### Financial Performance
- Revenue: $522 million (YoY: +16.8%, QoQ: +2.9%)
- Gross Profit: $129.95 million (Gross Margin: 24.9%, YoY: +180 bps)
- Operating Income: $63.97 million (Operating Margin: 12.2%, YoY: +60.98%, QoQ: +30.2%)
- Net Income: $56.46 million (Net Margin: 10.8%, YoY: +56.9%, QoQ: +28.9%)
- Diluted EPS: $6.90 (YoY: +61.72%, QoQ: +30.77%)
Cavco posted strong revenue growth backed by a 21.6% increase in homes sold, although average revenue per home dipped by 3.5%. Noteworthy improvement in gross margins was attributed to better fixed overhead leverage and reductions in input costs.