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Jun 29, 2024
Cavco Q1 2025 Earnings Report
Cavco's first quarter of fiscal year 2025 experienced improved factory-built housing results but was impacted by high insurance claims.
Key Takeaways
Cavco Industries reported a slight increase in net revenue, driven by home sales volume growth, but was negatively impacted by unusually high insurance claims from weather events and wildfires, leading to a decrease in net income per diluted share.
Net revenue increased by 0.4% to $478 million compared to the prior year.
Home sales volume increased by 20% sequentially, with capacity utilization rising to approximately 65%.
Backlogs grew by $41 million to $232 million, a 21.4% increase from three months ago.
Net income per diluted share decreased to $4.11 compared to $5.29 in the prior year quarter due to high insurance claims.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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