earnings
confidence high
sentiment negative
materiality 0.85
Skyline Champion Q1 FY24 net sales down 36% to $464.8M; EPS $0.89 vs $2.04 YoY
Champion Homes, Inc.
2023-Q1 EPS reported
$0.89
revenue$464,769,000
- Net sales fell 36% to $464.8M; US homes sold down 29.3% to 4,817; ASP down 8.2% to $89,000.
- Net income decreased 56.2% to $51.3M; diluted EPS $0.89 (down 56.4% YoY).
- Adjusted EBITDA fell 58.9% to $66.8M; margin contracted 800 bps to 14.4%.
- Gross profit margin 27.9% vs 31.6% YoY; absence of $82.5M FEMA sales weighed on results.
- Backlog $260M, down 15.7% sequentially; cash and equivalents $797.7M, up $50.3M QoQ.