Cavco Industries (CVCO) Reports In-Line Q1 EPS

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Go back to Cavco Industries (CVCO) Reports In-Line Q1 EPS

Cavco Industries Reports Fiscal 2017 First Quarter Results

August 9, 2016 4:07 PM EDT

PHOENIX, Aug. 09, 2016 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ: CVCO) today announced financial results for the first fiscal quarter ended July 2, 2016.

Financial highlights include the following:

Net revenue for the first quarter of fiscal year 2017 totaled $185.1 million, up 14.5% from $161.7 million for the first quarter of fiscal year 2016. The increase was primarily from 17.0% higher sales volume, as the Company sold 3,395 homes this quarter compared to 2,902 homes during last year's first fiscal quarter. The current quarter contains one additional month of Fairmont Homes... More