Cavco Industries Q3 Profit Falls Amid Sluggish Housing Demand

Cavco Industries (CVCO) reported a decline in Q3 profit as weak housing market conditions pressured sales and margins. Earnings dropped to $2.10 per share from $3.45 in the year-ago quarter, missing analyst expectations of $2.45. Revenue fell 12% year-over-year to $387 million, driven by lower unit volumes across its manufactured housing and financial services segments. Management cited elevated interest rates and reduced consumer confidence as key headwinds. The company maintained its full-year guidance but warned of continued pressure through early 2026. Cavco ended the quarter with $189 million in cash and no long-term debt. Shares fell 4.2% in after-hours trading following the release.