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 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.
Skyline Champion Corporation (NYSE:SKY) will announce its earnings for the third quarter of fiscal 2021 on February 1, 2021, with a follow-up conference call on February 2, 2021, at 8:00 A.M. ET. The company, formed in June 2018 through the merger of Skyline Corporation and Champion Enterprises Holdings, operates 38 manufacturing facilities in North America and employs around 6,700 people. Skyline Champion specializes in factory-built housing and offers a diverse portfolio of manufactured and modular homes.
Skyline Champion reported its second quarter fiscal 2021 results, posting a 9.1% decrease in net sales, totaling $322.4 million. U.S. factory-built homes sold fell 6.7%, but backlog surged 126.8% to $390.1 million. Gross profit margin declined to 19.5% from 20.9%, affected by rising material costs. Net income slightly decreased to $17.5 million, while Adjusted EBITDA dropped 10.9% to $28.9 million. The company highlighted strong order levels and cash flow growth, indicating improved demand.
Skyline Champion Corporation (NYSE: SKY) will announce its earnings results for Q2 FY 2021 on October 27, 2020, after market close. A conference call is scheduled for October 28, 2020, at 8:00 A.M. ET, where the company will discuss its financial performance. The call can be accessed via their Investor Relations website and a replay will be available after the call's conclusion. Skyline Champion, formed from the merger of Skyline Corporation and Champion Enterprises, operates 38 manufacturing facilities and employs around 6,700 people in North America.
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