Welcome to our dedicated page for Skyline Champion Corporation news (Ticker: SKY), a resource for investors and traders seeking the latest updates and insights on Skyline Champion Corporation stock.
Skyline Champion Corporation (symbol: SKY), founded in 1951 in Elkhart, Indiana, is a leading factory-built housing company in North America. Initially known for producing affordable mobile homes, Skyline has evolved to offer a diverse portfolio of manufactured and modular homes, park model RVs, accessory dwelling units (ADUs), and modular buildings. These products serve a variety of sectors, including multi-family, hospitality, senior, and workforce housing.
Over its 50-plus years of operation, Skyline has built more than 870,000 homes and 460,000 recreational vehicles, establishing a reputation for quality and integrity. The company is committed to delivering the best products at competitive prices, maintaining strong relationships with communities, suppliers, and retailers. Notable brand names under Skyline Champion include Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes in the U.S., as well as Moduline and SRI Homes in Canada.
Skyline Champion's operations are primarily focused on the U.S. factory-built housing segment, which generates the majority of its revenue. The company continues to innovate and expand its offerings to meet the evolving needs of its customers.
Recent Achievements and Current Projects:
- Recent Acquisitions: Skyline Champion has made strategic acquisitions to expand its market reach and product offerings.
- Financial Stability: The company is financially stable, with strong revenue growth and profitability.
- Partnerships: Collaborations with key stakeholders to enhance product quality and customer satisfaction.
For the latest updates and news on Skyline Champion Corporation, please refer to the news section below.
Skyline Champion (NYSE: SKY) announced its Q4 and full-year fiscal 2024 results. Q4 net sales rose 9.1% to $536.4M, with U.S. homes sold increasing by 15.3% to 5,652. However, gross profit margin decreased significantly by 1,040 basis points to 18.3%, impacted by $34.5M in remediation costs for water intrusion issues.
Adjusted net income fell 37.7% to $36M, and adjusted EPS decreased 38.6% to $0.62. For the full year, net sales dropped 22.3% to $2B, with net income dipping 63.5% to $146.7M, primarily due to lower home sales and higher SG&A expenses.
The company announced a $100M share repurchase program to enhance shareholder value.
Skyline Champion (NYSE: SKY) has announced that it will release its earnings results for the fourth quarter and full year 2024 on May 21, 2024. The company will hold a conference call on May 22, 2024, to discuss the results. Investors can listen to the call via webcast or by dialing in. The replay will be available on the company's website.
FAQ
What is the current stock price of Skyline Champion Corporation (SKY)?
What is the market cap of Skyline Champion Corporation (SKY)?
What does Skyline Champion Corporation do?
When was Skyline Champion Corporation founded?
What are some of the brand names under Skyline Champion?
What sectors does Skyline Champion serve?
How many homes and RVs has Skyline built?
Where does Skyline Champion generate most of its revenue?
What recent achievements has Skyline Champion made?
What is the company’s reputation based on?
What type of products does Skyline Champion offer?
Where can I find the latest news about Skyline Champion Corporation?
