CAVCO INDUSTRIES, INC. (CVCO) Form 10-Q — Oct 30, 2026
Cavco Industries reported Q2 FY2027 net revenue of $656.4 million, up 17.9% year over year, with diluted EPS of $7.17 versus $6.55 a year ago. The American Homestar acquisition contributed $68.9 million of the quarterly revenue increase. Gross margin compressed to 22.5% from 24.2% due to higher input costs, and the effective tax rate rose to 24.4% after the repeal of the Energy Star tax credit. Backlog jumped to $348 million from $210 million a year earlier, suggesting strong forward demand.
Key figures
- Eps
- 7.17
- Revenue
- 656378000
- Net Income
- 55439000
- Total Assets
- 1611528000
- Cash Position
- 271911000
- Shares Outstanding
- 7630411
- Backlog
- $348 million vs $210 million a year ago
- Homes sold q2
- 5972
- Credit facility
- $75 million revolver, no borrowings outstanding
- Gross margin q2
- 22.5% vs 24.2% prior year
- Buyback remaining
- $158 million under $150M programs (May 2025 and May 2026)
- Six month revenue
- 1266337000
- Q2 share repurchases
- 51936
- Six month net income
- 97710000
- Q2 revenue prior year
- 556527000
- Q2 net income prior year
- 52381000
- Q2 diluted eps prior year
- 6.55
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