Cavco Q1 net income rises 50% to $51.6 million; diluted EPS $6.42
Cavco reported fiscal first quarter results for the period ended June 28, 2025, with net revenue of $557 million, up 16.6%, mainly on higher home sales volume. Net income rose 50% to $51.6 million, and diluted earnings per share were $6.42 compared with $4.11 a year earlier, which shows improvement in both headline profit measures for shareholders.
Key points
- Net revenue was $557 million, up 16.6% from $478 million, with factory-built homes sold up 14.7%.
- Diluted net income per share was $6.42, up from $4.11; net income was $51.6 million, up from $34.4 million.
- Factory-built housing gross margin was 22.6%, unchanged; financial services gross margin was 40.9%, compared with (0.6)% a year earlier.
- Stock repurchases were about $50 million in the quarter, and $178 million remains available under Board authorizations.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing 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 July 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.