Champion Homes Stock Price, News & Analysis

Skyline Champion (NYSE: SKY) has been awarded the 2023 Modular Housing Design Award by the Manufactured Housing Institute (MHI) for the sixth consecutive year, acknowledging its leadership in the factory-built housing sector. Mark Yost, President and CEO, highlighted the company's commitment to quality and innovation in homebuilding. Three Skyline Champion customers, including Homes Direct and Flagship Communities, were also recognized with MHI Awards for various achievements. The award-winning home, the Marietta Cape, features 3 bedrooms and over 1920 sq. ft., designed for open living and entertaining with modern amenities. Skyline Champion, with over 70 years of experience and 42 manufacturing facilities, is the largest independent, publicly traded factory-built housing company in North America.

Champion Homes and Quartz Properties are partnering to develop the Belle Meadow community in Asheville, North Carolina, featuring 74 modular homes. This innovative build-for-rent project aims to enhance modular construction adoption, showcasing its benefits, including reduced waste and faster build times. Champion Homes brings over 70 years of experience, while Quartz has rapidly expanded since its 2017 launch. With groundbreaking expected in Q2, the community will consist of single-family and duplex homes, each averaging 1,600 sq. ft. and equipped with modern amenities. This venture supports Skyline Champion's commitment to innovative housing solutions.

Skyline Champion Corporation (NYSE: SKY) reported its third-quarter fiscal 2023 results, showing net sales growth of 8.9% to $582.3 million. Despite a 1.4% decline in U.S. homes sold (5,749 units), the average selling price (ASP) rose 13.5% to $94,200. The backlog fell to $532 million, down 34.6%, reflecting a normalizing order rate due to destocking. Net income increased 22.5% to $82.8 million, with EPS rising 22.0% to $1.44. Gross profit margin expanded by 50 basis points to 29.9%. The company reported $712.4 million in cash as of December 31, 2022, indicating strong liquidity.

Skyline Champion is set to showcase its innovative home solutions at the International Builders’ Show from January 31 to February 2 in Las Vegas. The company, featuring its Genesis Homes brand, highlights factory-built homes including a three-bedroom model and an Accessory Dwelling Unit (ADU). With over 45,000 attendees expected, Skyline aims to address the market demand for affordable housing. CEO Mark Yost stated they are receiving strong interest from builders, reinforcing the company’s position as a leader in factory-built housing. Skyline operates 42 manufacturing facilities across North America and employs approximately 8,700 people.

Skyline Champion Corporation (NYSE:SKY) will announce its Q3 earnings results for FY 2023 after market close on February 6, 2023. An analyst conference call is scheduled for February 7, 2023, at 9:00 A.M. ET to discuss the results. Investors can access the call via the company’s website or by phone. Skyline Champion, the largest independent factory-built housing company in North America, operates 42 manufacturing facilities and employs approximately 8,700 people.

Skyline Champion (NYSE:SKY) and Star Fleet Trucking will be featured on Military Makeover: Operation Career airing on Lifetime Television on November 9 and November 30 at 7:30 am EST/PST. The episode showcases the positive impact of military veterans in the housing industry, particularly through Champion Homes' innovative housing solutions. Highlighting personal journeys of veterans like Trish Nowak, Scott Kennemuth, and Ron Baer, Jr., the episode underlines Skyline Champion’s commitment to employing veterans, reflecting the company's mission to support hard-working Americans.