Cavco Industries CVCO Q1 2027: Record $610M Revenue, EPS Misses
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Cavco smashed revenue expectations with record $610M in sales as backlog surged over 50% to $298M, but EPS missed narrowly after margin compression from the American Homestar acquisition. The manufactured housing builder shipped 5,657 homes while SG&A expenses climbed 18%, weighing on the bottom line despite strong demand tailwinds from the new 21st Century ROAD to Housing Act.
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Cavco Industries posted record quarterly revenue of $610 million in Q1 2027, beating estimates of roughly $591 million by about 3.3%. The company shipped 5,657 homes during the quarter, and its backlog surged more than 50% to $298 million — a signal that demand for manufactured housing remains robust. The results extended a clear upward revenue trend that has taken Cavco from $478 million in Q1 2025 to its current record high.
The earnings picture was more complicated. Reported EPS came in at $5.43, falling about 2.2% short of the $5.68 consensus estimate. Two costs pulled on margins: the integration of the American Homestar acquisition and an 18% rise in SG&A expenses. Those headwinds were enough to offset the top-line strength and leave the bottom line slightly below what Wall Street had penciled in.
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On the policy front, the newly passed 21st Century ROAD to Housing Act appears to be contributing to the demand environment Cavco is operating in. Investors will want to watch whether the backlog growth of over 50% translates into sustained shipment volumes, and whether margin pressure from the American Homestar deal eases as integration costs normalize.
Mentioned: CVCO