Cavco Industries reports Q3 EPS $6.90 vs. $4.27 last year

Reports Q3 revenue $522.04M, consensus $480.31M. Backlogs totaled $224M at the end of the quarter. Commenting on the quarter, president and CEO Bill Boor said, “Our pre-tax profit improved significantly on increased home shipments and a strong recovery in Financial services. The outstanding EPS performance was further boosted by positive tax items and our continuing use of buybacks to manage the balance sheet.”