secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0000950170-24-011238
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017024011238/0000950170-24-011238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017024011238/sky-20240205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-011238

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