earnings
confidence high
sentiment positive
materiality 0.85
Skyline Champion Q1 FY2023 net sales $725.9M (+42%), EPS $2.04, adj. EBITDA margin 22.4%
Champion Homes, Inc.
2023-Q1 EPS reported
$2.04
revenue$725,881,000
- Net sales rose 42.3% to $725.9M; U.S. homes sold up 6.9% to 6,813; ASP increased 35.1% to $97,000.
- Net income surged 173.1% to $117.2M; GAAP EPS $2.04 vs $0.75; gross margin expanded 970bps to 31.6%.
- Adjusted EBITDA grew 159.4% to $162.7M; adjusted EBITDA margin expanded 1,010bps to 22.4%.
- Backlog stood at $1.4B, with cash of $463.8M; management cited operational efficiencies and FEMA sales.