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Cavco Industries, Inc. (CVCO)
NASDAQ:CVCO
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
5.26Last Year’s EPS
5.4Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: revenue growth and integration progress from the American Homestar acquisition, meaningful synergy prospects (> $10M annualized) and strong financial services margin expansion were offset by declines in EPS and net income, gross margin compression in factory-built housing, higher SG&A and a higher tax rate driven by acquisition-related and phasing tax-credit effects. Management emphasizes backlog stability, operational readiness for spring demand and ongoing share repurchases, but near-term margin and volume headwinds (including tariffs and industry shipment softness in Oct–Nov) temper the outlook.Company Guidance
Revenue Growth Driven by Acquisition
Consolidated net revenue of $581.0M, up $59.0M or 11.3% year-over-year; Factory-Built Housing revenue $558.5M, up $57.6M or 11.5% YoY. American Homestar contributed ~$42M sequentially to revenue.
Synergy Outlook from American Homestar Integration
Management now expects tangible, measurable annualized synergies above $10M, with roughly half (~$5M annualized) already in the run rate entering Q4; integration execution described as on-plan across HR, payroll, finance, IT and operations.
Share Repurchases and Capital Position
Continued buybacks of ~$44M during the quarter; ~$98M remaining under repurchase authorization. Unrestricted cash cited at $225M (Paul reported cash and restricted cash of $242.5M after a $157.5M decrease during the quarter).
Financial Services Margin Improvement
Financial Services gross margin increased to 65.2% from 55.5% year-over-year (+9.7 percentage points), primarily due to lower weather-related claims, rate increases and underwriting changes; Financial Services revenue up 6.2% YoY to $22.5M.
Average Selling Price and Product Mix
Average selling price (ASP) rose to about $107,000 in the quarter (sequential increase ~ $1,000), driven by higher proportion of company-owned store sales, more multi-section homes in mix, and product pricing increases.
Backlog Stability and Operational Positioning
Used about one week of backlog in the quarter and finished with 4–6 weeks of backlog; management reports backlogs stable and plants positioned to increase production if spring demand materializes.
Operational and Go-to-Market Progress
Company-wide rebranding and digital marketing improvements progressing (19 manufacturing brands consolidated under Cavco, new product line framework), intended to improve lead generation and retailer partnerships.
Cash Generation and Deal Funding
Cash provided by operating activities of $66.1M; cash used in investing activities $179.7M (primarily the American Homestar acquisition); acquisition closed and integration underway.
CVCO Earnings History
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 |
|---|---|---|---|
Jan 29, 2026 | $617.50 | $492.02 | -20.32% |
Oct 30, 2025 | $504.00 | $529.80 | +5.12% |
Jul 31, 2025 | $403.67 | $422.81 | +4.74% |
May 22, 2025 | $499.23 | $472.79 | -5.30% |
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 May 21, 2026, After Close (Confirmed).
What is Cavco Industries, Inc. (CVCO) earnings time?
Cavco Industries, Inc. (CVCO) earnings time is at May 21, 2026, 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 (Q4) is 5.26.