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.