Quarterly ResultJul 31, 2026, 04:28 PM
Cavco Q1 Revenue Up 9.5%, Net Income Down 18.2%
AI Summary
Cavco Industries reported mixed first-quarter results for fiscal year 2027, with net revenue increasing by 9.5% to $609.96 million. However, net income declined by 18.2% to $42.27 million, and diluted EPS fell by 15.4% to $5.43. The company's net cash provided by operating activities saw a significant increase of 34.1% to $74.45 million, and it continued share repurchases totaling $30 million. The results reflect the ongoing integration and impact of the American Homestar acquisition from the prior fiscal year.
Key Highlights
- Net revenue increased 9.5% to $609.96 million.
- Net income decreased 18.2% to $42.27 million.
- Diluted EPS fell 15.4% to $5.43.
- Net cash from operating activities rose 34.1% to $74.45 million.
- Factory-built housing segment revenue was $585.97 million.
- Financial services segment revenue reached $23.99 million.
- Repurchased $30 million of common stock.
- Goodwill increased to $209.24 million, partly from American Homestar acquisition.
Price Impact
More from CVCO