Cavco Industries (Nasdaq: CVCO) Q1 net income $42,271 with growing backlog
Rhea-AI Filing Summary
Cavco Industries reported fiscal 2027 first-quarter results for the quarter ended June 27, 2026. Net revenue rose 9.5% to $609,959 (dollars in thousands), driven by factory-built housing revenue of $585,972 and financial services revenue of $23,987. Factory-built homes sold increased 4.4% to 5,657, and net factory-built housing revenue per home sold grew 4.7% to $103,584.
Consolidated gross profit increased to $134,590 (thousands), but gross margin declined to 22.1% from 23.3% as higher input costs and SG&A, including the American Homestar acquisition and higher compensation, pressured factory-built housing margins. Net income fell to $42,271 (thousands), or $5.43 diluted EPS, compared with $51,642 and $6.42 a year earlier. Backlogs reached $298 million, representing 7–9 weeks of production versus $195 million, reflecting what management described as record shipments and strong order momentum. Cavco repurchased approximately $30 million of stock, leaving $188 million authorized, and ended the quarter with cash and cash equivalents of $243,195 (thousands) and stockholders' equity of $1,110,396 (thousands).
Positive
- Backlog increased to $298 million, representing 7–9 weeks of production and a rise from $195 million, indicating significantly stronger order visibility.
- Net revenue grew 9.5% to $609,959 (thousands), with factory-built homes sold up 4.4% and net revenue per home sold up 4.7%.
Negative
- Net income declined 18.1% to $42,271 (thousands), and diluted EPS fell to $5.43 from $6.42 as margins and operating income compressed.
- Consolidated gross margin decreased to 22.1% from 23.3%, with factory-built housing gross margin down to 20.8% from 22.6% due to higher input costs and SG&A.
Filing Explained
Quarterly repurchases left 7,709,359 common shares outstanding at June 27, 2026, with $188 million of authorization still available.
This Form 8-K reports Cavco’s completed fiscal first-quarter results and shows 7,709,359 common shares outstanding at
Form 8-K is used to report specified material events, and this filing identifies the event as quarterly results under Item 2.02. The balance sheet also reports 9,504,933 shares issued and 1,795,574 shares held in treasury at quarter-end.
The company reported approximately
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net revenue: $609,959 (dollars in thousands)
Net income: $42,271 (dollars in thousands)
Diluted EPS: $5.43
+5 more
8 metrics
Net revenue
$609,959 (dollars in thousands)
Three months ended June 27, 2026; up 9.5% year over year
Net income
$42,271 (dollars in thousands)
Three months ended June 27, 2026; down 18.1% vs prior-year quarter
Diluted EPS
$5.43
Three months ended June 27, 2026; prior-year quarter $6.42
Backlog
$298 million
End of quarter; represents 7–9 weeks of production vs $195 million prior year
Consolidated gross margin
22.1%
Three months ended June 27, 2026; down from 23.3% a year earlier
Factory-built homes sold
5,657
Three months ended June 27, 2026; up 4.4% vs 5,416 prior year
Cash and cash equivalents
$243,195 (dollars in thousands)
Balance sheet as of June 27, 2026
Stock repurchases
Approximately $30 million
Repurchases during fiscal 2027 first quarter; $188 million remaining authorization
Key Terms
factory-built housing, backlogs, forward flow agreement, Operating lease right-of-use assets, +1 more
5 terms
factory-built housing technical
"designs and produces factory-built housing products primarily distributed through a network"
Factory-built housing is homes or residential units that are largely constructed in a controlled factory setting and then transported to a site for final assembly or installation. Like buying a pre-assembled appliance instead of building it piece by piece on-site, this method can lower costs, shorten delivery times, and improve quality consistency. Investors watch it because it can change construction economics, influence housing supply and pricing, and affect the profitability and risk profile of developers, builders, lenders and real estate owners.
backlogs financial
"Backlogs totaled $298 million at the end of the quarter representing 7-9 weeks"
forward flow agreement financial
"loan activity due to a forward flow agreement signed in the fourth quarter"
A forward flow agreement is a contract in which one party agrees to sell a steady stream of future assets or receivables—such as loans, invoices, or production output—to another party over a set period at prearranged terms. For investors, it matters because it creates predictable cash flow and reduces uncertainty by locking in supply and prices or shifting credit risk, much like a standing order that guarantees regular deliveries and payments between two businesses.
Operating lease right-of-use assets financial
"Operating lease right-of-use assets | 37,071 | | | 33,578"
An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.
deferred income taxes financial
"Deferred income taxes | 14,674 | | | 14,716"
Deferred income taxes are accounting entries that record taxes a company will owe or reclaim in the future because the company's financial accounting and its tax returns recognize income or expenses at different times. They matter to investors because deferred taxes affect future cash flow and can change a company’s real profit picture—think of them as a postponed tax bill or credit that shifts when and how much cash actually leaves or enters the business.
Earnings Snapshot
Net revenue: $609,959 (dollars in thousands)
Quarter ended June 27, 2026
Net revenue
$609,959 (dollars in thousands)
Up 9.5% from $556,857 (dollars in thousands) in the prior-year quarter
Net income
$42,271 (dollars in thousands)
Down 18.1% from $51,642 (dollars in thousands) in the prior-year quarter
Diluted EPS
$5.43
Down 15.4% from $6.42 in the prior-year quarter
Consolidated gross margin
22.1%
Down from 23.3% in the prior-year quarter
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Cavco (CVCO) revenue perform in fiscal 2027 first quarter?
Cavco reported net revenue of $609,959 (dollars in thousands), up 9.5% from $556,857 in the prior-year quarter. Factory-built housing contributed $585,972 and financial services $23,987, reflecting higher home sales volume and increased loan sales.
What were Cavco (CVCO) net income and EPS for Q1 fiscal 2027?
Cavco generated net income of $42,271 (thousands), or $5.43 diluted EPS, compared with $51,642 and $6.42 a year earlier. The decline reflects lower gross margin and higher selling, general and administrative expenses.
How did Cavco (CVCO) factory-built housing margins change in the quarter?
Factory-built housing gross margin was 20.8%, down from 22.6% in the prior-year quarter. Gross profit rose slightly to $122,019 (thousands), but higher input costs and increased SG&A, including American Homestar-related expenses, compressed margins.
What is Cavco (CVCO) backlog and production coverage after Q1 fiscal 2027?
Cavco reported backlogs of $298 million, representing about 7–9 weeks of production, compared with $195 million a year earlier. Management highlighted this backlog growth as evidence of strong order momentum and record shipments.
How much stock did Cavco (CVCO) repurchase in the fiscal 2027 first quarter?
Cavco repurchased approximately $30 million of its common stock during the quarter. At quarter-end, $188 million remained available for repurchases under existing Board authorizations, while diluted weighted average shares outstanding were 7,784,424.
What is the financial position of Cavco (CVCO) after Q1 fiscal 2027?
Cavco ended the quarter with cash and cash equivalents of $243,195 (thousands) and total assets of $1,541,448 (thousands). Total stockholders' equity was $1,110,396 (thousands), and total liabilities were $431,052 (thousands).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 30, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices, including zip code) | ||||||||||||||
Registrant's telephone number, including area code: (602 ) 256-6263
Not applicable
(Former name or former address, if changed from last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
| (Nasdaq Global Select Market) | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition
On July 30, 2026, Cavco Industries, Inc., a Delaware corporation (the "Company"), announced financial results for its fiscal first quarter ended June 27, 2026. A copy of the Company’s press release announcing these financial results is attached as Exhibit 99.1 hereto and incorporated in this Item 2.02 by reference.
Item 9.01. Financial Statements and Exhibits
| Exhibit Number | Description | ||||
99.1 | Press Release dated July 30, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CAVCO INDUSTRIES, INC. | |||||
| By: | /s/ Allison K. Aden | ||||
| Allison K. Aden | |||||
| Executive Vice President, Chief Financial Officer & Treasurer | |||||
| Date: | July 30, 2026 | ||||
 | For additional information, contact: | |||||||
Mark Fusler Corporate Controller and Investor Relations investor_relations@cavco.com | ||||||||
| News Release | Phone: 602-256-6263 On the Internet: www.cavcoindustries.com | |||||||
FOR IMMEDIATE RELEASE
CAVCO INDUSTRIES REPORTS FISCAL 2027 FIRST QUARTER RESULTS
Cavco delivered record sales volume, solid earnings and an expanding backlog
PHOENIX, July 30, 2026 (GLOBE NEWSWIRE) – Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the first fiscal quarter ended June 27, 2026.
Quarterly Highlights
•Net revenue was $610 million, up $53 million or 9.5% compared to $557 million in the first quarter of the prior year.
•Home sales volume was up 4.4% and capacity utilization remained consistent year over year at approximately 75%.
•Factory-built housing Gross profit as a percentage of Net revenue was 20.8%, compared to 22.6% in the same period in the prior year.
•Financial services Gross profit as a percentage of Net revenue was 52.4%, compared to Gross profit of 40.9% in the prior year.
•Income before income taxes was $55.8 million, down $9.5 million, or 14.6% compared to $65.3 million in the same period in the prior year.
•Net income per diluted share attributable to Cavco common stockholders was $5.43 compared to $6.42 in the prior year quarter.
•Backlogs totaled $298 million at the end of the quarter representing 7-9 weeks of production compared to $195 million at the end of the prior year.
•Stock repurchases were approximately $30 million in the quarter. At the end of the first quarter, $188 million remains available for repurchases under our previously announced Board authorizations.
Commenting on the quarter, President and Chief Executive Officer Bill Boor said, "This quarter saw the continuation of strong order momentum we saw at the end of Q4 2026. In Q1, we saw record shipments and grew our backlog by over 50%. These results don't happen with just one or two plants doing well. They are a reflection of order growth and the excellent job all of our teams have done responding to the market."
He continued, "Externally, we saw progress on the regulatory front with the passing of the bipartisan 21st Century ROAD to Housing Act. The law highlights the role factory-built homes need to play in the housing affordability crisis with major sections dedicated to Manufactured Housing. It will enable innovation, provide regulatory clarity, improve access to financing, and encourage states and local authorities to reduce zoning barriers. Importantly, we are also seeing an increasing number of states passing legislation to improve zoning access at the local level. While we continue to manage through a challenging macro-economic environment for prospective homebuyers, the future is bright for factory-built housing solutions to help more families achieve home ownership."
Financial Results
| Three Months Ended | |||||||||||||||||||||||
| ($ in thousands, except revenue per home sold) | June 27, 2026 | June 28, 2025 | Change | ||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Factory-built housing | $ | 585,972 | $ | 535,694 | $ | 50,278 | 9.4 | % | |||||||||||||||
| Financial services | 23,987 | 21,163 | 2,824 | 13.3 | % | ||||||||||||||||||
| $ | 609,959 | $ | 556,857 | $ | 53,102 | 9.5 | % | ||||||||||||||||
| Factory-built modules sold | 9,507 | 8,900 | 607 | 6.8 | % | ||||||||||||||||||
| Factory-built homes sold (consisting of one or more modules) | 5,657 | 5,416 | 241 | 4.4 | % | ||||||||||||||||||
| Net factory-built housing revenue per home sold | $ | 103,584 | $ | 98,910 | $ | 4,674 | 4.7 | % | |||||||||||||||
•In the Factory-built housing segment, the increase in Net revenue was due to higher home sales volume as a result of the American Homestar acquisition in the third quarter of the prior year and an increase in Net revenue per home sold.
•Financial services segment Net revenue increased primarily due to increased loan sales in the mortgage division and unrealized gains on the Financial services equity portfolio.
| Three Months Ended | |||||||||||||||||||||||
| ($ in thousands) | June 27, 2026 | June 28, 2025 | Change | ||||||||||||||||||||
| Gross profit | |||||||||||||||||||||||
| Factory-built housing | $ | 122,019 | $ | 120,845 | $ | 1,174 | 1.0 | % | |||||||||||||||
| Financial services | 12,571 | 8,661 | 3,910 | 45.1 | % | ||||||||||||||||||
| $ | 134,590 | $ | 129,506 | $ | 5,084 | 3.9 | % | ||||||||||||||||
| Gross profit as % of Net revenue | |||||||||||||||||||||||
| Consolidated | 22.1 | % | 23.3 | % | N/A | (1.2) | % | ||||||||||||||||
| Factory-built housing | 20.8 | % | 22.6 | % | N/A | (1.8) | % | ||||||||||||||||
| Financial services | 52.4 | % | 40.9 | % | N/A | 11.5 | % | ||||||||||||||||
| Selling, general and administrative expenses | |||||||||||||||||||||||
| Factory-built housing | $ | 73,970 | $ | 63,154 | $ | 10,816 | 17.1 | % | |||||||||||||||
| Financial services | 7,865 | 5,994 | 1,871 | 31.2 | % | ||||||||||||||||||
| $ | 81,835 | $ | 69,148 | $ | 12,687 | 18.3 | % | ||||||||||||||||
| Income from operations | |||||||||||||||||||||||
| Factory-built housing | $ | 48,049 | $ | 57,691 | $ | (9,642) | (16.7) | % | |||||||||||||||
| Financial services | 4,706 | 2,667 | 2,039 | 76.5 | % | ||||||||||||||||||
| $ | 52,755 | $ | 60,358 | $ | (7,603) | (12.6) | % | ||||||||||||||||
•In the factory-built housing segment, Gross profit increased due to an increase in home sales volume and price, partially offset by higher input costs. Selling, general and administrative expenses were higher due to the addition of American Homestar, and to a lesser extent, increases in compensation and employee related expenses, as well as sales and marketing expenses.
•In the financial services segment, Gross profit and Income from operations increased primarily due to lower claims losses, unrealized gains on the investment portfolio, and to a lesser extent, the addition of American Homestar in the current year. Selling, general and administrative expenses increased partially due to a headcount increase to handle increased loan activity due to a forward flow agreement signed in the fourth quarter of the prior year and higher incentive compensation on better results.
| Three Months Ended | |||||||||||||||||||||||
| ($ in thousands, except per share amounts) | June 27, 2026 | June 28, 2025 | Change | ||||||||||||||||||||
| Interest income | $ | 3,263 | $ | 5,103 | $ | (1,840) | (36.1) | % | |||||||||||||||
| Net income | $ | 42,271 | $ | 51,642 | $ | (9,371) | (18.1) | % | |||||||||||||||
| Diluted net income per share | $ | 5.43 | $ | 6.42 | $ | (0.99) | (15.4) | % | |||||||||||||||
Conference Call Details
Cavco's management will hold a conference call to review these results tomorrow, July 31, 2026, at 1:00 p.m. (Eastern Time). Interested parties can access a live webcast of the conference call on the Internet at https://investor.cavco.com or via telephone. To participate by phone, please register at https://register-conf.media-server.com/register/BI6cf18bafb2774db0a95196ef2f500077 to receive the dial in number and your PIN. An archive of the webcast and presentation will be available for 60 days at https://investor.cavco.com.
About Cavco
Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. We are one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. We are also a leading producer of park model RVs, vacation cabins and factory-built commercial structures. Cavco's finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. These forward-looking statements reflect Cavco's current expectations and projections with respect to our expected future business and financial performance, including, among other things: (i) expected financial performance and operating results, such as revenue and gross margin percentage; (ii) our liquidity and financial resources; (iii) our outlook with respect to the Company and the manufactured housing business in general; (iv) the expected effect of certain risks and uncertainties on our business; and (iv) the strength of Cavco's business model. These statements may be preceded by, followed by, or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "future," "goal," "intend," "likely," "outlook," "plan," "potential," "project," "seek," "target," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. A number of factors could cause actual results or outcomes to differ materially from those indicated by these forward-looking statements. These factors include, among other factors, Cavco's ability to manage: (i) customer demand and the availability of financing for our products; (ii) labor shortages and the pricing, availability, or transportation of raw materials; (iii) the impact of local or national emergencies; (iv) excessive health and safety incidents or warranty and construction claims; (v) increases in cancellations of home sales; (vi) information technology failures or cyber incidents; (vii) our ability to maintain the security of personally identifiable information of our customers, (viii) compliance with the numerous laws and regulations applicable to our business, including state, federal, and foreign laws relating to manufactured housing, privacy, the internet, and accounting matters; (ix) successful defense against litigation, government inquiries, and investigations, and (x) other risks and uncertainties indicated from time to time in documents filed or to be filed with the Securities and Exchange Commission (the "SEC") by Cavco. The forward-looking statements herein represent the judgment of Cavco as of the date of this release and Cavco disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in the Company's other press releases, reports, and other filings with the SEC. Readers are specifically referred to the Risk Factors described in Item 1A of the Company's Annual Report on Form 10-K for the year ended March 28, 2026 as may be updated from time to time in future filings on Form 10-Q and other reports filed by the Company pursuant to the Securities Exchange Act of 1934, which identify important risks that could cause actual results to differ from those contained in the forward-looking statements. Understanding the information contained in these filings is important in order to fully understand Cavco's reported financial results and our business outlook for future periods.
CAVCO INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
| June 27, 2026 | March 28, 2026 | ||||||||||
| ASSETS | (Unaudited) | ||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | $ | 243,195 | $ | 236,721 | |||||||
| Restricted cash, current | 22,437 | 20,306 | |||||||||
| Accounts receivable, net | 115,858 | 108,288 | |||||||||
| Short-term investments | 18,279 | 16,233 | |||||||||
| Current portion of consumer loans receivable, net | 17,367 | 19,207 | |||||||||
| Current portion of commercial loans receivable, net | 45,580 | 54,841 | |||||||||
| Current portion of commercial loans receivable from affiliates, net | 1,634 | 1,836 | |||||||||
| Inventories | 308,978 | 295,671 | |||||||||
| Prepaid expenses and other current assets | 63,867 | 71,630 | |||||||||
| Total current assets | 837,195 | 824,733 | |||||||||
| Restricted cash | 585 | 585 | |||||||||
| Investments | 39,652 | 38,151 | |||||||||
| Consumer loans receivable, net | 18,827 | 18,974 | |||||||||
| Commercial loans receivable, net | 69,903 | 55,801 | |||||||||
| Commercial loans receivable from affiliates, net | 3,532 | 3,519 | |||||||||
| Property, plant and equipment, net | 297,980 | 278,890 | |||||||||
| Goodwill | 209,241 | 208,841 | |||||||||
| Other intangibles, net | 27,462 | 28,067 | |||||||||
| Operating lease right-of-use assets | 37,071 | 33,578 | |||||||||
| Total assets | $ | 1,541,448 | $ | 1,491,139 | |||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||
| Current liabilities | |||||||||||
| Accounts payable | $ | 46,454 | $ | 44,168 | |||||||
| Accrued expenses and other current liabilities | 329,208 | 291,230 | |||||||||
| Total current liabilities | 375,662 | 335,398 | |||||||||
| Operating lease liabilities | 33,744 | 30,747 | |||||||||
| Other liabilities | 6,972 | 7,096 | |||||||||
| Deferred income taxes | 14,674 | 14,716 | |||||||||
| Total liabilities | 431,052 | 387,957 | |||||||||
| Stockholders' equity | |||||||||||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized; No shares issued or outstanding | — | — | |||||||||
Common stock, $0.01 par value; 40,000,000 shares authorized; Issued 9,504,933 and 9,474,288 shares, respectively; Outstanding 7,709,359 and 7,738,700, respectively | 95 | 95 | |||||||||
Treasury stock, at cost; 1,795,574 and 1,735,588 shares, respectively | (616,372) | (585,865) | |||||||||
| Additional paid-in capital | 295,773 | 300,208 | |||||||||
| Retained earnings | 1,430,985 | 1,388,714 | |||||||||
| Accumulated other comprehensive income | (85) | 30 | |||||||||
| Total stockholders' equity | 1,110,396 | 1,103,182 | |||||||||
| Total liabilities and stockholders' equity | $ | 1,541,448 | $ | 1,491,139 | |||||||
CAVCO INDUSTRIES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share amounts)
(Unaudited)
| Three Months Ended | |||||||||||
| June 27, 2026 | June 28, 2025 | ||||||||||
| Net revenue | $ | 609,959 | $ | 556,857 | |||||||
| Cost of sales | 475,369 | 427,351 | |||||||||
| Gross profit | 134,590 | 129,506 | |||||||||
| Selling, general and administrative expenses | 81,835 | 69,148 | |||||||||
| Income from operations | 52,755 | 60,358 | |||||||||
| Interest income | 3,263 | 5,103 | |||||||||
| Interest expense | (132) | (164) | |||||||||
| Other expense, net | (98) | — | |||||||||
| Income before income taxes | 55,788 | 65,297 | |||||||||
| Income tax expense | (13,517) | (13,655) | |||||||||
| Net income | $ | 42,271 | $ | 51,642 | |||||||
| Net income per share | |||||||||||
| Basic | $ | 5.48 | $ | 6.49 | |||||||
| Diluted | $ | 5.43 | $ | 6.42 | |||||||
| Weighted average shares outstanding | |||||||||||
| Basic | 7,707,952 | 7,953,720 | |||||||||
| Diluted | 7,784,424 | 8,041,008 | |||||||||
CAVCO INDUSTRIES, INC.
OTHER OPERATING DATA
(Dollars in thousands)
(Unaudited)
| Three Months Ended | |||||||||||
| June 27, 2026 | June 28, 2025 | ||||||||||
| Capital expenditures | $ | 25,493 | $ | 9,009 | |||||||
| Depreciation | $ | 6,086 | $ | 4,797 | |||||||
| Amortization of other intangibles | $ | 605 | $ | 372 | |||||||
###