Cavco Industries (CVCO) Tops Q3 Views

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Cavco Industries Reports Fiscal 2018 Third Quarter Results

February 6, 2018 4:05 PM EST

PHOENIX, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (NASDAQ: CVCO) today announced financial results for the third fiscal quarter ended December 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 third quarter of fiscal year 2018 totaled $221.4 million, up 9.4% from $202.3 million for the third quarter of fiscal year... More