Description

Cavco Industries: Inside the $10 Million Synergy Engine From the Homestar Deal!

Cavco Industries, Inc. reported financial results for the third quarter of fiscal year 2026, marked by several significant developments and challenges. The quarter was influenced by the acquisition and integration of American Homestar, which brought both opportunities and transitional costs to the forefront. On the financial front, Cavco’s net revenue for the quarter was $581 million, reflecting an 11.3% increase from the prior-year period. This growth was driven largely by the American Homestar acquisition, which contributed an additional $42 million in revenue. However, the underlying business showed a decrease in unit volume by 4% compared to the prior year, excluding the acquisition’s impact. Gross margins were notably affected, with a decrease to 23.4% from 24.9% a year earlier. This reduction was attributed to higher per-unit costs and some margin compression in the retail segment. The integration of American Homestar came with identifiable challenges and opportunities. The company reported $2.