Cavco Releases Financials

RTTNews says while total revenues for Cavco Industries for the fourth quarter 2012 spiked 156% over the same period last year, from $38.8 million to $99.5 million, net profit for common shareholders was $1.65 million, or $0.24 per share, compared to $1.61 million or $0.23 per share for the same quarter last fiscal year. Higher expenses offset the increased revenues. For the quarter, expenses rose to $20.69 for fiscal Q4 2012 from $5.35 million same period last year. MHProNews.com understands Cavco bills itself as the second largest manufactured home producer in the nation. The company also provides financing and insurance for its homes.

(Image credit: Cavco Homes)

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