Company: CVCO
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047849
Chunk: 19

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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, respectively95 94 Treasury stock, at cost; 1,604,083 and 1,428,720 shares, respectively(511,347)(424,624)Additional paid-in capital294,984 290,940 Retained earnings1,302,186 1,198,163 Accumulated other comprehensive income219 9 Total stockholders' equity1,086,137 1,064,582 Total liabilities and stockholders' equity$1,449,069 $1,406,645 See accompanying Notes to Consolidated Financial Statements

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Table of Contents

CAVCO INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands, except per share amounts)

(Unaudited)

Three Months EndedSix Months EndedSeptember 27,2025September 28,2024September 27,2025September 28,2024Net revenue$556,527 $507,461 $1,113,384 $985,060 Cost of sales422,120 391,339 849,471 765,536 Gross profit134,407 116,122 263,913 219,524 Selling, general and administrative expenses72,229 66,997 141,377 131,848 Income from operations62,178 49,125 122,536 87,676 Interest income5,046 5,692 10,149 11,203 Interest expense(112)(125)(276)(215)Other income, net142 258 142 147 Income before income taxes67,254 54,950 132,551 98,811 Income tax expense(14,873)(11,135)(28,528)(20,567)Net income$52,381 $43,815 $104,023 $78,244 Comprehensive incomeNet income$52,381 $43,815 $104,023 $78,244 Reclassification adjustment for securities sold 136 262 253 271 Applicable income tax expense(29)(55)(53)(57)Net change in unrealized position of investments held8 (11)12 54 Applicable income tax (expense) benefit(1)3 (2)(11)Comprehensive income$52,495 $44,014 $104,233 $