Watch the Q3 earnings call for commentary on materials inflation trends and whether selling price increases continue to outpace cost pressures. The growing backlog and data center workforce housing orders provide visibility into near-term production, but margin compression remains a key risk to monitor.
Price Chart
Executive Summary
Cavco Industries reported fiscal Q2 2027 revenue of $656.4M, up 17.9% YoY and above the $613.1M consensus, and diluted EPS of $7.17, up 9.5% YoY and above the $5.42 consensus. The beat was driven by record home sales volume (up 15.3%) and higher average selling prices, though factory-built housing gross margin contracted 180 bps to 21.1% due to materials inflation. Backlogs grew to $348M, up $50M sequentially, and the company repurchased $30M in stock during the quarter.
Key Financial Metrics
Key Facts
- Net revenue of $656.4M, up 17.9% YoY from $556.5M, above consensus of $613.1M
- Diluted EPS of $7.17, up 9.5% YoY from $6.55, above consensus of $5.42
- Home sales volume up 15.3% YoY to 5,972 homes sold
- Factory-built housing gross margin contracted to 21.1% from 22.9% YoY due to materials inflation
- Backlogs totaled $348M at quarter end, up $50M sequentially from $298M
- Stock repurchases of approximately $30M in the quarter; $158M remaining under board authorizations
- One-time $7M benefit from return of insurance premium favorably impacted EPS by $0.70
- Second consecutive quarter of record revenue and unit volume
Financial Impact
Revenue beat consensus by $43.3M (7.1%); EPS beat consensus by $1.75 (32.3%)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Factory-built housing | $633.7M | +18.4% |
| Financial services | $22.6M | +5.8% |
Risk Factors
- Factory-built housing gross margin declined 180 bps YoY to 21.1% due to materials inflation
- Materials inflation expected to remain a challenge going forward per management
- Orders were off the preceding quarter pace, though backlogs continued to grow
- Six-month net income declined 6.1% YoY to $97.7M despite revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-068294 |
| Document: cvco-20261029.htm | 0001628280-26-068294 |
| Document: 0001628280-26-068294-index-headers.html | 0001628280-26-068294 |
| Document: 0001628280-26-068294-index.html | 0001628280-26-068294 |
| Document: 0001628280-26-068294.txt | 0001628280-26-068294 |
| 8-K Data (Synthetic) | 0001628280-26-068294 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | Press Release | $547.25 | awaiting T+60 | awaiting T+60 | $619.00 (+13.11%) |
Oct 22, 2026 10d ago | Press Release | $534.25 | awaiting T+60 | awaiting T+60 | $619.00 (+15.86%) |
Jul 23, 2026 14w ago | Press Release | $569.77 $510.97 | ▼ −10.32% | ▼ −14.05% | $619.00 (+8.64%) |
Jun 16, 2026 19w ago | DEFA14A | $604.47 $523.35 | ▼ −13.42% | ▼ −14.42% | $619.00 (+2.40%) |
Jun 15, 2026 19w ago | Insider Cluster | $604.47 $523.35 | ▼ −13.42% | ▼ −14.42% | $619.00 (+2.40%) |
Jun 1, 2026 21w ago | Insider Cluster | $545.93 $577.37 | ▲ +5.76% | ▲ +4.64% | $619.00 (+13.38%) |
May 27, 2026 22w ago | Insider Cluster | $538.44 $582.55 | ▲ +8.19% | ▲ +6.46% | $619.00 (+14.96%) |
May 22, 2026 23w ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
May 21, 2026 23w ago | Press Release | $509.17 $584.77 | ▲ +14.85% | ▲ +11.66% | $619.00 (+21.57%) |
US Market Status
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