Filing Flows › Cavco Industries (CVCO) › Q2 FY27 › vs Q1 FY27
Cavco Industries (CVCO) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Cavco Industries's revenue rose $46.4M (+8%) from $610M in Q1 FY27 to $656M in Q2 FY27. The biggest changes: Factory-built housing +$47.8M (+8%); Financial services −$1.3M (-6%). Gross margin 22.5% against 22.1% (+0.4 pts).
Cavco Industries, Q2 FY27: revenue $656M (+18% year over year), operating margin 10.6%, net earnings $55.4M, operating cash flow $96.4M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 22.5% | 22.1% | +0.4 pts |
| Operating margin | 10.6% | 8.6% | +2.0 pts |
| Net margin | 8.4% | 6.9% | +1.5 pts |
| Free cash flow margin | 10.2% | 8.0% | +2.1 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Factory-built housing | $634M | $586M | $47.8M | +8% |
| Financial services | $22.6M | $24.0M | −$1.3M | -6% |
| Revenue | $656M | $610M | $46.4M | +8% |
| Gross profit | $148M | $135M | $13.0M | +10% |
| Cost of revenue | $509M | $475M | $33.4M | +7% |
| Other income, net | $3.4M | $3.0M | $416K | +14% |
| Operating profit | $69.9M | $52.8M | $17.1M | +33% |
| Operating expenses | $77.7M | $81.8M | −$4.1M | -5% |
| Pre-tax earnings | $73.4M | $55.8M | $17.6M | +31% |
| Net earnings | $55.4M | $42.3M | $13.2M | +31% |
| Income tax | $17.9M | $13.5M | $4.4M | +33% |
| Depreciation & amortization | $6.9M | $6.7M | $194K | +3% |
| Share-based compensation | $3.1M | $4.1M | −$1.0M | -26% |
| Working capital & other | $31.0M | $21.4M | $9.6M | +45% |
| Operating cash flow | $96.4M | $74.5M | $22.0M | +29% |
| Free cash flow (OCF − capex) | $66.7M | $49.0M | $17.7M | +36% |
| Capital expenditures | $29.7M | $25.5M | $4.2M | +17% |
Questions
How much did Cavco Industries's revenue grow quarter over quarter in Q2 FY27?
Cavco Industries's revenue rose $46.4M (+8%) from $610M in Q1 FY27 to $656M in Q2 FY27.
What drove Cavco Industries's revenue change in Q2 FY27?
Factory-built housing +$47.8M (+8%); Financial services −$1.3M (-6%).