Quarterly ResultMay 22, 2026, 10:41 AM
Cavco Q4 Net Revenue $550M, EPS $5.42; Approves $150M Buyback
AI Summary
Cavco Industries reported strong financial results for its fiscal fourth quarter and full year ended March 28, 2026. For Q4, net revenue increased 8% to $550 million, and diluted EPS rose 21.3% to $5.42. For the full fiscal year, net revenue grew 11.4% to $2.245 billion, with diluted EPS up 15.8% to $23.98. The company also announced a new $150 million stock repurchase program, following approximately $160 million in repurchases during the year.
Key Highlights
- Board approved a new $150 million stock repurchase program.
- Q4 net revenue increased 8% to $550 million from $508 million in prior year.
- Q4 diluted net income per share rose 21.3% to $5.42 from $4.47.
- Full fiscal year net revenue increased 11.4% to $2.245 billion.
- Full fiscal year diluted net income per share grew 15.8% to $23.98.
- Factory-built housing Q4 net revenue was $528 million, up 8.2%.
- Financial services Q4 net revenue was $22.1 million, up 7.7%.
- Backlogs at year-end were $195 million, slightly down from $197 million.
Price Impact
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