Cavco Industries reported first fiscal quarter results for the period ended June 27, 2026, with net revenue of $609.959 million and net income of $42.271 million. Diluted net income per share was $5.43 for the quarter. The company noted an expanding backlog and continued operational momentum across its factory-built housing and financial services businesses.
Financial Highlights
- Net revenue: $609.959 million for the three months ended June 27, 2026, up 9.5% year-over-year.
- Gross profit: $134.590 million; consolidated gross profit margin: 22.1%.
- Income from operations: $52.755 million for the quarter.
- Net income: $42.271 million; diluted net income per share: $5.43.
Business Highlights
- Factory-built housing revenue increased to $585.972 million, driven by higher home sales volume and higher revenue per home sold; net factory-built housing revenue per home sold was $103,584.
- Home sales volume rose: 5,657 factory-built homes sold (up 4.4% year-over-year) and 9,507 modules sold (up 6.8%).
- Financial services revenue grew to $23.987 million, supported by increased loan sales and unrealized gains on the equity portfolio; financial services gross margin expanded to 52.4%.
- Backlog expanded to $298 million (7–9 weeks of production), up from $195 million a year earlier, and the company executed approximately $30 million in stock repurchases during the quarter.
Original SEC Filing:
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