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 (SKY) delivers innovative manufactured housing solutions and recreational vehicles through seven decades of operational excellence. This news hub provides investors and industry stakeholders with timely updates on corporate developments, financial milestones, and market initiatives.
Access comprehensive coverage of SKY's strategic moves including quarterly earnings reports, manufacturing innovations, and community partnership announcements. Our curated news collection serves as your primary resource for understanding the company's position in the affordable housing and recreational vehicle sectors.
Key updates include analysis of modular housing trends, travel trailer production developments, and leadership changes. All content undergoes rigorous verification to ensure alignment with SKY's documented operational history and financial disclosures.
Bookmark this page for streamlined access to Champion Homes' official communications and third-party analysis. Regularly updated to reflect new developments while maintaining historical context for long-term investment research.
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.
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