Champion Homes Stock Price, News & Analysis

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.

Skyline Champion Corporation (NYSE: SKY) will participate in the 2021 RBC Capital Markets Global Industrials Conference on September 9, 2021. Mark Yost, President and CEO, and Laurie Hough, CFO, will host a virtual fireside chat at 11:20 a.m. ET. A link to the live webcast and investor materials will be available on the company's Investor Relations website.

Skyline Champion is North America's largest independent factory-built housing company, employing around 7,700 staff with nearly 70 years in the business.

Skyline Champion Corporation (NYSE: SKY) announced a partnership with the Arbor Day Foundation to plant one tree for every tree used in the homes it builds, contributing to the Time for Trees initiative. This initiative aims to plant 100 million trees by 2022. Skyline Champion intends to plant at least 600,000 trees by the end of 2022, amid concerns over significant forest loss due to fires. Mark Yost, President and CEO, emphasized the importance of balancing their forest product use by replenishing North American forests through this partnership.

Skyline Champion has been awarded three Excellence in Manufactured and Modular Home Design awards by the Manufactured Housing Institute (MHI) for 2021. The awards highlight the company’s strong commitment to design, quality, and innovation. Key models recognized include the Odyssey, Diamond D1662C, and Ashley. Skyline Champion, the largest publicly traded factory-built housing company in North America, operates 40 manufacturing facilities and employs around 7,700 individuals.