PHOENIX (AP) _ Cavco Industries Inc. (CVCO) on Monday reported fiscal first-quarter earnings of $19.7 million.

On a per-share basis, the Phoenix-based company said it had net income of $2.12.

The homebuilder posted revenue of $246.4 million in the period.

Cavco shares have risen 38 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $210.50, an increase of 54 percent in the last 12 months.


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