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Cavco Industries fiscal Q1 profit climbs YOY

4281313 said its normalized net income for the fiscal first quarter ended June 28 amounted to 61 cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.

EPS increased year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.5 million, an increase from $1.7 million in the prior-year period.

The normalized profit margin rose to 3.9% from 1.3% in the year-earlier period.

Total revenue climbed on an annual basis to $139.2 million from $134.0 million, and total operating expenses climbed on an annual basis to $130.8 million from $128.3 million.

eported net income grew on an annual basis to $5.8 million, or 64 cents per share, from $1.8 million, or 26 cents per share.Cavco Industries Inc.

4281313 said its normalized net income for the fiscal first quarter ended June 28 amounted to 61 cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.