NASDAQ$CVCO
Cavco Industries Inc · Q3 2026 earnings
Q3 2026 earnings · · After market close · Investor relations
Briefing
Cavco Industries Reports Fiscal 2026 Third Quarter Results, Including American Homestar Acquisition
Cavco Industries reported a solid third fiscal quarter for 2026, with net revenue increasing by 11.3% to $581.0 million, primarily driven by growth in home sales volume and average selling price per home. Despite the revenue growth, net income and diluted EPS saw a decline, impacted by deal costs related to the American Homestar acquisition and a decrease in factory-built housing gross profit margin.
- Net revenue increased by 11.3% to $581.0 million, compared to $522.0 million in the prior year's third quarter.
- Diluted net income per share was $5.58, a decrease of 19.1% from $6.90 in the prior year quarter.
- The acquisition of American Homestar Corporation contributed $42 million to Net revenue and 343 homes sold.
- Factory-built housing Gross profit as a percentage of Net revenue decreased to 21.7% from 23.6% in the prior year.
Headline financials
Revenue & EPS history
Cavco · Revenue · Quarterly
$581M
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
Cavco Industries anticipates an optimistic market tone moving into the Spring selling season, with a focus on assessing the ability to increase production. The company expects to see positive impacts from the American Homestar acquisition as integration concludes.
Tailwinds
- Market tone remains optimistic, especially for the Spring selling season.
- Affordable housing continues to be a rising topic in national policy discussions.
- The positive impact of the American Homestar acquisition is expected to exceed previous expectations once the investment phase concludes.
- Operating approach maintained a steady daily production pace by utilizing backlog and additional days down over holidays.
- Financial services segment results are expected to continue strong performance due to improved profitability in insurance operations.
Headwinds
- Industry shipments slowed in the quarter, with HUD shipments at a significantly lower pace in October and November.
- Deal costs and integration plan spending for American Homestar impacted current quarter results.
- Capacity utilization decreased to approximately 70% from 75% in the prior year.
- Factory-built housing Gross profit as a percentage of Net revenue decreased.
- Income before income taxes was down $11 million, or 16.9%.
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 Q3 2026
+1.0%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+4.9%
Avg return
30 days after
59%
37 / 63 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 | — | — | — | |
| 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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