Company: CVCO
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047849
Chunk: 20

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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78,501 Net income per shareBasic$6.62 $5.33 $13.12 $9.48 Diluted$6.55 $5.28 $12.96 $9.38 Weighted average shares outstandingBasic7,909,326 8,226,298 7,931,589 8,256,664 Diluted7,992,745 8,305,326 8,024,720 8,337,671 

See accompanying Notes to Consolidated Financial Statements

2

Table of Contents

CAVCO INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

(Unaudited)

Six Months EndedSeptember 27,2025September 28,2024OPERATING ACTIVITIESNet income$104,023 $78,244 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation and amortization10,502 9,520 Provision for credit losses(64)(260)Deferred income taxes9,071 88 Stock-based compensation expense7,093 4,907 Non-cash interest income, net(457)(527)Loss (gain) on sale or retirement of property, plant and equipment, net(15)26 Gain on investments and sale of loans, net(2,551)(1,694)Changes in operating assets and liabilities, net of acquisitionsAccounts receivable(9,783)(17,261)Consumer loans receivable originated(29,807)(39,914)Proceeds received on consumer loans receivable33,922 34,045 Inventories(5,728)(2,686)Prepaid expenses and other current assets10,463 1,017 Commercial loans receivable originated(83,163)(54,724)Principal payments received on commercial loans receivable75,438 55,147 Accounts payable, accrued expenses and other liabilities15,050 36,146 Net cash provided by operating activities133,994 102,074 INVESTING ACTIVITIESPurchases of property, plant and equipment(18,870)(9,854)Proceeds from sale of property, plant and equipment38 127 Purchases of investments(15,590)(12,433)Proceeds from sale of investments14,273 11,131 Net cash used in investing activities(20,149)(11