Cavco Reports Q4 Revenue Up 8% to $550M, Full-Year Revenue Jumps 11.4%
CVCO sits 21% above its 52-week low of $393.53.
Summary
Cavco Industries reported Q4 revenue of $550 million, an 8% year-over-year increase, with diluted EPS of $5.42. Full-year revenue reached $2.245 billion, up 11.4%. This follows yesterday's news which broadly announced strong fiscal Q4 results and the $5.42 diluted EPS. This update provides the specific revenue figures and additional financial details. The detailed Q4 and full-year results confirm the company's strong performance, with significant revenue growth. Analysts maintain a positive outlook, with an average 12-month price target of $587.50, indicating potential upside.
At the time of this announcement, CVCO was trading at $474.93 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $393.53 to $713.01. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.