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Cavco Industries' (CVCO) CEO Joseph Stegmayer on Q2 2016 Results - Earnings Call Transcript


Good day, ladies and gentlemen and welcome to the Cavco Industries, Inc., Second Quarter Fiscal Year 2016 Earnings Call Webcast. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instruction will follow at that time. [Operator Instructions] As a reminder, this conference is being recorded.

I would like to introduce your host for today’s conference Mr. Joe Stegmayer, Chairman and CEO. Sir, you may begin.

Joseph Stegmayer - Chairman and Chief Executive Officer

Thank you, Turia and good morning everyone. Good afternoon. We’re pleased to speak you today about our second quarter results and we’ll begin with Dan Urness, our Chief Financial Officer covering those results.

Daniel Urness - Chief Financial Officer

Good day, everyone. Before we begin, we respectfully remind you that certain statements made on this call either in our remarks or in our responses to questions may not be historical in nature, and therefore are considered forward-looking. All statements and comments today are made within the context of the Safe Harbor rules.

All forward-looking statements are subject to risks and uncertainties many of which are beyond our control. Our actual results or performance may differ materially from anticipated results or performance. Cavco disclaims any obligation to update any forward-looking statements made on this call, and investors should not place any reliance on them. More complete information on this subject is included as part of our earnings release filed yesterday and is available on our website and from other sources.

Reporting on the financial results this quarter net revenue for the second fiscal quarter was $192 million, up 38% compared to $139 million during...