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Mar 29, 2025
Cavco Q4 2025 Earnings Report
Cavco reported higher Q4 revenue and income, driven by increased factory-built housing sales despite weather challenges and rebranding costs.
Key Takeaways
Cavco delivered a solid Q4 with revenue growth of 21% and a boost in both GAAP and adjusted earnings, supported by a surge in home shipments and a strong March finish.
Revenue by Segment
Forward Guidance
Cavco is optimistic about growth opportunities following its brand consolidation and improved national positioning, though external headwinds remain.
Positive Outlook
- Brand unification expected to improve marketing efficiency.
- Solid March momentum indicating stronger demand.
- High backlog of $197M provides revenue visibility.
- Maintained production levels despite weather impacts.
- Additional $150M share repurchase approved by board.
Challenges Ahead
- Q4 impacted by severe weather across southern states.
- Decreased revenue in financial services due to lower loan sales.
- Selling expenses increased from one-time rebranding charges.
- Lower average selling prices affected revenue per home.
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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