Cavco Industries reported record quarterly net revenue of $610 million for its fiscal first quarter of 2027, up 9.5% from $556.9 million a year earlier. Factory-built housing revenue rose 9.4% to $586 million, while financial services revenue climbed 13.3% to $24 million. The company shipped a quarterly record 5,657 units, and its backlog grew more than 50% from both the prior quarter and the same period last year. Consolidated gross margin narrowed to 22.1% from 23.3%, partly due to a roughly $5 million impact from tariffs and inflationary costs, and diluted earnings per share fell to $5.43 from $6.42. Cavco repurchased $30 million of common shares during the quarter and ended with $243 million in unrestricted cash.
Cavco Industries IncRecord revenue and backlog surge over 50% indicate strong demand for factory-built housing.