Cavco's backlog jumps 50% as Oppenheimer sees a margin recovery
Cavco Industries' fiscal first-quarter backlog rose 50% from the prior quarter, and Oppenheimer says improving industry shipments could lift its margins, according to Finimize.
Key facts
- Cavco's first-quarter backlog rose 50% from the previous quarter
- Industry shipments turned positive in June and July
- Factory-built housing margin: 8.9% over the last 12 months, with Oppenheimer expecting 9.4% by fiscal 2028
- Easing materials inflation and better selling, general and administrative expense efficiency are cited as drivers
- An El Mirage expansion expected to come online in fiscal 2028 could add about $12 million of operating income
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Read the original at Finimize (opens in a new tab)
Source: Cavco's Backlog Jump Has Oppenheimer Seeing A Turnaround — Finimize, September 30, 2026. Summary and commentary by RISE Community; read the full story at the source.
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