Skyline Champion Q3 net sales +8.9% to $582M; EPS $1.44 +22%; backlog down 35%

Champion Homes, Inc.

2023-Q3 EPS reported $6.00 revenue$2,115,028,000

Net income $82.8M (+22.5% YoY); diluted EPS $1.44 vs $1.18 prior year.
U.S. homes sold 5,749 (-1.4% YoY); backlog fell to $532M from $814M sequentially.
ASP per U.S. home rose 13.5% to $94,200; gross margin expanded 50bps to 29.9%.
Adjusted EBITDA margin 18.7% (+60bps); cash and equivalents $712.4M.
Retailer destocking drove backlog normalization; momentum driven by price increases and retail expansion.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Champion Homes, Inc. reported third quarter ended December 31, 2022 results: revenue $582.3 million, net income $82.8 million, EPS $1.44.

Period: third quarter ended December 31, 2022
Revenue: $582.3 million
Net income: $82.8 million
EPS: $1.44
Result: reported results

Exact text from the filing

results for its third quarter ended December 31, 2022 (“fiscal 2023”). Third Quarter Fiscal 2023 Highlights (compared to Third Quarter Fiscal 2022) · Net sales increased 8.9% to $582.3 million · U.S. homes sold decreased 1.4% to 5,749 · Total backlog decreased 34.6% to $532 million from the sequential second quarter · Average selling price (“ASP”) per U.S. home sold

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Source: SEC EDGAR

accession 0000950170-23-001887

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