CAVCO INDUSTRIES (CVCO) Company Report

CVCO reported strong Q2 2026 financial results, with net revenue of $556.5 million, up 9.7% year-over-year, and diluted earnings per share of $6.55. Consolidated gross profit as a percentage of revenue increased to 24.2%.
The company's operating profit increased by 27% year-over-year, driven by focused execution across operations. Factory utilization rose to 75% from 70% in the prior year period.
While year-to-date national shipments were up over 3% through August, the Southeast region experienced a 10% decline in shipments in July and August, prompting production adjustments. The average selling price increased sequentially due to a higher proportion of retail sales and a mix shift towards multi-section homes.
CVCO completed the American HomeStar acquisition after the quarter, expanding its operational footprint from 31 to 33 plants and approximately 80 to 100 stores. The company also repurchased $36 million of common shares during the quarter, with $142 million remaining under authorization.
The financial services segment demonstrated a significant turnaround, moving from a loss last year to an $8 million profit this year, an increase of $14 million, primarily due to aggressive actions in the insurance business.

Oct 31, 2025, 5:00 PM

Cavco Industries Reports Fiscal Q2 2026 Results, Completes Acquisition, and Appoints New Director

CVCO

Earnings

M&A

Board Change

Cavco Industries reported strong fiscal Q2 2026 results with net revenue of $556.5 million, an increase of 9.7% compared to the prior year's second quarter.
Diluted net income per share attributable to common stockholders was $6.55, marking a 24% increase from the prior year quarter.
The company successfully closed the acquisition of American Homestar Corporation and welcomed Lisa Daniels to its Board of Directors.
Cavco repurchased approximately $36 million in stock during the quarter.

Oct 30, 2025, 10:52 PM

Cavco Industries Completes Acquisition of American Homestar

CVCO

M&A

New Projects/Investments

Cavco Industries, Inc. completed the acquisition of American Homestar Corporation, also known as Oak Creek Homes, effective September 29, 2025.
The acquisition involved a purchase price of $190 million, which was funded using cash on hand.
American Homestar's operations include two manufacturing facilities, nineteen retail locations, manufactured home loans, and acting as an agent for third-party insurers.

Sep 30, 2025, 1:25 PM

Cavco Industries Completes Acquisition of American Homestar

CVCO

M&A

New Projects/Investments

Cavco Industries, Inc. completed the acquisition of American Homestar Corporation and its subsidiaries, effective September 29, 2025.
The purchase price for American Homestar totaled $190 million, which was funded with cash on hand.
American Homestar, known as Oak Creek Homes, is a vertically integrated factory-built housing company operating two manufacturing facilities and nineteen retail locations, and also provides manufactured home loans and acts as an agent for third-party insurers.
At the effective time of the merger, each share of American Homestar's Class A common stock was converted into the right to receive $20.62 per share in cash.

Sep 30, 2025, 12:27 AM

Earnings Transcripts

Quarterly earnings call transcripts for CAVCO INDUSTRIES.

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