卡寇工业 2026年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. CAVCO INDUSTRIES, INC.FORM 10-QDecember27, 2025 TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. Financial StatementsConsolidated Balance Sheets as of December 27, 2025 (unaudited) and March 29, 2025Consolidated Statements of Comprehensive Income (unaudited) for the three and nine months endedDecember 27, 2025 and December 28, 2024Consolidated Statements of Cash Flows (unaudited) for the nine months ended December 27, 2025 andDecember 28, 2024Notes to Consolidated Financial Statements (unaudited)Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II. OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Not applicableItem 4. Not applicableItem 5. Other InformationItem 6. ExhibitsSIGNATURES CAVCO INDUSTRIES, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CAVCO INDUSTRIES, INC. 1. Basis of Presentation The accompanying unaudited Consolidated Financial Statements of Cavco Industries, Inc. and its subsidiaries(collectively, "we," "us," "our," the "Company" or "Cavco") have been prepared pursuant to the rules and regulations ofthe Securities and Exchange Commission (the "SEC") for Quarterly Reports on Form 10-Q and Article 10 of SECRegulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements In the opinion of management, these financial statements include all adjustments, including normal recurringadjustments, which are necessary to fairly state the interim results for the periods presented. We have evaluated subsequentevents after the balance sheet date through the date of the filing of this report with the SEC, and there were no disclosablesubsequent events. These Consolidated Financial Statements should be read in conjunction with the audited Consolidated The preparation of financial statements in conformity with GAAP requires management to make estimates andassumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes. Due touncertainties, actual results could differ from the estimates and assumptions used in preparation of the ConsolidatedFinancial Statements. The Consolidated Statements of Comprehensive Income and Consolidated Statements of CashFlows for the interim periods are not necessarily indicative of the results or cash flows for the full year. The Company As disclosed on our Form 8-K filed on September 30, 2025, on September 29, 2025, we acquired American HomestarCorporation ("American Homestar"), including its two manufacturing facilities, nineteen wholly-owned retail locationsand financial service operations. The results of operations are included in our Consolidated Financial Statements from the For a description of significant accounting policies used in the preparation of our Consolidated Financial Statements, 2. Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs") issued by theFinancial Accounting Standards Board ("FASB"). ASUs not listed below were assessed and determined to be either not In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to ReportableSegment Disclosures, which requires companies to enhance the disclosures about segment expenses. The new standardrequires the identification and disclosure of the Company's Chief Operating Decision Maker ("CODM"), expandedincremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and theinclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be appliedretrospectively for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after In December 2023, the FASB