The strong beat and raised backlog suggest continued demand momentum into the seasonally slower winter months. Monitor the Q3 earnings call for order trends and gross margin trajectory, as input cost inflation remains a headwind.
Price Chart
Executive Summary
Cavco reported Q2 FY2027 EPS of $7.17, a 9.5% YoY increase, beating the $5.42 consensus by 32.3%. Revenue of $656.4M grew 17.9% YoY and exceeded the $613.1M consensus, driven by record home sales volume and higher average selling prices. The company also repurchased $30M in stock and noted growing backlogs, though factory-built housing gross margins contracted 180bps YoY due to input cost inflation.
Key Financial Metrics
Key Facts
- Diluted EPS of $7.17 vs consensus $5.42, a 32.3% beat
- Revenue of $656.4M vs consensus $613.1M, a 7.1% beat
- Revenue grew 17.9% YoY, driven by 15.3% increase in home sales volume and 2.7% higher average selling price
- Factory-built housing gross margin contracted to 21.1% from 22.9% YoY due to input cost inflation
- Backlogs grew to $348M from $298M sequentially, representing 8-10 weeks of production
- Stock repurchases of $30M in the quarter; $158M remaining under authorization
- One-time $7M insurance premium benefit boosted EPS by $0.70
- Record revenue and unit volume for the second consecutive quarter
Financial Impact
EPS beat consensus by $1.75 (32.3%), revenue beat by $43.3M (7.1%)
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 180bps YoY due to materials inflation
- Orders were off the preceding quarter pace, per management commentary
- One-time $7M insurance benefit inflated EPS; excluding it, EPS would have been approximately $6.47, still above consensus
- Interest income declined 28.8% YoY
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391847 |
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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