Skyline Champion Corporation - SKY STOCK NEWS

Champion Homes has unveiled The Neighborhood Village (TNV) in Goshen, California, marking a significant milestone in addressing homelessness. The development, which opened on September 26, 2024, features 53 residential units across 6.5 acres, constructed at Champion's Lindsay facility under the Redman Homes brand.

This first-of-its-kind permanent supportive housing community includes amenities like a park, library, and outdoor theater, along with on-site wellness programs and job training opportunities. The project is a collaboration between Salt + Light Works and Self Help Enterprises, supported by various local organizations and government agencies.

The development is now at full capacity, offering a new model for addressing chronic homelessness through comprehensive support services and community integration.

Champion Homes (NYSE: SKY) reported strong Q2 fiscal 2025 results with net sales increasing 32.9% to $616.9 million. U.S. homes sold rose 31.3% to 6,357 units, while ASP per U.S. home increased 4.5% to $92,400. The company achieved a gross profit margin of 27.0%, expanding 190 basis points year-over-year. Net income grew 19.8% to $54.7 million, with EPS rising 19% to $0.94. Total backlog increased 5.6% to $427 million from the previous quarter. The company maintained strong liquidity with $570.2 million in cash and repurchased $20 million of shares during the quarter.

Champion Homes (NYSE: SKY) has announced the release date for its second quarter fiscal year 2025 earnings report. The company will disclose its financial results after the market closes on Monday, October 28, 2024. Following this, Champion Homes will host a conference call on Tuesday, October 29, 2024, at 8:00 A.M. Eastern Time to discuss the results.

Investors and interested parties can participate in the conference call through various means:

• Webcast: Available on the Investor Relations section of Champion Homes' website at ir.championhomes.com
• Phone: Dial (877) 407-4018 (domestic) or (201) 689-8471 (international)

A replay of the call will be accessible until November 12, 2024, by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international), using the passcode 13749107.

Champion Homes and Quartz Properties have unveiled Belle Meadow, a 90-unit build-to-rent community in Asheville, NC. This development showcases offsite and modular construction techniques, offering a solution to the region's housing availability needs. Belle Meadow comprises 30 single-family homes and 30 duplexes across nearly 10 acres in the Blue Ridge Mountains.

Each home features four bedrooms, three bathrooms, and averages 1,600 sq. ft. The project demonstrates the efficiency of modular construction, with homes built off-site and finished on location. Notably, the community is opening for tenants just 6 months after the first home was set, with all 90 homes expected to be completed within one year of starting vertical construction.

Champion Homes, formerly Skyline Champion (NYSE: SKY), reported strong Q1 fiscal 2025 results. Highlights include:

- 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
- Average selling price per U.S. home rose 3.0% to $91,700
- Net income decreased 10.7% to $45.8 million
- Adjusted EBITDA increased 12.2% to $75.0 million

The company experienced increased demand, reflecting benefits from strategic investments in retail expansion and addressing the growing need for attainable housing. However, gross profit margin contracted by 170 basis points to 26.2%, and SG&A expenses increased due to acquisitions and higher variable compensation.

Champion Homes (NYSE: SKY) has appointed Laurel Krueger as Senior Vice President, General Counsel and Secretary, effective August 1, 2024. Krueger brings over 20 years of experience in corporate governance, securities law, and regulatory compliance. She previously held leadership roles at Express, Inc. and Kontoor Brands, Inc.

CEO Mark Yost praised Krueger's extensive background and alignment with Champion Homes' values. The appointment follows the retirement of Robert M. Spence, who served in the same role for five years. Yost acknowledged Spence's contributions, particularly in strategic expansion initiatives such as the acquisition of Regional Homes and investment in ECN Capital.

Skyline Homes, a Champion Homes brand, has been named America's Most Trusted® Manufactured Home Builder for the fourth consecutive year. With a Net Trust Quotient Score of 98.5, Skyline Homes secured the highest trust rating among prominent builders in the manufactured home industry.

Trust is important in today's competitive housing landscape, as it influences customer purchases, long-term brand commitment, and referrals. Skyline Homes builds trust through:

• Designing homes to enhance buyers' lifestyles
• Dedication to quality materials
• Exhaustive quality control process
• Ongoing customer support beyond closing

Champion Homes President and CEO Mark Yost emphasized the company's commitment to excellence in quality, customer experience, and satisfaction.

Skyline Champion (NYSE: SKY) has announced the release date for its first quarter fiscal 2025 earnings results. The company will disclose its financial performance after the market closes on Tuesday, August 6, 2024. Following this, Skyline Champion will host a conference call on Wednesday, August 7, 2024, at 9:00 A.M. Eastern Time to discuss the results.

Investors and interested parties can access the live conference call through a webcast on the Investor Relations section of Skyline Champion's website. Alternatively, they can dial in using the provided domestic and international phone numbers. A replay of the call will be available until August 21, 2024, accessible via phone or the company's website.

Champion Homes has been honored for the tenth year in a row with the Manufactured Housing Institute's (MHI) Excellence in Manufactured Housing Award. The company received accolades in two categories: Modular Housing Design and Manufactured Home Design - CrossMod®. This brings Champion's total design awards to 24 over recent years.

President and CEO Mark Yost attributed the success to the collaborative efforts of the Champion team. He emphasized that design is a priority for homebuyers who seek homes with striking features and superior craftsmanship. The award-winning models include features like open layouts, luxurious primary suites, and sophisticated kitchens with premium finishes.

The Westridge 1203CT model from Skyline Homes features an open layout, a primary bedroom with a walk-in closet, and a spa-inspired en-suite bathroom. The Atlantic model from Excel Homes offers four bedrooms, five bathrooms, a navy blue kitchen island with brass details, and a fireplace.

Yost emphasized the significance of MHI's history and industry knowledge, stating that these honors are especially meaningful. MHI received over 80 submissions in 18 categories, and winners were chosen by peers and an independent panel of experts. For more information, visit ChampionHomes.com.