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Dec 28, 2024
Cavco Q3 2025 Earnings Report
Cavco's pre-tax profit improved significantly due to increased home shipments and a strong recovery in Financial services, resulting in outstanding EPS performance further boosted by positive tax items and buybacks.
Key Takeaways
Cavco Industries reported a strong third quarter with net revenue up 16.8% to $522 million, driven by a 21.6% increase in home sales volume. The company's pre-tax profit improved significantly, and EPS rose by 62% to $6.90. Financial services saw a strong recovery, and factory-built housing production ramped up.
Net revenue increased by 16.8% to $522 million, primarily due to home sales volume growth.
Home sales volume increased by 21.6%, with capacity utilization reaching approximately 75%.
Net income per diluted share attributable to Cavco common stockholders was $6.90, up 62% compared to the prior year quarter.
Backlogs totaled $224 million at the end of the quarter, representing 6-8 weeks of production.
Cavco
Cavco
Cavco Revenue by Segment
Revenue by Segment
Factory-Built Housing Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income