Cavco Industries Named to Forbes® Magazine's List of 100 Best Small Companies in America
PHOENIX, Arizona (January 6, 2015) - Cavco Industries, Inc. (NASDAQ:CVCO) and its family of companies in the construction services industry are proud to announce that they have been listed as number 13 on Forbes® Magazine’s list of "America's Best Small Companies 2014."
Since 1979, Forbes has been compiling a list of their top 100 small companies from all industry segments based on their history of consistent sales and earnings growth. Companies included in this list must have generated less than $1 billion in revenue each year, have been publicly traded for at least one year with a stock price no lower than $5 a share, and may not have been involved in "fuzzy" accounting or have major legal troubles.
"Being ranked highly on Forbes 35th annual list of America's 100 Best Small Companies is a great honor," said Joe Stegmayer, Cavco President, CEO and Chairman of the Board. "This recognition is a testament to the hard work and dedication of our associates to provide outstanding homes and construction services while generating value to our shareholders. We are thankful to our customers, associates, suppliers and our shareholders for helping us earn this wonderful distinction."
Cavco builds in controlled indoor environments at an attractive value and within shorter completion times than on-site construction methods. The homes and park model RV's are efficiently distributed by independent retailers and through company-owned retail centers. Homes are customized to meet the styles and specifications required by individual consumers, land/lease communities, subdivision developers, and resort properties.
The complete list of America's Best Small Companies featured in Forbes is available online at www.forbes.com/best-small-companies/list/.
Cavco Homes, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and company-owned retailers. The Company is one of the largest producers of manufactured and modular homes in the United States, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes, Palm Harbor Homes and Nationwide Homes. The Company is also the leading producer of park model RV's, vacation cabins, and systems-built commercial structures. Cavco's subsidiary, CountryPlace Mortgage, offers conforming mortgages to home buyers. Its insurance subsidiary, Standard Casualty, provides property and casualty insurance to homeowners. See www.cavco.com and www.parkmodels.com.