earnings
confidence high
sentiment positive
materiality 0.85
Skyline Champion Q2 FY2023 net sales up 53.9% to $806.8M; EPS $2.51, adj. EBITDA margin 24.4%
Champion Homes, Inc.
2023-Q2 EPS reported
$4.55
revenue$1,532,706,000
- Net sales $806.8M (+53.9% YoY); US homes sold 7,274 (+23.2%).
- GAAP EPS $2.51 (vs $0.89); net income $144.1M (+184.1%).
- Gross margin expanded 930 bps to 34.0%; adj. EBITDA margin 24.4% (+1,050 bps).
- Backlog fell 40.5% to $0.8B due to higher production and retailer destocking.
- Cash $677M; acquired 12 retail sales centers in the quarter.