Cavco FY27 Q1 diluted EPS drops 15.4% to $5.43; net revenue rises 9.5% to $610 million - CVCO News | RalliesCavco FY27 Q1 diluted EPS drops 15.4% to $5.43; net revenue rises 9.5% to $610 million
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CVCO• Fiscal Q1 results and margin trends
- Cavco posted fiscal 2027 Q1 net revenue of $610 million, up 9.5%, while diluted EPS fell to $5.43.
- Income before income taxes slid 14.6% to $55.8 million, reflecting lower profitability in factory-built housing.
- Factory-built housing gross margin narrowed 1.8 percentage points to 20.8% as home sales volume rose 4.4% to 5,657.
- Financial services gross margin widened 11.5 percentage points to 52.4% on lower claims losses and unrealized gains on its equity portfolio.
- Backlog climbed to $298 million from a year earlier, while stock repurchases totaled about $30 million with $188 million remaining authorized.
