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 Corporation (NYSE: SKY) reported robust financial results for Q4 and full year FY2021, marked by a 48.6% increase in net sales to $447.6 million. U.S. factory-built homes sold surged 28.7% to 5,923, with a backlog growth of 573.7% to $858.6 million. Gross profit margin expanded to 22.1%, with net income soaring 465% to $33.9 million and EPS increasing to $0.60. For the full year, net sales totaled $1,420.9 million, up 3.7% year-over-year, with net income elevating 46% to $84.9 million. The acquisition of ScotBilt Homes strengthened their market position.
Skyline Champion Corporation (NYSE: SKY) will announce its fourth quarter and full year 2021 earnings after market close on May 25, 2021. A conference call to discuss the results is scheduled for May 26, 2021, at 8:00 A.M. ET. Interested parties can access the call via the Investor Relations section of Skyline Champion’s website. The company, North America's largest independent factory-built housing firm, operates over 40 manufacturing facilities and employs more than 7,000 people, serving various housing sectors.
Skyline Champion Corporation (NYSE: SKY) has appointed Tim Larson as its first Chief Growth Officer to spearhead the company’s customer experience strategy and omni-channel platform. Mark Yost, CEO, expressed enthusiasm for Larson's expertise, anticipating growth in consumer engagement through an enhanced digital platform for home customization. Larson's background includes significant contributions at Polaris Industries and Jostens, which should bolster Skyline Champion’s customer-focused initiatives. The company, a leader in factory-built housing in North America, aims to leverage Larson's experience to generate industry-leading solutions.
Skyline Champion has been awarded two Jerry Rouleau Awards for Excellence in Home Design by the National Association of Home Builders, recognizing its leadership in offsite construction. Awarded on March 4 during a virtual ceremony, Skyline Champion's Wellfleet modular home won in the under 2,000 sq-ft category, while The Corner, a multi-family project in Detroit, received the Multi-family Entry of Distinction. Skyline Champion, NYSE:SKY, is a leading factory-built housing company in North America, operating 40 manufacturing facilities and employing over 7,000 people.
Skyline Champion announced the acquisition of ScotBilt Homes from SHI Group Holdings. ScotBilt, known for affordable housing, shipped over 1,600 homes in 2020 across southeastern states. This acquisition aligns with Skyline's strategy for profitable growth, enhancing their footprint in the mid-south region and leveraging ScotBilt's manufacturing efficiencies. CEO Mark Yost emphasized the transaction's potential for immediate shareholder value creation, benefiting from ScotBilt's established client base and margin profile. The move reflects a commitment to maintain ScotBilt’s brand integrity and operational principles.
Skyline Champion Corporation (NYSE:SKY) reported its third-quarter fiscal 2021 results, showing a **10.3%** increase in net sales to **$377.6 million**. U.S. factory-built homes sold rose **6.2%** to **5,343**, with an average selling price (ASP) of **$63,000**. Despite these gains, gross profit margin fell by **110 basis points** to **19.0%** due to rising material costs. Net income grew **26.8%** to **$21.6 million**, with adjusted EPS increasing to **$0.38**. The total backlog surged **267.1%** to **$488.5 million**, highlighting strong future demand.
Skyline Champion Corporation (NYSE:SKY) will announce its earnings for the third quarter of fiscal 2021 on February 1, 2021, with a follow-up conference call on February 2, 2021, at 8:00 A.M. ET. The company, formed in June 2018 through the merger of Skyline Corporation and Champion Enterprises Holdings, operates 38 manufacturing facilities in North America and employs around 6,700 people. Skyline Champion specializes in factory-built housing and offers a diverse portfolio of manufactured and modular homes.
Skyline Champion reported its second quarter fiscal 2021 results, posting a 9.1% decrease in net sales, totaling $322.4 million. U.S. factory-built homes sold fell 6.7%, but backlog surged 126.8% to $390.1 million. Gross profit margin declined to 19.5% from 20.9%, affected by rising material costs. Net income slightly decreased to $17.5 million, while Adjusted EBITDA dropped 10.9% to $28.9 million. The company highlighted strong order levels and cash flow growth, indicating improved demand.
Skyline Champion Corporation (NYSE: SKY) will announce its earnings results for Q2 FY 2021 on October 27, 2020, after market close. A conference call is scheduled for October 28, 2020, at 8:00 A.M. ET, where the company will discuss its financial performance. The call can be accessed via their Investor Relations website and a replay will be available after the call's conclusion. Skyline Champion, formed from the merger of Skyline Corporation and Champion Enterprises, operates 38 manufacturing facilities and employs around 6,700 people in North America.
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?
