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Skyline Champion Corp. (SKY)
:SKY
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.8Last Year’s EPS
0.82Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -0.26%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant growth in home sales and successful integration of Regional Homes. Despite challenges from hurricanes and a seasonal softening of orders, the company remains well-positioned for future growth, supported by strategic financing initiatives and a robust cash position.Company Guidance
During the Champion Homes Second Quarter Fiscal 2025 earnings call, several key metrics were highlighted that reflect the company's performance and future outlook. The call revealed a 33% increase in net sales, reaching $617 million, with U.S. factory-built housing revenue climbing 37%. The number of homes sold in the U.S. rose by 31% to 6,357 units compared to the prior year. The average selling price per U.S. home increased by 4.5% to $92,400, contributing to a consolidated gross profit rise of 43% to $166 million, while the gross margin expanded by 190 basis points to 26.0%. Despite a sequential revenue drop of $12 million from the first fiscal quarter, the backlog grew by $23 million, culminating in a total backlog of $427 million. The company anticipates a slight decline in top-line performance for the third quarter, with projections of a mid-single-digit sequential decrease due to timing disruptions from recent hurricanes. However, Champion Homes remains optimistic about long-term demand, particularly in regions affected by the hurricanes, where they expect to play a crucial role in rebuilding efforts.Significant Increase in Home Sales
Home sales increased 29% year-over-year to 6,536 units, with a 14% increase in organic sales orders.
Strong Financial Performance
Net sales increased 33% to $617 million. U.S. factory-built housing revenue increased 37%, and gross profit increased 43% to $166 million.
Successful Integration of Regional Homes
Achieved upper limit of synergy targets from the Regional Homes acquisition a year ahead of schedule.
Expansion in Financing Options
Launched new financing options with Triad Financial, enhancing home buying solutions and financing accessibility.
Strong Cash Position and Share Repurchases
Generated $60 million in operating cash flows and repurchased $20 million in shares, with $100 million share repurchase authority approved.
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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 |
|---|---|---|---|
| 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% |
| Feb 05, 2024 | $71.05 | $79.54 | +11.95% |
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 Skyline Champion Corp. (SKY) report earnings?
Skyline Champion Corp. (SKY) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Skyline Champion Corp. (SKY) earnings time?
Skyline Champion Corp. (SKY) earnings time is at Feb 04, 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 (Q3) is 0.8.
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