secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000950170-23-036524
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyline Champion Q1 FY24 net sales down 36% to $464.8M; EPS $0.89 vs $2.04 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017023036524/0000950170-23-036524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017023036524/sky-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036524

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