Cavco Industries (CVCO) Tops Q2 EPS by 12c

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Go back to Cavco Industries (CVCO) Tops Q2 EPS by 12c

Cavco Industries Reports Fiscal 2021 Second Quarter Results and Announces New $100 Million Stock Repurchase Program

October 29, 2020 4:05 PM EDT

PHOENIX, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the second fiscal quarter ended September 26, 2020.

Net revenue decreased 4.0% to $258.0 million for the second quarter of fiscal year 2021 compared to $268.7 million in the same quarter last year. Net revenue for the first six months of fiscal 2021 was $512.8 million, a 3.7% decrease from $532.7 million in the comparable prior year period. In the Factory-built housing segment, Net revenue decreased 4.6% to $241.0 million for the second quarter of fiscal year 2021 compared to... More