Company: CVCO
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000278166-25-000128
Chunk: 21

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
 stock, at cost; 1,537,013 and 1,428,720 shares, respectively(474,993)(424,624)Additional paid-in capital289,821 290,940 Retained earnings1,249,805 1,198,163 Accumulated other comprehensive income105 9 Total stockholders' equity1,064,833 1,064,582 Total liabilities and stockholders' equity$1,419,617 $1,406,645 See accompanying Notes to Consolidated Financial Statements

1

Table of Contents

CAVCO INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands, except per share amounts)

(Unaudited)

Three Months EndedJune 28,2025June 29,2024Net revenue$556,857 $477,599 Cost of sales427,351 374,197 Gross profit129,506 103,402 Selling, general and administrative expenses69,148 64,851 Income from operations60,358 38,551 Interest income5,103 5,511 Interest expense(164)(90)Other (expense), net— (111)Income before income taxes65,297 43,861 Income tax expense(13,655)(9,432)Net income$51,642 $34,429 Comprehensive incomeNet income$51,642 $34,429 Reclassification adjustment for securities sold 117 9 Applicable income tax expense(24)(2)Net change in unrealized position of investments held4 65 Applicable income tax expense(1)(14)Comprehensive income$51,738 $34,487 Net income per shareBasic$6.49 $4.15 Diluted$6.42 $4.11 Weighted average shares outstandingBasic7,953,720 8,286,476 Diluted8,041,008 8,372,254 

See accompanying Notes to Consolidated Financial Statements

2

Table of Contents

CAVCO INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

(Unaudited)

Three Months EndedJune 28,2025June 29,2024OPERATING ACTIVITIESNet income$51,642 $34,429 Adjustments to reconcile