Skyline Champion Announces Fourth Quarter and Full Year Fiscal 2021 Results
Skyline Champion Corporation (NYSE:SKY) ("Skyline Champion") today announced financial results for its fourth quarter and full year ended April 3, 2021 ("fiscal 2021"). Results included an extra week during the fourth quarter of fiscal 2021 compared to the year ago period.
Fourth Quarter Fiscal 2021 Highlights (compared to Fourth Quarter Fiscal 2020)
Net sales increased 48.6% to $447.6 million
U.S. factory-built homes sold increased 28.7% to 5,923
Total backlog increased 573.7% to $858.6 million
Average selling price ("ASP") per U.S. home sold increased 11.6% to $67,200
Gross profit margin expanded by 220 basis points to 22.1%
Net income increased by 465.0% to $33.9 million
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