NASDAQ$CVCO
Cavco Industries Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported record quarterly revenue and strong gross margins, driven by healthy home demand and strategic capital allocation.
Cavco Industries reported record first quarter fiscal 2022 results, with net revenue of $330.42 million and net income of $27.05 million. The company experienced strong home order rates and executed strategic acquisitions and stock repurchases.
- Net revenue and net income reached record quarterly highs at $330 million and $27 million, respectively.
- Gross profit margin improved to 22.4%, with factory-built housing gross profit at 21.2%.
- Earnings per diluted share increased to $2.92, compared to $1.80 in the same quarter last year.
- Home order rates increased nearly 50% year-over-year, driving backlogs up by $189 million during the quarter.
Headline financials
Revenue & EPS history
Cavco · Revenue · Quarterly
$330M
Revenue by segment
Cavco · $550M total across 2 segments · Q4 2026
- Factory-Built Housing$528M—96.0%
- Financial Services$22.1M—4.0%
Forward guidance
The company is focused on innovation and increasing home production while navigating labor and building supply challenges. Capital allocation priorities include investing in facilities, strategic acquisitions, and returning money to shareholders.
Tailwinds
- Strong balance sheet allows flexibility for growth opportunities.
- Focus on innovation to meet market demands.
- Commitment to returning capital to shareholders.
- Strategic acquisitions planned for expansion.
- Healthy demand for homes with strong order rates.
Headwinds
- Continuing labor challenges impacting production.
- Building supply disruptions causing inefficiencies.
- Unpredictable factory employee absenteeism.
- SEC inquiry may have potential financial impact.
- Risk of potential litigation or regulatory action.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.1%
Avg return
Earnings day
+3.9%
Avg return
5 days after
+5.3%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+18.0%
Q3 2018
Best reaction
-23.5%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +3.4% | +11.1% | +22.3% | |
| Q3 2026 | -20.3% | -18.1% | -6.5% | |
| Q2 2026 | +6.4% | +11.1% | +18.2% | |
| Q1 2026 | +4.9% | +11.7% | +31.4% | |
| Q4 2025 | -5.4% | -12.9% | -20.4% | |
| Q3 2025 | +6.7% | +12.0% | +10.0% | |
| Q2 2025 | +7.9% | +10.6% | +24.3% | |
| Q1 2025 | -7.6% | -12.3% | -0.3% | |
| Q4 2024 | -1.7% | -1.3% | +1.1% | |
| Q3 2024 | +3.4% | +6.3% | +14.2% | |
| Q2 2024 | +9.0% | +5.5% | +17.4% | |
| Q1 2024 | +1.3% | +3.9% | -0.6% | |
| Q4 2023 | -6.1% | -4.3% | -6.6% | |
| Q3 2023 | -0.5% | +5.6% | +6.6% | |
| Q2 2023 | -1.1% | +3.8% | +17.8% | |
| Q1 2023 | +9.2% | +9.9% | -11.1% | |
| Q4 2022 | +4.4% | +5.9% | -5.3% | |
| Q3 2022 | +6.0% | +7.2% | -1.4% | |
| Q2 2022 | +3.2% | +13.8% | +19.3% | |
| Q1 2022 | +4.0% | +5.6% | +5.8% | |
| Q4 2021 | +4.0% | +5.0% | +4.3% | |
| Q3 2021 | +3.6% | +12.1% | +15.9% | |
| Q2 2021 | -1.5% | +10.5% | +7.3% | |
| Q1 2021 | +4.0% | +7.2% | +0.7% | |
| Q4 2020 | +9.8% | +1.9% | -1.6% | |
| Q3 2020 | +2.8% | +3.1% | -7.5% | |
| Q2 2020 | -4.8% | -3.9% | -2.1% | |
| Q1 2020 | +8.0% | +8.1% | +11.2% | |
| Q4 2019 | +17.5% | +13.5% | +19.1% | |
| Q3 2019 | -17.1% | -13.9% | -22.0% | |
| Q2 2019 | -23.5% | -22.2% | -30.4% | |
| Q1 2019 | +5.0% | +6.8% | +16.0% | |
| Q4 2018 | +10.2% | +19.4% | +12.5% | |
| Q3 2018 | +18.0% | +10.9% | +20.1% | |
| Q2 2018 | -3.8% | -5.0% | -5.1% | |
| Q1 2018 | +2.5% | -7.1% | -1.5% | |
| Q4 2017 | +11.2% | +11.5% | +11.8% | |
| Q3 2017 | +10.6% | +14.3% | +20.0% | |
| Q2 2017 | +3.6% | +4.7% | +12.2% | |
| Q1 2017 | -0.8% | +2.6% | +6.4% | |
| Q4 2016 | +5.6% | +4.7% | -6.2% | |
| Q3 2016 | +5.9% | — | — | |
| Q2 2016 | +17.9% | — | — | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +1.7% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | -2.6% | — | — | |
| Q4 2014 | +6.6% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | -5.5% | — | — | |
| Q1 2014 | +5.3% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | -3.4% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2012 | -3.5% | — | — | |
| Q4 2011 | -12.1% | — | — | |
| Q2 2011 | -12.1% | — | — | |
| Q1 2012 | -12.1% | — | — | |
| Q1 2011 | -12.1% | — | — |
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