Cavco reports record Q1 sales volume, 9.5% revenue growth, but EPS falls 15.4% on margin pressure

Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read

Key Changes

• high

  Diluted EPS declined 15.4% to $5.43 from $6.42 despite 9.5% revenue growth to $610M, driven by 180bp gross margin compression (20.8% vs. 22.6% prior year) from higher input costs.

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• high

  Backlog surged over 50% to $298M (7-9 weeks of production) from $195M prior year, reflecting strong order momentum and record shipments during the quarter.

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• medium

  Home sales volume rose 4.4% with capacity utilization steady at ~75%; revenue growth also benefited from higher revenue per home sold and the American Homestar acquisition.

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