Cavco Industries Reports Record Q2 2027 Revenue Driven by Increased Home Sales and Acquisitions
Cavco Industries (CVCO) reported record quarterly revenue of $656.4 million for the second quarter of 2027, representing a 17.9% year-over-year increase. This growth was fueled by higher home sales volumes—up 15.3% to 5,972 units—and the successful integration of American Homestar. The company also noted emerging demand for single-section workforce housing intended for data center projects. Despite revenue and EPS growth, consolidated gross margins declined to 22.5% from 24.2% due to rising material input costs, particularly in steel. However, the company managed to mitigate these pressures through pricing adjustments. Financial results were further bolstered by a one-time $0.70 per share insurance premium return. With a growing backlog of $348 million and strong liquidity, Cavco remains positioned for strategic growth despite market volatility.
Tickers: $CVCO
Topics: Diluted EPS Factory-Built Housing Financial Services Net Revenue Growth Stock Repurchases
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