Cavco Industries fiscal Q4 profit rises 17%; board approves $150 million buyback
Cavco Industries reported higher fourth-quarter and full-year fiscal 2026 revenue and diluted earnings per share compared with the prior year. On May 18, 2026, the board approved a new $150 million stock repurchase program, which the company expects to fund from existing cash. The company is not obligated to buy any particular amount of stock, and the program can be suspended or discontinued at any time.
- Fourth-quarter net revenue was $550 million, up 8.2% from $508 million; diluted EPS was $5.42 versus $4.47.
- Fiscal 2026 net revenue was $2.245 billion, up 11.4%; diluted EPS was $23.98 versus $20.71.
- Factory-built housing gross margin for the year was 22.1%, down from 22.9%.
- Backlog at March 28, 2026 was $195 million, down from $197 million a year earlier.