Skyline Champion Q3 sales down 3.9%, net income down 43.3%; backlog up 12.6% sequentially

Champion Homes, Inc.

2023-Q3 EPS reported $2.49 revenue$1,488,460,000

Net sales $559.5M, down 3.9% YoY; U.S. homes sold 5,643, down 1.8%.
Net income $47.0M ($0.81 EPS), down 43.3% and 43.8% YoY respectively.
Adjusted EBITDA $66.3M (11.8% margin), down 39.2% YoY; gross margin contracted 460 bps to 25.3%.
Closed acquisition of Regional Homes; launched captive JV Champion Financing; opened Bartow, FL plant.
Cash $497.9M, down $203.2M from prior quarter largely due to Regional Homes acquisition.

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 third quarter ended December 30, 2023 results: revenue $559.5 million, net income $47.0 million, EPS $0.81.

Period: third quarter ended December 30, 2023
Revenue: $559.5 million
Net income: $47.0 million
EPS: $0.81
Result: reported results

Exact text from the filing

December 30, 2023 (“fiscal 2024”). Third Quarter Fiscal 2024 Financial Highlights (compared to Third Quarter Fiscal 2023 unless otherwise noted) · Net sales decreased 3.9% to $559.5 million · U.S. homes sold decreased 1.8% to 5,643 · Total backlog increased 12.6% to $290.4 million compared to the sequential second quarter · Average selling price (“ASP”) per U.S.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

Champion Homes, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-011238

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.