Cavco Industries reported higher fourth-quarter revenue and profit versus the prior year, and management said orders strengthened late in the period with backlogs improving into the new fiscal year. The update points to improving demand and a better near-term operating backdrop for the manufactured housing builder. Overall, the release is supportive but appears more incremental than transformational.
Cavco Industries reported higher fourth-quarter revenue and profit versus the prior year, and management said orders strengthened late in the period with backlogs improving into the new fiscal year. The update points to improving demand and a better near-term operating backdrop for the manufactured housing builder. Overall, the release is supportive but appears more incremental than transformational.
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