Cavco Industries reports Q4 EPS $5.58 vs. $6.90 last year

Reports Q4 revenue $580.99M vs. $522.04M last year. Commenting on the quarter, president and CEO Bill Boor said, “Industry shipments slowed in the quarter with HUD shipments at a significantly lower pace in the reported October and November period. Our operating approach was to use the backlog and additional days down over the holidays to maintain a steady daily production pace in the factories. Looking forward, affordable housing continues to rise in national policy discussions and as we talk with retailers and communities, the tone in the market remains optimistic. We will be looking to the Spring selling season to determine our ability to increase production from here.”