing facility in Seguin, Texas, exposed workers to dozens of serious safety and health violations, leading to a significant federal enforcement action. In April 2024, the U.S. Department of Labor announced Cavco faced a proposed $335,726 in penalties following an inspection that identified 32 violations, including failures to implement lockout/tagout procedures to control hazardous energy, inadequate respiratory protection and chemical hazard communication, and unguarded machinery. This pattern of regulatory failure created preventable risks in a specific industrial facility, directly impacting the safety of the local workforce and community.

Separately, in April 2024, Cavco subsidiaries Palm Harbor Homes and Palm Harbor Villages agreed to pay $135,000 to settle a U.S. Equal Employment Opportunity Commission lawsuit alleging race discrimination. The EEOC found that a community manager at a Palm Harbor Villages manufactured housing community in Florida subjected Black maintenance workers to a racially hostile work environment, including frequent use of racial slurs, and that the company failed to take corrective action. This conduct created a documented, localized harm within that residential community.

Research Sources 8 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.