CAVCO INDUSTRIES, INC. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 58/100
What the filing says
Net revenue increased $99.9M (17.9%) to $656.4M in Q2 FY2027 vs. $556.5M in Q2 FY2026, driven by 15.3% home sales volume growth and 2.7% higher revenue per home sold ($106,118 vs. $103,344). Factory-built housing gross margin contracted 180 bps to 21.1%, offset partially by financial services margin expansion to 60.2%. Diluted EPS rose 9.5% to $7.17 (including $0.70 benefit from $7M insurance premium return). Backlogs grew $50M to $348M. Stock repurchases totaled $30M; $158M remains authorized.
Why this rating
Revenue growth solid but margin compression in core business concerns. At $3B market cap, ~$100M revenue beat is meaningful but offset by declining housing margins and flat 6-month operating income.
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