Skyline Champion Corporation - SKY STOCK NEWS

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.

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.

Skyline Champion Corporation (NYSE: SKY) announced its third-quarter fiscal 2024 financial results, revealing a 3.9% decrease in net sales, 1.8% decrease in U.S. homes sold, 12.6% increase in total backlog, and a 460 basis point contraction in gross profit margin. The company's net income decreased by 43.3% to $47.0 million, while adjusted EBITDA decreased 39.2% to $66.3 million. Despite these declines, Skyline Champion expanded its capacity, closed the acquisition of Regional Homes, and launched a captive joint venture, Champion Financing. The need for housing remains strong, and the company continues to position itself to better serve the needs of its customers.

Skyline Champion Corporation (NYSE: SKY) will release its third quarter fiscal 2024 earnings results on February 5, 2024, followed by a conference call the next day. Interested parties can access the webcast on the company's website or join the call via phone. The online replay will be available immediately after the call, and a telephonic replay will be accessible for international callers as well. The passcode for both the live call and the replay is 13743591.

Skyline Champion Corporation (NYSE: SKY) reported a decrease in net sales of 42.5% to $464.2 million for the second quarter fiscal 2024. The number of U.S. homes sold decreased by 33.4% to 4,842, and the ASP per U.S. home sold decreased by 14.8% to $88,400. Gross profit margin contracted by 890 basis points to 25.1%. Net income decreased by 68.3% to $45.7 million, and adjusted earnings per share decreased by 67.3% to $0.82. Adjusted EBITDA decreased by 70.2% to $58.8 million.

Champion Home Builders and Champion Retail Housing, subsidiaries of Skyline Champion Corporation, have closed their acquisition of Regional Enterprises LLC and related companies. The purchase price was approximately $313 million, net of cash acquired, plus assumed debt of $93 million. The transaction is expected to generate solid returns and strengthen Skyline Champion's market positioning.

Skyline Champion Corporation to release Q2 fiscal 2024 earnings results