PHOENIX (AP) _ Cavco Industries Inc. (CVCO) on Thursday reported fiscal first-quarter net income of $16.7 million.
On a per-share basis, the Phoenix-based company said it had profit of $1.80.
The homebuilder posted revenue of $254.8 million in the period.
Cavco shares have increased nearly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $203, a rise of 15% in the last 12 months.