Cavco Industries (CVCO) Misses Q2 EPS by 13c

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Go back to Cavco Industries (CVCO) Misses Q2 EPS by 13c

Cavco Industries Reports Fiscal 2018 Second Quarter Results

November 7, 2017 4:08 PM EST

PHOENIX, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ: CVCO) today announced financial results for the second fiscal quarter ended September 30, 2017. On April 3, 2017, the Company completed the acquisition of Lexington Homes, Inc., which operates a manufactured housing plant in Lexington, Mississippi. Since the acquisition date, the results from this new business are included in Cavco's consolidated financial statements presented herein.

Financial highlights include the following:

Net revenue for the second quarter of fiscal year 2018 totaled $200.5 million, up 6.5% from $188.3 million for the second quarter... More