Recent Updates — CVCO

Cavco Industries reported fiscal second-quarter results ending September 26, 2026, with net revenue increasing 17.9% to $656.4 million and diluted earnings per share rising 9% to $7.17. The company sold 15,766 factory-built homes, a 15.3% increase in volume, while backlogs grew to $348 million. Consolidated gross profit margin contracted to 22.5% from 24.2% in the prior year period, though financial services margins expanded. The quarter included a one-time $7 million insurance premium benefit that boosted net income per diluted share by $0.70. Cavco Industries designs and builds manufactured homes and modular homes.

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.