Cavco Industries revenue rises 0.4% to $478 million; diluted EPS falls to $4.11
Cavco Industries reported fiscal first quarter 2025 results for the period ended June 29, 2024. Net revenue edged up 0.4% to $478 million, but net income attributable to common stockholders fell 25.7% to $34 million, and diluted EPS dropped to $4.11 from $5.29, as high insurance claims in the financial services segment and lower factory-built housing gross margin weighed on profit.
Key points
- Net revenue was $477.6 million, up $1.7 million or 0.4% from $475.9 million a year earlier, driven by higher home sales volume.
- Diluted net income per share was $4.11 compared with $5.29 in the prior year quarter, down 22.3%.
- Financial services posted a pretax net loss of $5.2 million, which the company said reduced diluted EPS by about $0.49, due to weather-related insurance claims in Texas and wildfires in New Mexico.
- Backlog reached $232 million at quarter end, up 21.4% from $191 million three months earlier, and stock repurchases were about $29 million in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.