Pivotal-Point Tracking Cavco Industries (CVCO): Specialist in affordable housing solutions presents high order backlog of $210 million!
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On October 31, the stock of Cavco Industries surged following the announcement of its second-quarter results, which clearly exceeded analysts' forecasts. The company is a leading designer and manufacturer of prefabricated residential structures such as mobile homes, modular houses, and cabins. Cavco reported earnings per share of $6.55, significantly surpassing expectations of $6.30. Revenues increased by 9.7% year-over-year to $556.5 million. The high order backlog of $210 million underscores the positive outlook for the upcoming quarters. A crucial...
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