Company: CVCO
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047849
Chunk: 35

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 Income tax expense(13,661)(1,212)(14,873)Net income$48,152 $4,229 $52,381 Six Months Ended September 27, 2025Factory-built housingFinancial servicesConsolidatedNet revenue$1,070,811 $42,573 $1,113,384 Cost of sales827,473 21,998 849,471 Gross profit243,338 20,575 263,913 Selling, general and administrative expenses128,911 12,466 141,377 Income from operations114,427 8,109 122,536 Interest income10,149 — 10,149 Interest expense(276)— (276)Other income, net142 — 142 Income before income taxes124,442 8,109 132,551 Income tax expense(26,789)(1,739)(28,528)Net income$97,653 $6,370 $104,023 

15

Three Months Ended September 27, 2025Factory-built housingFinancial servicesConsolidatedDepreciation$4,898 $63 $4,961 Amortization$366 $6 $372 Capital expenditures$9,861 $— $9,861 Six Months Ended September 27, 2025Factory-built housingFinancial servicesConsolidatedDepreciation$9,633 $125 $9,758 Amortization$732 $12 $744 Capital expenditures$18,870 $— $18,870 

16

Three Months Ended September 28, 2024Factory-built housingFinancial servicesConsolidatedNet revenue$486,343 $21,118 $507,461 Cost of sales374,823 16,516 391,339 Gross profit111,520 4,602 116,122 Selling, general and administrative expenses61,440 5,557 66,997 Income (loss) from operations50,080 (955)49,125 Interest income5,692 — 5,692 Interest expense(125)— (125)Other income, net258 — 258 Income (loss) before income taxes55,905 (955)54,950 Income tax expense(11,099)(36)(11,135)Net income (