Cavco Industries (CVCO) Tops Q3 EPS by 38c

Cavco Industries (NASDAQ: CVCO) reported Q3 EPS of $1.35, $0.38 better than the analyst estimate of $0.97. Revenue for the quarter came in at $202.3 million versus the consensus estimate of $186.95 million.

Commenting on the results, Joseph Stegmayer, Chairman, President and Chief Executive Officer said, "Homebuyer demand was on a general uptrend during the first nine months of the fiscal year and continues to be positive. Recently, the Company has been delivering a limited number of units for disaster relief, which enhances Cavco's housing revenue in the otherwise seasonally slower winter months. The manufactured housing industry appears to be in a modest recovery mode from the historically low levels of recent years and we believe we are positioned well to benefit."

For earnings history and earnings-related data on Cavco Industries (CVCO) click here.

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