What is the revenue and EPS growth rate for Cavco Industries year over year?

What were the key takeaways from Cavco Industries’s earnings call?

Did Cavco Industries beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Cavco Industries next quarter?

What is Cavco Industries's gross profit margin?

What does Cavco Industries do and what are its main business segments?

What factors drove the changes in Cavco Industries's revenue and profit?

What were the key takeaways from Cavco Industries's earnings call?

- **Revenue Growth**: 9.7% YoY to $556.5M, driven by factory-built housing (+10% units, +4.4% ASP). 
- **Regional Strategy**: Maintained pricing in Southeast (-4% shipments) while accelerating Northern US production. 
- **Acquisition Impact**: Homestar adds 2 plants, 20 stores, 60% sales through company-owned channels. 
- **Tariff Risk**: $2-5.5M/Q potential COGS impact from Canadian lumber tariffs. 
- **Profitability**: Gross margin 24.2%, financial services margin 55.6% (vs 21.8% prior year). 
- **Share Buybacks**: $36M executed, $142M remaining under program. 
- **Automation Investment**: $10M/Q for plant efficiency, safety upgrades. 
- **Regulatory Progress**: HUD code updates, chassis removal bill momentum. 


**【CEO Summary Section】**
- Q2 revenue grew 9.7% YoY to $556.5 million, driven by factory-built housing and financial services segments. 
- Adjusted production rates in the Southeast due to slower shipments (-4% YoY) while maintaining pricing discipline. 
- Completed American Homestar acquisition post-quarter, integrating 2 plants and 20 retail stores. 
- Capital allocation: $36M share buybacks, $142M remaining under repurchase program. 

**【CFO Financial Commentary】**
- Net income $52.4M (+20% YoY), EPS $6.55 vs $5.28 prior year. 
- Gross margin 24.2% (up 130bps YoY), financial services margin 55.6% (vs 21.8% prior year). 
- Tariffs added $2M Q2 COGS, potential $2-5.5M/Q impact moving forward. 
- Operating expenses $72.2M (13% of revenue), up 7.7% YoY due to acquisition costs. 

**【Q&A Highlights】**
- **Market Trends**: Northern US shipments +10% YoY, Southeast down 4% YoY. 
- **Tariffs**: Lumber tariffs ($194M revenue, $18M EBITDA) integrated smoothly. 
- **Regulatory**: HUD code updates, chassis removal bill progress. 
- **Margins**: 60% Homestar sales through company-owned stores, ASP stable despite Southeast slowdown. 
- **Capital Allocation**: $10M Q2 CapEx for plant automation, safety improvements. 

**【Financial Services】**
- $21.4M revenue (+1.4% YoY), profit $14M (vs $8M prior year). 
- Claims management improvements offset weather-related claims decline. 


Cavco Industries, Inc. (CVCO) Q2 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CVCO

CVCO fundamentals

You can ask Aime