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Champion Homes (SKY)
NYSE:SKY
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.78Last Year’s EPS
0.62Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 11.59%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with significant growth in net sales, homes sold, and improved financial metrics. However, some challenges were noted with order rate declines and increased SG&A expenses, as well as a decline in the Canadian market.Company Guidance
During the third quarter of fiscal 2025, Champion Homes experienced strong financial performance, with net sales increasing by 15.3% year-over-year to $645 million and homes sold rising by 13% to 6,646 units. The company reported a backlog of $313 million, up 8% from the previous year, despite a normal seasonal slowdown contributing to a 27% sequential decline in backlog. Champion Homes anticipates fourth-quarter revenue growth in the low double digits compared to the same period last year, aligning with pre-earnings fourth-quarter consensus. The company achieved a consolidated gross profit increase of 28% to $181 million, with gross margins expanding by 280 basis points to 28.1%. Adjusted EBITDA for the quarter was $83 million, reflecting a 12.9% margin, and net income attributable to Champion Homes rose by 31% to $62 million, or $1.06 per diluted share. Champion Homes remains focused on expanding its retail and direct-to-consumer capabilities while navigating a dynamic tariff environment and continues its commitment to affordable housing across U.S. and Canadian markets.Record Net Sales Growth
Year-over-year net sales increased 15.3% to $645 million in Q3.
Increase in Homes Sold
Homes sold during the period increased by 13%, totaling 6,646 homes.
Strong Backlog Position
Backlog at the end of Q3 was $313 million, up 8% from the same period last year.
Successful Regional Homes Acquisition
The acquisition contributed to organic growth and was described as a testament to the combined organizations' customer-centric approach.
Improved Gross Margin
Consolidated gross profit increased 28% to $181 million, with gross margin expanding 280 basis points from the prior-year period.
Strong Cash Position
Champion Homes had $582 million in cash and cash equivalents with a long-term borrowing of $25 million, reflecting strong financial health.
Shareholder Returns
Returned $20 million in share repurchase and approved the replenishment of a $100 million share repurchase authority.
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SKY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $92.75 | $105.27 | +13.50% |
| Oct 28, 2024 | $90.85 | $89.44 | -1.55% |
| Aug 06, 2024 | $74.45 | $82.72 | +11.11% |
| May 21, 2024 | $77.68 | $71.96 | -7.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Champion Homes (SKY) report earnings?
Champion Homes (SKY) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is Champion Homes (SKY) earnings time?
Champion Homes (SKY) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKY EPS forecast?
SKY EPS forecast for the fiscal quarter 2025 (Q4) is 0.78.
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