Welcome to our dedicated page for Champion Homes news (Ticker: SKY), a resource for investors and traders seeking the latest updates and insights on Champion Homes stock.
Champion Homes, Inc. produces factory-built housing in North America, with a portfolio that includes manufactured and modular homes, ADUs, park-models and modular buildings for single-family, multi-family and hospitality uses. The company also provides construction services for installation and setup, operates a factory-direct retail business in the United States and runs Star Fleet Trucking for manufactured-housing transportation.
Company updates commonly cover quarterly operating results, U.S. and Canadian home sales trends, product mix, retail-channel activity, offsite-built home showcases, completed acquisitions, share repurchase activity and leadership or board changes. Results announcements also discuss GAAP and non-GAAP measures tied to net sales, gross profit, net income and Adjusted EBITDA.
Skyline Champion announced the acquisition of ScotBilt Homes from SHI Group Holdings. ScotBilt, known for affordable housing, shipped over 1,600 homes in 2020 across southeastern states. This acquisition aligns with Skyline's strategy for profitable growth, enhancing their footprint in the mid-south region and leveraging ScotBilt's manufacturing efficiencies. CEO Mark Yost emphasized the transaction's potential for immediate shareholder value creation, benefiting from ScotBilt's established client base and margin profile. The move reflects a commitment to maintain ScotBilt’s brand integrity and operational principles.
Skyline Champion Corporation (NYSE:SKY) reported its third-quarter fiscal 2021 results, showing a **10.3%** increase in net sales to **$377.6 million**. U.S. factory-built homes sold rose **6.2%** to **5,343**, with an average selling price (ASP) of **$63,000**. Despite these gains, gross profit margin fell by **110 basis points** to **19.0%** due to rising material costs. Net income grew **26.8%** to **$21.6 million**, with adjusted EPS increasing to **$0.38**. The total backlog surged **267.1%** to **$488.5 million**, highlighting strong future demand.
Summary not available.
Skyline Champion Corporation (NYSE:SKY) will announce its earnings for the third quarter of fiscal 2021 on February 1, 2021, with a follow-up conference call on February 2, 2021, at 8:00 A.M. ET. The company, formed in June 2018 through the merger of Skyline Corporation and Champion Enterprises Holdings, operates 38 manufacturing facilities in North America and employs around 6,700 people. Skyline Champion specializes in factory-built housing and offers a diverse portfolio of manufactured and modular homes.
Skyline Champion reported its second quarter fiscal 2021 results, posting a 9.1% decrease in net sales, totaling $322.4 million. U.S. factory-built homes sold fell 6.7%, but backlog surged 126.8% to $390.1 million. Gross profit margin declined to 19.5% from 20.9%, affected by rising material costs. Net income slightly decreased to $17.5 million, while Adjusted EBITDA dropped 10.9% to $28.9 million. The company highlighted strong order levels and cash flow growth, indicating improved demand.
Skyline Champion Corporation (NYSE: SKY) will announce its earnings results for Q2 FY 2021 on October 27, 2020, after market close. A conference call is scheduled for October 28, 2020, at 8:00 A.M. ET, where the company will discuss its financial performance. The call can be accessed via their Investor Relations website and a replay will be available after the call's conclusion. Skyline Champion, formed from the merger of Skyline Corporation and Champion Enterprises, operates 38 manufacturing facilities and employs around 6,700 people in North America.