Earnings ·
Cavco Industries reported fiscal first quarter results for the period ended June 27, 2026
CVCOCavco Industries, Inc.
Cavco Industries reported fiscal first quarter results for the period ended June 27, 2026. Net revenue increased 9.5% to $610 million from $557 million in the prior year, driven by a 4.4% rise in home sales volume and higher revenue per unit. Diluted net income per share declined 15.4% to $5.43 compared to $6.42 previously, as gross profit margins in factory-built housing contracted from 22.6% to 20.8%. The company's backlog grew significantly to $298 million, representing 7-9 weeks of production against $195 million a year earlier. Cavco repurchased approximately $30 million of stock during the quarter, leaving $188 million available under existing authorizations. Cavco Industries is a leading manufacturer and distributor of factory-built housing products, including manufactured homes, modular homes, park model RVs, and vacation cabins.