Cavco Q1 EPS $6.42, revenue $557M (+16.6% YoY); announces American Homestar acquisition

CAVCO INDUSTRIES, INC.

2026-Q1 EPS reported $6.42 revenue$556,857,000

Net income $51.6M, up 50% YoY; diluted EPS $6.42 vs $4.11 prior year (+56%).
Net revenue $557M (+16.6% YoY); home sales volume +14.7%; capacity utilization ~75% vs ~65%.
Financial services gross profit 40.9% of revenue, up from (0.6)% on lower claims losses.
Stock repurchases $50M in quarter; $178M remaining under board authorization.
Backlog $200M (5-7 weeks production); entered agreement to acquire American Homestar.

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