secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000950170-23-056868
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017023056868/0000950170-23-056868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017023056868/sky-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056868

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer