Champion Homes Stock Price, News & Analysis

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.

Skyline Champion Corporation (NYSE: SKY) will announce its fourth quarter and full year 2021 earnings after market close on May 25, 2021. A conference call to discuss the results is scheduled for May 26, 2021, at 8:00 A.M. ET. Interested parties can access the call via the Investor Relations section of Skyline Champion’s website. The company, North America's largest independent factory-built housing firm, operates over 40 manufacturing facilities and employs more than 7,000 people, serving various housing sectors.

Skyline Champion Corporation (NYSE: SKY) has appointed Tim Larson as its first Chief Growth Officer to spearhead the company’s customer experience strategy and omni-channel platform. Mark Yost, CEO, expressed enthusiasm for Larson's expertise, anticipating growth in consumer engagement through an enhanced digital platform for home customization. Larson's background includes significant contributions at Polaris Industries and Jostens, which should bolster Skyline Champion’s customer-focused initiatives. The company, a leader in factory-built housing in North America, aims to leverage Larson's experience to generate industry-leading solutions.

Skyline Champion has been awarded two Jerry Rouleau Awards for Excellence in Home Design by the National Association of Home Builders, recognizing its leadership in offsite construction. Awarded on March 4 during a virtual ceremony, Skyline Champion's Wellfleet modular home won in the under 2,000 sq-ft category, while The Corner, a multi-family project in Detroit, received the Multi-family Entry of Distinction. Skyline Champion, NYSE:SKY, is a leading factory-built housing company in North America, operating 40 manufacturing facilities and employing over 7,000 people.

Skyline Champion announced the acquisition of ScotBilt Homes from SHI Group Holdings. ScotBilt, known for affordable housing, shipped over 1,600 homes in 2020 across southeastern states. This acquisition aligns with Skyline's strategy for profitable growth, enhancing their footprint in the mid-south region and leveraging ScotBilt's manufacturing efficiencies. CEO Mark Yost emphasized the transaction's potential for immediate shareholder value creation, benefiting from ScotBilt's established client base and margin profile. The move reflects a commitment to maintain ScotBilt’s brand integrity and operational principles.

Skyline Champion Corporation (NYSE:SKY) reported its third-quarter fiscal 2021 results, showing a **10.3%** increase in net sales to **$377.6 million**. U.S. factory-built homes sold rose **6.2%** to **5,343**, with an average selling price (ASP) of **$63,000**. Despite these gains, gross profit margin fell by **110 basis points** to **19.0%** due to rising material costs. Net income grew **26.8%** to **$21.6 million**, with adjusted EPS increasing to **$0.38**. The total backlog surged **267.1%** to **$488.5 million**, highlighting strong future demand.