Cavco Industries Inc (CVCO) Q2 2025 Earnings Report

Cavco Industries Inc (CVCO) delivered robust results for Q2 2025, showing a revenue increase of 12.3% year-over-year to $507.5 million, largely driven by strong sales in the factory-built housing segment and financial services. Despite challenges posed by recent hurricanes affecting operations, the company reported a solid backlog growth of approximately 20% and a notable capacity utilization increase to 70%. Net income rose to $43.8 million, reflecting a 5.5% increase compared to the prior year, showcasing effective cost management and operational efficacy. Management expressed optimism about recovering market conditions, especially in the Southeast, and reinforced their robust shareholder return strategy, including $44 million in share buybacks this quarter.