Cavco Q2 revenue rises 12.3% to $507 million; EPS $5.28; new $100 million buyback
Cavco reported fiscal second-quarter results for the period ended September 28, 2024, with net revenue up 12.3% to $507 million and diluted earnings per share up 10.9% to $5.28, driven mainly by higher home sales volume. The Board also approved a new $100 million stock repurchase program on October 29, 2024, which the company expects to fund from existing cash.
Key points
- Net revenue was $507 million, up $55 million or 12.3% from $452 million a year earlier; homes sold rose 15.7% to 4,913.
- Diluted EPS was $5.28 versus $4.76; six-month diluted EPS was $9.38 versus $10.05, down 6.7%.
- Financial services gross profit margin fell to 21.8% from 35.9%, hurt by Hurricane Beryl and other weather-related insurance claims.
- The $100 million repurchase program has no obligation to buy any set amount and may be suspended or discontinued at any time.
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 October 31, 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.