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Stock impact report

Skyline Champion Announces First Quarter Fiscal 2020 Results

Champion Homes, Inc. (SKY) 
Last champion homes, inc. earnings: 1/28 04:10 pm Check Earnings Report
US:NYSE Investor Relations: skylinecorp.com/?q=node/33
Company Research Source: Business Wire
ELKHART, Ind.--(BUSINESS WIRE)--Skyline Champion Corporation (NYSE:SKY) (“Skyline Champion”) today announced financial results for its first quarter ended June 29, 2019 of the fiscal year ending March 28, 2020 (“fiscal 2020”).First Quarter Fiscal 2020 Highlights (compared to First Quarter Fiscal 2019)Net sales increased 15% to $371.9 millionTotal U.S. homes sold increased 20% to 5,448Gross profit as a percent of sales expanded by 330 basis points to 20.4%Net income of $17.4 million, compared to a net loss of $0.9 millionEPS of $0.31; excluding non-recurring expenses, Adjusted EPS was $0.35Adjusted EBITDA increased 41% to $32 millionAdjusted EBITDA margin expanded by 150 basis points to 8.6%Net cash provided by operating activities increased to $26.8 million from $4.3 million“We are off to a good start to our fiscal year 2020 with double digit topline growth, margin expansion and a significant increase in cash flow,” said Mark Yost, Skyline Champion’s Chief Executive Officer. “Reve Show less Read more
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