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Skyline Champion Corp - SKY STOCK NEWS

Welcome to our dedicated news page for Skyline Champion (Ticker: SKY), a resource for investors and traders seeking the latest updates and insights on Skyline Champion.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Skyline Champion's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Skyline Champion's position in the market.

News
Skyline Champion Announces Third Quarter Fiscal 2024 Results
Rhea-AI Summary
Skyline Champion Corporation (NYSE: SKY) announced its third-quarter fiscal 2024 financial results, revealing a 3.9% decrease in net sales, 1.8% decrease in U.S. homes sold, 12.6% increase in total backlog, and a 460 basis point contraction in gross profit margin. The company's net income decreased by 43.3% to $47.0 million, while adjusted EBITDA decreased 39.2% to $66.3 million. Despite these declines, Skyline Champion expanded its capacity, closed the acquisition of Regional Homes, and launched a captive joint venture, Champion Financing. The need for housing remains strong, and the company continues to position itself to better serve the needs of its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.95%
Tags
earnings
-
News
Skyline Champion Corporation Announces Third Quarter Fiscal Year 2024 Earnings Release Date and Conference Call
Rhea-AI Summary
Skyline Champion Corporation (NYSE: SKY) will release its third quarter fiscal 2024 earnings results on February 5, 2024, followed by a conference call the next day. Interested parties can access the webcast on the company's website or join the call via phone. The online replay will be available immediately after the call, and a telephonic replay will be accessible for international callers as well. The passcode for both the live call and the replay is 13743591.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
earnings
-
News
Skyline Champion Announces Second Quarter Fiscal 2024 Results
Rhea-AI Summary
Skyline Champion Corporation (NYSE: SKY) reported a decrease in net sales of 42.5% to $464.2 million for the second quarter fiscal 2024. The number of U.S. homes sold decreased by 33.4% to 4,842, and the ASP per U.S. home sold decreased by 14.8% to $88,400. Gross profit margin contracted by 890 basis points to 25.1%. Net income decreased by 68.3% to $45.7 million, and adjusted earnings per share decreased by 67.3% to $0.82. Adjusted EBITDA decreased by 70.2% to $58.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
Tags
earnings
News
Skyline Champion Announces Closing of the Acquisition of Regional Homes
Rhea-AI Summary
Champion Home Builders and Champion Retail Housing, subsidiaries of Skyline Champion Corporation, have closed their acquisition of Regional Enterprises LLC and related companies. The purchase price was approximately $313 million, net of cash acquired, plus assumed debt of $93 million. The transaction is expected to generate solid returns and strengthen Skyline Champion's market positioning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
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News
Skyline Champion Corporation Announces Second Quarter Fiscal Year 2024 Earnings Release Date and Conference Call
Rhea-AI Summary
Skyline Champion Corporation to release Q2 fiscal 2024 earnings results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
earnings
-
News
Skyline Champion Announces Upcoming Investor Conference Schedule
Rhea-AI Summary
Skyline Champion Corporation (NYSE: SKY) announced its participation in several investor conferences. No concrete business takes were provided in the PR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
conferences
News
Skyline Champion Announces Acquisition of Regional Homes
Rhea-AI Summary
Champion Home Builders and Champion Retail Housing, subsidiaries of Skyline Champion Corporation, announced the acquisition of Regional Enterprises LLC. Regional Homes, the fourth largest HUD manufacturer in the US, had estimated revenue of $523 million and generated estimated EBITDA of $84 million in 2022. The transaction is expected to generate solid returns and expand Skyline Champion's presence in Alabama and Mississippi. The purchase price is approximately $328 million plus assumed debt. The transaction is subject to regulatory approval and is expected to close in Q3 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.64%
Tags
acquisition
-
News
ECN Capital and Skyline Champion Announce Strategic Relationship
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
Tags
none
-
News
Skyline Champion Announces First Quarter Fiscal 2024 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.59%
Tags
earnings
News
Eddie Capel Elected as Chair of the Board of Skyline Champion
Rhea-AI Summary
Skyline Champion Corporation (NYSE: SKY) announces Eddie Capel as the new Chair of the Board, effective July 27, 2023. Capel's vast experience and strategic insights will drive the company's growth and success, contributing to long-term objectives and transforming homebuilding. Mark Yost, President and CEO, expresses confidence in Capel's appointment, highlighting his commitment to excellence. Capel acknowledges the outgoing Chair, Timothy Bernlohr, and looks forward to supporting the executive leadership team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
Stock SKY logo
Skyline Champion Corp

NYSE:SKY

SKY Rankings

#1286 Ranked by Market Cap
#1949 Ranked by Stock Gains
N/A Ranked by Dividends

SKY Stock Data

4.57B
53.08M
1.93%
105.13%
2.64%
Manufactured Home (Mobile Home) Manufacturing
Manufacturing
Link
United States
Troy

About SKY

founded in 1951 in elkhart, indiana, skyline initially produced the affordable housing units popularly known as house trailers or mobile homes. these units evolved into today's manufactured and modular housing. in 1960, we opened our first travel trailer plant. during its 50-plus years of operation, skyline has built more than 870,000 homes and 460,000 recreational vehicles (rvs), most of them travel trailers. skyline continues to be committed to producing the best products at the best prices. it has earned a reputation for uncompromising integrity in all of its relationships with communities, suppliers, retailers and with the hundreds of thousands of americans who live in skyline-built homes and enjoy skyline-built rvs.