10-Q/A

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC. 20549

                                    Form 10-Q/A-1

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                        For Quarter Ended March 31, 1996

                          Commission File Number 0-8822

                             Cavco Industries, Inc.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Arizona                                       86-0214910
- -------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

301 East Bethany Home Road, Suite C-178 Phoenix, Arizona                 85012
- --------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code (602) 265-0580
                                                   --------------

                                      n/a
- --------------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last
report.

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes /X/ No / /

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the close of the period covered by this report.



          Class                                               Shares Outstanding
          -----                                               ------------------
                                                           
Common Stock, $.05 Par Value                                       3,382,977

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PART II. Other Information

Item 6. Exhibits and Reports on Form 8-K

        (a) Exhibits
            EX-27 Financial Data Schedule - Six months ended March 31, 1996

        (b) Reports on Form 8-K
            The Company did not file any Form 8-K's during the six month
            period ended March 31, 1996.

There has not been any additional information with respect to items listed in
the Index, related to the periods being reported, which has not been previously
reported or which, in the opinion of management, is of significance to
investors.

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                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                  Cavco Industries, Inc.
                                          --------------------------------------
                                                       (Registrant)


Date  May 16, 1996                          /s/ Robert Ward
     -----------------                    --------------------------------------
                                                       (Signature)

                                          Robert Ward, Vice President, Treasurer
                                          and Chief Financial Officer


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EX-27

 

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE
SHEET AND STATEMENT OF EARNINGS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1996.

<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               MAR-31-1996
<CASH>                                       2,765,626
<SECURITIES>                                         0
<RECEIVABLES>                               11,985,792
<ALLOWANCES>                                   206,011
<INVENTORY>                                 11,696,529
<CURRENT-ASSETS>                            27,857,673
<PP&E>                                      14,949,767
<DEPRECIATION>                               5,225,887
<TOTAL-ASSETS>                              58,767,301
<CURRENT-LIABILITIES>                       17,212,411
<BONDS>                                      1,679,399
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       169,149
<OTHER-SE>                                  25,167,921
<TOTAL-LIABILITY-AND-EQUITY>                58,767,301
<SALES>                                     60,969,813
<TOTAL-REVENUES>                            64,415,705
<CGS>                                       50,150,583
<TOTAL-COSTS>                               51,729,632
<OTHER-EXPENSES>                             7,280,557
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             781,983
<INCOME-PRETAX>                              4,941,448
<INCOME-TAX>                                 1,968,900
<INCOME-CONTINUING>                          2,972,548
<DISCONTINUED>                                (18,673)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,953,875
<EPS-PRIMARY>                                      .87
<EPS-DILUTED>                                      .87