8/109 sources · 4 publishersUpdated Oct 31, 01:24 UTC
Cavco Industries posts record Q2 revenue, earnings beat and 13% stock jump
Cavco Industries reported fiscal Q2 2027 revenue of $656.4 million, up 17.9% year‑over‑year, and net income of $55.4 million, yielding diluted EPS of $7.17. The company sold 5,972 homes, a 15.3% increase, and its order backlog grew to $348 million. After the results, the stock rose about 13% to $618.26, and the company repurchased roughly $30 million of shares.
Why it matters
The strong revenue and backlog suggest continued demand for factory‑built homes, supporting future production despite a seasonal slowdown. However, gross margin fell to 22.5%, indicating pressure from higher material costs, which may affect profitability.
Key facts
- 1Revenue was $656.4 million, up 17.9% YoY. tradingview.com
- 2Net income was $55.4 million. ibtimes.com.au
- 3Diluted EPS was $7.17. finance.yahoo.com
- 4Homes sold were 5,972, up 15.3%. ibtimes.com.au
- 5Order backlog increased to $348 million. ibtimes.com.au
- 6The company repurchased about $30 million of its shares. ibtimes.com.au
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.