Cavco Industries (CVCO) Tops Q1 EPS by 88c

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Go back to Cavco Industries (CVCO) Tops Q1 EPS by 88c

Cavco Industries Reports Fiscal 2021 First Quarter Results

July 30, 2020 4:05 PM EDT

PHOENIX, July 30, 2020 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the first fiscal quarter ended June 27, 2020. On August 2, 2019, the Company completed the acquisition of Destiny Homes, which operates a manufactured and modular housing factory in Moultrie, Georgia. The results from this acquired operation since the acquisition date are included in the consolidated financial statements presented herein.

Financial highlights include the following:

Net revenue for the first quarter of fiscal year 2021 was $254.8 million, down 3.5%... More