Cavco

Q1 FY2027 EarningsQ1 FY27 beat consensus on revenue but missed on profitability: revenue $610.0M vs. $590.5M expected, while gross margin of 22.1% trailed the 22.6% consensus. Adjusted Net Income of $42.3M was slightly below the $43.1M forecast, primarily due to higher input costs in the Factory-built housing segment and a rise in the effective tax rate to 24.2% (vs. 20.9% YoY). Diluted EPS of $5.43 missed the $5.55 consensus by 2.2%, despite a 9.5% YoY revenue increase driven by the American Homestar acquisition.