secwatch.observer — SEC 8-K summary
======================================

Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0000950170-22-013880
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyline Champion Q1 FY2023 net sales $725.9M (+42%), EPS $2.04, adj. EBITDA margin 22.4%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017022013880/0000950170-22-013880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017022013880/sky-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013880

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer