Champion Homes Stock Price, News & Analysis

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.

Skyline Champion Corporation (NYSE: SKY) reported remarkable first quarter results for fiscal 2022, showing a net sales increase of 86.7% to $510.2 million compared to the previous year. U.S. factory-built homes sold rose 58.2% to 6,372, with an average selling price of $71,800, reflecting a 16.2% increase. Net income surged 260.4% to $42.9 million and adjusted EBITDA jumped 178.2% to $62.7 million. The total backlog soared to $1.2 billion, an increase of over 500%.

Skyline Champion Corporation (NYSE: SKY) announced the appointment of Dr. Roland Menassa as its first Vice President of Manufacturing Technology. This newly created role aims to spearhead the integration of robotics, advanced automation, and materials handling innovations. Mark Yost, President and CEO, emphasized that Dr. Menassa's extensive experience from Amazon, General Electric, and General Motors will enhance operational safety, sustainability, and product quality. With nearly 70 years in homebuilding and a strong portfolio, Skyline Champion is positioned for transformation in the housing industry.

Skyline Champion Corporation (NYSE:SKY) will announce its Q1 fiscal year 2022 earnings after market close on August 3, 2021. A conference call to discuss the results will take place on August 4, 2021, at 9:00 A.M. ET. Investors can access this call via Skyline Champion's Investor Relations website or by dialing in directly. The company is the largest independent factory-built housing provider in North America and employs over 7,700 individuals, operating 40 manufacturing facilities across the U.S. and Canada.

Skyline Champion Corporation (NYSE: SKY) reported robust financial results for Q4 and full year FY2021, marked by a 48.6% increase in net sales to $447.6 million. U.S. factory-built homes sold surged 28.7% to 5,923, with a backlog growth of 573.7% to $858.6 million. Gross profit margin expanded to 22.1%, with net income soaring 465% to $33.9 million and EPS increasing to $0.60. For the full year, net sales totaled $1,420.9 million, up 3.7% year-over-year, with net income elevating 46% to $84.9 million. The acquisition of ScotBilt Homes strengthened their market position.