Champion Homes Stock Price, News & Analysis

Skyline Champion Corporation (NYSE: SKY) has been awarded three 2022 MHI Excellence in Manufactured and Modular Home Design awards for the third consecutive year. This recognition highlights the company's commitment to innovation and quality across its housing portfolio. The award-winning models include the Nova, a multi-section manufactured home, the Sydney, a single-section tiny home, and the Graystone Cottage, a modular home designed for community living. Skyline Champion aims to provide affordable housing options while enhancing design and construction excellence.

Mavenir has appointed Erin Mulligan Nelson as an Independent Director on its Board, effective April 12. Nelson's extensive experience in digital and software sectors is expected to enhance Mavenir's strategic direction, particularly in new software business models.

Previously, she served as CEO of Bonterra and has held leadership roles at Social Solutions and Dell. Her insights in sales growth and software transformation are anticipated to be valuable for Mavenir as it advances in 5G and cloud-native technologies.

Skyline Champion Corporation (NYSE: SKY) reported robust financial results for its third quarter of fiscal 2022, ending January 1, 2022. Net sales surged 41.6% to $534.7 million, with U.S. factory-built homes sold increasing 9.2% to 5,832 units. The average selling price rose 31.7% to $83,000, reflecting rising material and labor costs. Gross profit margin expanded by 1,040 basis points to 29.4%, and net income soared 213.1% to $67.6 million, with EPS reaching $1.18. Total backlog reached $1.5 billion, demonstrating strong future demand.

Skyline Champion Corporation (NYSE:SKY) will announce its third quarter fiscal year 2022 earnings on February 2, 2022, after market close. A conference call is scheduled for February 3, 2022, at 9:00 A.M. ET. Investors can access the live call via the company's website, with a replay available post-call. Skyline Champion is the largest independent, publicly traded factory-built housing company in North America, employing over 7,900 people and operating 40 facilities across the U.S. and Canada.

Skyline Champion (NYSE: SKY) announced its new 270,000 sq. ft. home building facility in Navasota, Texas, reinforcing its commitment to affordable housing in North America. The plant, acquired in June, is set to begin operations later this year, with plans to hire over 250 employees. Management emphasizes long-term career opportunities for new hires. Skyline Champion is North America's largest independent factory-built housing company, employing around 7,900 individuals across 40 manufacturing facilities.

Skyline Champion Corporation (NYSE: SKY) reported strong financial results for Q2 fiscal 2022, with net sales rising 62.6% to $524.2 million and net income increasing 189.7% to $50.7 million. The company sold 5,902 factory-built homes, a 25.9% increase year-over-year, and backlog grew significantly to $1.4 billion. Gross profit margin expanded by 520 basis points to 24.7%, and earnings per share rose to $0.89, bolstered by higher prices and production efficiencies. Skyline remains focused on increasing production amidst supply chain challenges.

Skyline Champion Corporation (NYSE:SKY) is set to release its second quarter fiscal year 2022 earnings results on November 2, 2021, after market closure. A conference call to discuss the results will take place on November 3, 2021, at 9:00 A.M. ET. Interested investors can listen via the company's investor relations website. Skyline Champion, the largest independent factory-built housing company in North America, operates 40 manufacturing facilities and employs over 7,700 people, focusing on modular and manufactured homes for various housing sectors.