Cavco Industries (CVCO) Tops Q4 EPS by 88c, Beats on Revenues

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Go back to Cavco Industries (CVCO) Tops Q4 EPS by 88c, Beats on Revenues

Cavco Industries Reports Fiscal 2018 Fourth Quarter and Year End Results

May 29, 2018 4:05 PM EDT

PHOENIX, May 29, 2018 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended March 31, 2018. 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.

Three months ended March 31, 2018 compared to the three months ended April 1, 2017

Net revenue was $242.5 million, up 22.5% from $198.0... More