Skyline Champion Q2 FY2024: sales down 42.5% to $464M; net income down 68% to $45.7M

Champion Homes, Inc.

2023-Q2 EPS reported $1.68 revenue$929,005,000

Net sales $464.2M (-42.5% YoY); U.S. homes sold 4,842 (-33.4%); ASP $88,400 (-14.8%).
Gross margin fell 890 bps to 25.1%; adjusted EBITDA margin down 1,170 bps to 12.7%.
Adjusted EPS $0.82 (-67.3%); net cash from ops $54.3M; cash $701.2M.
Announced strategic investment in ECN Capital & formation of Champion Financing; closed Regional Homes acquisition.
Total backlog $257.8M, down 0.7% sequentially from Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Champion Homes, Inc. reported second quarter ended September 30, 2023 results: revenue $464.2 million, net income $45.7 million.

Period: second quarter ended September 30, 2023
Revenue: $464.2 million
Net income: $45.7 million
Result: reported results

Exact text from the filing

ended September 30, 2023 (“fiscal 2024”). Second Quarter Fiscal 2024 Highlights (compared to Second Quarter Fiscal 2023 unless otherwise noted) · Net sales decreased 42.5% to $464.2 million · U.S. homes sold decreased 33.4% to 4,842 · Total backlog decreased 0.7% to $257.8 million compared to the sequential first quarter · Average selling price (“ASP”) per U.S. home

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Source: SEC EDGAR

accession 0000950170-23-056868

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