Cavco Industries reports Q2 EPS $4.76, consensus $5.27

Reports Q2 revenue $452.03M, consensus $477.59M. Commenting on the quarter, President and Chief Executive Officer Bill Boor said, “Backlogs have stabilized at about 6 weeks, reflecting modest improvement in wholesale orders while capacity utilization remained essentially unchanged from Q1. Our plants, and operations overall, continue to do an outstanding job maintaining healthy margins and generating strong cash flow despite market conditions.”