Skyline Champion Announces Fourth Quarter and Full Year Fiscal 2024 Results; Announces New $100 Million Share Repurchase Program
Champion Homes, Inc. (SKY)
Last champion homes, inc. earnings: 1/28 04:10 pm
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US:NYSE Investor Relations:
skylinecorp.com/?q=node/33
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Source: Business Wire
TROY, Mich.--(BUSINESS WIRE)--Skyline Champion Corporation (NYSE: SKY) (“Skyline Champion”) today announced financial results for its fourth quarter and full year ended March 30, 2024 (“fiscal 2024”).Fourth Quarter Fiscal 2024 Highlights (compared to Fourth Quarter Fiscal 2023)1Net sales increased 9.1% to $536.4 millionU.S. homes sold increased 15.3% to 5,652Total backlog increased 8.7% to $315.8 million from the sequential third quarterAverage selling price (“ASP”) per U.S. home sold decreased 3.1% to $89,800Gross profit margin contracted by 1,040 basis points to 18.3%Recorded $34.5 million of estimated remediation costs for water intrusion issuesAdjusted gross profit margin contracted by 390 basis points to 24.8%Net income of $2.8 millionAdjusted net income decreased 37.7% to $36.0 millionAdjusted Earnings per share (“Adjusted EPS”) decreased 38.6% to $0.62Adjusted EBITDA decreased 30.2% to $53.1 millionAdjusted EBITDA margin contracted by 560 basis points to 9.9%1. This release
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SKY
Earnings
- 8/6/24 - Beat
SKY
Sec Filings
- 9/12/24 - Form 4
- 9/10/24 - Form 144
- 9/6/24 - Form 4
- SKY's page on the SEC website