Skyline Champion Q4 Adj $0.62 Misses $0.68 Estimate, Sales $536.36M Miss $560.92M Estimate

5/21/24 4:11:48 PM ET

Homebuilding

Consumer Discretionary

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Skyline Champion (NYSE:SKY) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.68 by 8.82 percent. This is a 38 percent decrease over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $536.36 million which missed the analyst consensus estimate of $560.92 million by 4.38 percent. This is a 9.12 percent increase over sales of $491.53 million the same period last year.

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Recent Analyst Ratings for
$SKY

Date	Price Target	Rating	Analyst
12/18/2023	$72.00	Outperform → Neutral	Wedbush
12/14/2022	$65.00 → $60.00	Overweight → Equal Weight	Barclays
11/3/2022	$72.00 → $54.00	Outperform → Sector Perform	RBC Capital Mkts
7/7/2022	$70.00	Neutral → Outperform	Wedbush
2/4/2022	$81.00 → $87.00	Sector Perform → Outperform	RBC Capital
12/15/2021	$86.00 → $98.00	Overweight	Barclays
11/4/2021	$62.00 → $78.00	Sector Perform	RBC Capital

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Champion Homes Announces Second Quarter Fiscal 2025 Results
Champion Homes, Inc. (NYSE:SKY) ("Champion Homes") today announced financial results for its second quarter ended September 28, 2024 ("fiscal 2025"). Second Quarter Fiscal 2025 Highlights (compared to Second Quarter Fiscal 2024) Net sales increased 32.9% to $616.9 million U.S. homes sold increased 31.3% to 6,357 Total backlog increased 5.6% to $427 million from the sequential first quarter Average selling price ("ASP") per U.S. home sold increased 4.5% to $92,400 Gross profit margin expanded by 190 basis points to 27.0% Net income increased by 19.8% to $54.7 million Earnings per diluted share ("EPS") increased 19.0% to $0.94 Adjusted EBITDA increased 26.2% to $74.2 million
10/28/24 4:15:00 PM ET
$SKY
Homebuilding
Consumer Discretionary
Champion Homes Announces Second Quarter Fiscal Year 2025 Earnings Release Date and Conference Call
Champion Homes, Inc., (NYSE:SKY) ("Champion Homes"), will release its earnings results for the second quarter fiscal 2025 after the market closes on Monday, October 28, 2024. Champion Homes will hold a conference call to discuss the results the following morning, Tuesday, October 29, 2024, at 8:00 A.M. Eastern Time. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of Champion Homes' website at ir.championhomes.com. The online replay will be available on the same website immediately following the call. The conference call can also be accessed by dialing (877) 407-4018 (domestic) or (international) and
10/8/24 9:00:00 AM ET
$SKY
Homebuilding
Consumer Discretionary
Champion Homes and Quartz Properties Boosts Asheville Housing Availability with New Community
Champion Homes and Quartz Properties are proud to announce the grand opening of Belle Meadow, a new 90-unit build-to-rent community in Asheville, NC. This development showcases the latest advancements in offsite and modular construction, offering a fresh solution to the region's housing availability needs. Nestled in the scenic Blue Ridge Mountains, Belle Meadow consists of 30 single-family homes and 30 duplexes (or 60 homes) across nearly 10 acres. "The Blue Ridge Mountains provide an inspiring backdrop for the innovative modular homes we're bringing to Asheville," said Mark Yost, President and CEO, Champion Homes. "We're thrilled to introduce Belle Meadow to this vibrant area." Each ho
9/11/24 4:15:00 PM ET
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Champion Homes Announces Second Quarter Fiscal 2025 Results
Champion Homes, Inc. (NYSE:SKY) ("Champion Homes") today announced financial results for its second quarter ended September 28, 2024 ("fiscal 2025"). Second Quarter Fiscal 2025 Highlights (compared to Second Quarter Fiscal 2024) Net sales increased 32.9% to $616.9 million U.S. homes sold increased 31.3% to 6,357 Total backlog increased 5.6% to $427 million from the sequential first quarter Average selling price ("ASP") per U.S. home sold increased 4.5% to $92,400 Gross profit margin expanded by 190 basis points to 27.0% Net income increased by 19.8% to $54.7 million Earnings per diluted share ("EPS") increased 19.0% to $0.94 Adjusted EBITDA increased 26.2% to $74.2 million
10/28/24 4:15:00 PM ET
$SKY
Homebuilding
Consumer Discretionary
Champion Homes Announces Second Quarter Fiscal Year 2025 Earnings Release Date and Conference Call
Champion Homes, Inc., (NYSE:SKY) ("Champion Homes"), will release its earnings results for the second quarter fiscal 2025 after the market closes on Monday, October 28, 2024. Champion Homes will hold a conference call to discuss the results the following morning, Tuesday, October 29, 2024, at 8:00 A.M. Eastern Time. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of Champion Homes' website at ir.championhomes.com. The online replay will be available on the same website immediately following the call. The conference call can also be accessed by dialing (877) 407-4018 (domestic) or (international) and
10/8/24 9:00:00 AM ET
$SKY
Homebuilding
Consumer Discretionary
Champion Homes Announces First Quarter Fiscal 2025 Results
Champion Homes, Inc., formerly known as Skyline Champion Corporation (NYSE:SKY) ("Champion Homes"), today announced financial results for its first quarter ended June 29, 2024 ("fiscal 2025"). Skyline Champion Corporation Changes Corporate Name Change to Champion Homes, Inc. First Quarter Fiscal 2025 Highlights (compared to First Quarter Fiscal 2024) Net sales increased 35.1% to $627.8 million U.S. homes sold increased 35.7% to 6,538 Total backlog increased 28.2% to $405 million from the sequential fourth quarter Average selling price ("ASP") per U.S. home sold increased 3.0% to $91,700 Gross profit margin contracted by 170 basis points to 26.2% Net income decreased by
8/6/24 4:10:00 PM ET
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Homebuilding
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Mavenir Appoints Erin Mulligan Nelson as Independent Director
Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, announced today the appointment of Erin Mulligan Nelson to its Board of Directors as an Independent Director, effective April 12. "We are pleased to welcome Erin to Mavenir's Board of Directors. Erin's vast experience in digital, software, applications, SaaS business models, and marketing will make her a valuable addition to the Board, particularly as Mavenir embraces new software business models," said Hubert De Pesquidoux, Executive Chairman of Mavenir and Executive Partner at Siris. "I am very pleased and honored to join Mav
4/12/22 9:00:00 AM ET
$SKY
Homebuilding
Consumer Discretionary
Skyline Champion Appoints VP of Manufacturing Technology
Skyline Champion Corporation (NYSE:SKY) ("Skyline Champion"), today announced that Dr. Roland Menassa has joined Skyline Champion as its first Vice President of Manufacturing Technology, a newly created position that will lead innovation and deployment of robotics and advanced automation, advanced process controls, and innovation in material handling systems. "We're excited to welcome Roland to Skyline Champion, and we look forward to the expertise that he brings to our organization as we continue to transform the way homes are bought and built," said Mark Yost, Skyline Champion's President and Chief Executive Officer. "Automating the future will help us improve employee safety and engagem
7/29/21 4:15:00 PM ET
$SKY
Homebuilding
Consumer Discretionary
Skyline Champion Appoints Chief Growth Officer
Skyline Champion Corporation (NYSE:SKY) ("Skyline Champion"), today announced that Tim Larson will join Skyline Champion as its first Chief Growth Officer, a newly created position that will lead development and delivery of the company's customer experience strategy and omni-channel platform. "We're excited to welcome Tim to Skyline Champion, and we look forward to the expertise that he will bring to our organization as we continue to grow the company and elevate our customer experience," said Mark Yost, Skyline Champion's President and Chief Executive Officer. "Skyline Champion is investing in its online digital experience, creating an end-to-end platform where consumers can design, confi
5/3/21 9:00:00 AM ET
$SKY
Homebuilding
Consumer Discretionary

Skyline Champion Q4 Adj $0.62 Misses $0.68 Estimate, Sales $536.36M Miss $560.92M Estimate

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Recent Analyst Ratings for $SKY

$SKY Press Releases

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Champion Homes Announces Second Quarter Fiscal 2025 Results

Champion Homes Announces Second Quarter Fiscal Year 2025 Earnings Release Date and Conference Call

Champion Homes and Quartz Properties Boosts Asheville Housing Availability with New Community

$SKY Financials

Live finance-specific insights

Champion Homes Announces Second Quarter Fiscal 2025 Results

Champion Homes Announces Second Quarter Fiscal Year 2025 Earnings Release Date and Conference Call

Champion Homes Announces First Quarter Fiscal 2025 Results

$SKY Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

CEO & President Yost Mark J. sold $2,596,023 worth of shares (30,000 units at $86.53) and gifted 5,868 shares, decreasing direct ownership by 16% to 191,459 units (SEC Form 4)

Affiliate of Director Mak Capital One Llc sold $25,485,165 worth of shares (283,500 units at $89.89) (SEC Form 4)

EVP Sales/Business Development Lyall Jonathan Wade sold $899,000 worth of shares (10,000 units at $89.90), decreasing direct ownership by 22% to 36,082 units (SEC Form 4)

$SKY Analyst Ratings

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Skyline Champion downgraded by Wedbush with a new price target

Skyline Champion downgraded by Barclays with a new price target

Skyline Champion downgraded by RBC Capital Mkts with a new price target

$SKY SEC Filings

SEC Form 10-Q filed by Champion Homes Inc.

Champion Homes Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

Champion Homes Inc. filed SEC Form 8-K: Other Events

$SKY Leadership Updates

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Mavenir Appoints Erin Mulligan Nelson as Independent Director

Skyline Champion Appoints VP of Manufacturing Technology

Skyline Champion Appoints Chief Growth Officer

$SKY Market Insights

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Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Also, strength may be due to trader optimism that the Fed will cut rates.

Shares of homebuilders, construction companies and housing-related stocks are trading lower after May housing starts and building permits came in below expectations.

Shares of homebuilders and building products companies are trading higher. Strength may be due to a drop in Treasury yields following soft May CPI data.

$SKY Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Champion Homes Inc.

SEC Form SC 13G/A filed by Skyline Champion Corporation (Amendment)

SEC Form SC 13G/A filed by Skyline Champion Corporation (Amendment)

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