Cavco Industries, Inc. (CVCO)
NASDAQ:CVCO
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
5.69Last Year’s EPS
6.42Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented several strong fundamental positives: record annual shipments (20.8k), double-digit YoY revenue and EPS growth, improving consolidated gross margin, meaningful financial services momentum (including a forward-flow investor agreement), tangible synergies from the American HomeStar acquisition (> $10M annual run-rate), disciplined capital deployment (>$360M deployed, $160M buybacks), and a strategic new plant to expand Southwest capacity. Offsetting these positives were near-term operational headwinds: sequential revenue and operating income declines, factory-built margin compression due to higher input costs and mix shifts, weather-related production losses, tariff/commodity cost risk, and a higher effective tax rate going forward. Overall, the balance of material performance metrics, strategic actions, cash generation, and realized synergies outweigh the near-term challenges and risks discussed on the call.Company Guidance
Record Annual Shipments
Achieved an all-time high of 20.8 thousand homes shipped for fiscal year 2026, reflecting improved peak-to-peak delivery capacity driven by plant modernizations and the American HomeStar acquisition.
Revenue and EPS Growth Year-over-Year
Q4 net revenue of $550.1M, up 8.2% versus prior-year quarter ($508.4M). Net income of $42.5M versus $36.3M last year and diluted EPS of $5.42 versus $4.47 (≈+21.3%).
Strong Profitability Trends
Pretax profit rose 27.1% year-over-year to $54.6M. Consolidated gross margin improved to 23.1% from 22.8% year-over-year, supported by very strong financial services margins (69.4% vs 36.8% prior year).
Financial Services Momentum and Capital Efficiency
Financial services net revenue increased to $22.1M (+7.7% YoY). Executed a forward-flow investor agreement enabling loan originations to ramp and loans to be sold off-balance (minimum ~ $25M originated loans per quarter commitment), increasing origination capacity while preserving capital efficiency.
Acquisition Synergies Realizing Value
American HomeStar integration progressing; internal estimate of tangible cost synergies remains in excess of $10M annually with Q4 already near that pace and additional SG&A and purchasing savings expected.
Active Capital Allocation and Strong Cash Generation
Generated operating cash flow of $67.4M in the quarter. Deployed over $360M in the fiscal year (including $173M for American HomeStar and $35M on plant expansion/modernization). Completed $160M in share repurchases during the year and repurchased $30M in the quarter. Quarter-end cash and restricted cash reported at $257.6M (Paul W. Bigbee) and management noted an unrestricted cash balance of ~$237M for the year.
New High-Capacity Plant to Expand Southwest Presence
Broke ground on a new state-of-the-art El Mirage (Phoenix area) plant; initial one production line with infrastructure for a second. Management expects the plant to be operational mid-calendar 2027 and to expand selling area/optionality in the Southwest.
Operational and Safety Improvements
Capacity utilization was ~70% in the quarter with production generally balanced to orders; recordable injury rate improved 65% over five years and remained below industry benchmark for four years, reflecting sustained operating-excellence initiatives.
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 |
|---|---|---|---|
May 21, 2026 | $491.49 | $509.17 | +3.60% |
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% |
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 30, 2026, After Close (Confirmed).
What is Cavco Industries, Inc. (CVCO) earnings time?
Cavco Industries, Inc. (CVCO) earnings time is at Jul 30, 2026, After Close (Confirmed).
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What companies are reporting earnings today?
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What is CVCO EPS forecast?
CVCO EPS forecast for the fiscal quarter 2027 (Q1) is 5.69.