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0 0 0.0142584154049684 0.0142584154049684 0.0657063060414523 0.000293987946494135 0.000293987946494135 0.000293987946494135
Stock impact report

Cavco Industries Reports Fiscal 2019 Fourth Quarter and Year End Results

Cavco Industries, Inc. (CVCO) 
US:NASDAQ Investor Relations: investor.cavco.com
Company Research Source: GlobeNewswire
PHOENIX, May 23, 2019 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended March 30, 2019. Three months ended March 30, 2019 compared to the three months ended March 31, 2018 Net revenue was $241.1 million, down 0.6% from $242.5 million in the prior year period. Net revenue for the three months ended March 30, 2019 includes subcontracted pass-through services of $6.2 million, which are now recognized on a gross basis rather than net of associated costs. Current period revenue was lower from reduced home sales volume, largely offset by price increases and product mix. In the prior year period, the Company recognized $14.8 million of home sales revenue from early commercial loan payoffs received under Cavco's wholesale lending programs, in addition to completion of disaster-relief units for the Federal Emergency Management Agency.Income before income taxes was $26.1 million, a 15.0% decre Show less Read more
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