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Sep 28, 2024
Cavco Q2 2025 Earnings Report
Cavco's Q2 2025 performance was marked by revenue growth and increased production, although financial services were impacted by weather-related claims.
Key Takeaways
Cavco Industries reported strong second quarter results with a 12.3% increase in net revenue, driven by home sales volume growth. The company faced challenges in its financial services segment due to weather-related claims, but overall profitability remained solid. They also announced a new $100 million stock repurchase program.
Net revenue increased by 12.3% to $507 million, driven by growth in home sales volume.
Home sales volume rose by 15.7%, with capacity utilization increasing to approximately 70%.
Backlogs grew to $276 million, a 19% increase from the previous quarter, fueled by a 20% rise in module backlogs.
Diluted net income per share attributable to Cavco common stockholders was $5.28, compared to $4.76 in the prior year quarter.
Revenue by Segment
Forward Guidance
Cavco did not provide specific forward guidance in this report. The report highlights the impact of recent hurricanes on operations and expresses support for affected employees and communities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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