Cavco Industries, Inc. 3% for the third fiscal quarter, which ended December 27.
The company's acquisition of American Homestar Corporation in September 2025 has contributed to this growth. Since the acquisition date, the results of American Homstar have been consolidated with Cavco's financial statements.
Industry shipments slowed down during the quarter due to HUD shipments being at a lower pace in October and November. Despite this, Cavco maintained a steady daily production pace by utilizing its backlog and additional days off over the holidays.
The company remains optimistic about the market, with affordable housing continuing to be a topic of national policy discussions. In the Financial Services segment, results have been strong, reflecting improvements made to increase profitability in the insurance operation.
However, this quarter's results are expected to include deal costs and integration plan spending, which will be phased out as the investment concludes. The company expects to see a positive impact on its financials beyond expectations.
Cavco is now looking forward to the Spring selling season to determine its ability to increase production from here.
Cavco's acquisition of American Homestar Corporation has clearly had a significant impact on their net revenue growth, and it will be interesting to see how this deal continues to shape the company's financials in the future. The industry's shift towards affordable housing is also a promising trend that Cavco is well-positioned to capitalize on.
