Cavco Reports 18% Revenue Growth Driven by Data Center Workforce Housing Demand
Cavco Industries (CVCO) reported strong second fiscal quarter 2027 results, with net revenue increasing 18% year-over-year to $656 million. The company is benefiting from a surge in demand for factory-built housing, specifically targeting the remote workforce required for new data center developments. This emerging segment has expanded the company's order backlog without negatively impacting gross margins. Despite facing headwinds from rising raw material inflation, management successfully maintained profitability through disciplined wholesale price increases. Cavco also demonstrated strong capital allocation by repurchasing $30 million in common stock during the quarter. With factory capacity utilization at approximately 75% and a healthy 8-to-10 week backlog, the company remains well-positioned to capitalize on the ongoing affordable housing supply deficit.
Tickers: $CVCO
Topics: earnings report factory-built housing order backlog revenue growth stock buybacks