The earnings call presented a mix of strong financial performance and strategic initiatives such as increased shipments, revenue growth, and a successful share buyback program. However, these were offset by challenges like production disruptions due to weather, a decline in gross margin and financial services revenue, and increased SG&A expenses. Market challenges, particularly in Florida, also posed concerns.

Company Guidance -

Q4 2025

During the Cavco Industries Fourth Quarter 2025 Earnings Call, management provided guidance on several key metrics. Net revenue for the fourth fiscal quarter was $508.4 million, representing a 21% increase from the previous year, despite a sequential decrease of $13.7 million due to a decline in average revenue per home sold. Factory-built housing net revenue was $487.9 million, up 22.4% year-over-year, driven by a 28.5% increase in homes sold. Factory utilization improved significantly, reaching 70% to 75% compared to 60% in the prior year. The financial services segment faced a revenue decline of 5.2% to $20.5 million, attributed to fewer loan sales and insurance policies. Gross margin fell by 80 basis points to 22.8%, while selling, general, and administrative expenses rose due to a $10 million write-off related to brand realignment. Despite these challenges, net income increased to $36.3 million, and adjusted net income was $43.9 million, translating to an adjusted diluted EPS of $5.40. The company also repurchased $33.2 million of stock in the quarter, maintaining strong cash generation with $375.3 million in cash and restricted cash. Cavco is prepared for potential impacts from tariffs and remains confident in its strategic investments and market positioning.

Significant Increase in Unit Shipments

Unit shipments were up almost 29% year-over-year, indicating strong demand and production capacity improvements.

Strong Financial Performance

Net revenue for the fourth fiscal quarter of 2025 was $508.4 million, up $88.2 million or 21% from the prior year, driven by a 28.5% increase in homes sold.

Successful Share Buyback Program

Cavco repurchased about $33 million of stock this quarter, and since fiscal 2021, they have bought back 15.5% of outstanding shares.

Improved Branding Strategy

Rebranding of manufacturing plants to unify under the Cavco name, enhancing digital marketing efforts and customer experience.

Effective Tax Rate Reduction

The effective income tax rate was reduced to 15.4% from 21% in the prior year, partly due to higher Energy Star tax credits.

Cavco Industries (CVCO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CVCO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2025	2026 (Q1)	5.55 / -	4.11	―	―	―
May 22, 2025	2025 (Q4)	4.87 / 5.40	4.03	34.00% (+1.37)	―
Jan 30, 2025	2025 (Q3)	4.89 / 6.90	4.27	61.59% (+2.63)	―
Oct 31, 2024	2025 (Q2)	4.76 / 5.28	4.76	10.92% (+0.52)	―
Aug 01, 2024	2025 (Q1)	4.70 / 4.11	5.29	-22.31% (-1.18)	―
May 23, 2024	2024 (Q4)	4.51 / 4.03	5.39	-25.23% (-1.36)	―
Feb 01, 2024	2024 (Q3)	4.27 / 4.27	6.66	-35.89% (-2.39)	―
Nov 02, 2023	2024 (Q2)	5.27 / 4.76	8.25	-42.30% (-3.49)	―
Aug 03, 2023	2024 (Q1)	5.82 / 5.29	6.63	-20.21% (-1.34)	―
May 18, 2023	2023 (Q4)	5.10 / 5.39	5.8	-7.07% (-0.41)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CVCO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 22, 2025	$499.23	$472.79	-5.30%
Jan 30, 2025	$476.82	$508.64	+6.67%
Oct 31, 2024	$409.80	$446.72	+9.01%
Aug 01, 2024	$401.37	$382.97	-4.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cavco Industries, Inc. (CVCO) report earnings?

Cavco Industries, Inc. (CVCO) is schdueled to report earning on Jul 31, 2025, After Close (Confirmed).

What is Cavco Industries, Inc. (CVCO) earnings time?

Cavco Industries, Inc. (CVCO) earnings time is at Jul 31, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CVCO EPS forecast?

CVCO EPS forecast for the fiscal quarter 2026 (Q1) is 5.55.

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