Cavco Industries reports Q1 EPS $6.42 vs $4.11 last year

Reports Q1 revenue $556.857M, consensus $524.97M. Commenting on the quarter, President and Chief Executive Officer Bill Boor said, “Our plants have been increasing run rates over the past few quarters in anticipation of continued order growth, where order rates and backlogs have supported. This quarter rewarded those decisions with higher shipments and stable quarter-to-quarter consolidated backlog. Financial Services also contributed to the strong results. The market remains uncertain and our flexible business model makes us well positioned to adjust as needed.”