Cavco revenue rises 9.5% to $610 million, but quarterly net income falls 18.1%
Cavco Industries reported fiscal first-quarter 2027 results for the quarter ended June 27, 2026. Net revenue rose 9.5% to $610 million, but net income fell 18.1% to $42.3 million and diluted earnings per share fell to $5.43 from $6.42. For shareholders, higher sales came with lower profit in the quarter, as factory-built housing gross margin narrowed to 20.8% from 22.6%.
Key points
- Net revenue was $610 million, up $53 million or 9.5% from $557 million a year earlier.
- Net income was $42.3 million, down 18.1% from $51.6 million; diluted EPS was $5.43 versus $6.42.
- Factory-built housing gross profit as a percentage of net revenue was 20.8%, compared with 22.6% a year earlier.
- Backlog was $298 million at quarter end, up from $195 million a year earlier; about $188 million remains available for repurchases.
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 30, 2026.
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.