Cavco Industries — Fiscal 2027 Second Quarter Earnings Summary

Cavco Industries reported fiscal 2027 second-quarter net revenue of $656.4 million, a 17.9% increase from the prior year, driven by a 15.3% rise in home sales volume and higher average selling prices. The company achieved net income of $55.4 million, or $7.17 per diluted share, up 9% year-over-year, while maintaining a backlog of $348 million representing 8-10 weeks of production. Factory-built housing gross margin decreased to 21.1% of net revenue due to input cost pressures, whereas financial services gross margin improved to 60.2%. Additionally, the company repurchased approximately $30 million of its stock during the quarter and began seeing shipments from data center workforce housing orders.