earnings
confidence high
sentiment negative
materiality 0.75
Skyline Champion Q4 net sales up 9.1% to $536M; adj EPS falls 38.6% to $0.62; $100M buyback authorized
Champion Homes, Inc.
2024-FY EPS reported
$2.53
revenue$2,024,823,000
- Net sales $536.4M, up 9.1% YoY; U.S. homes sold up 15.3% to 5,652.
- Adjusted EPS fell 38.6% to $0.62; net income only $2.8M due to $34.5M remediation costs for water intrusion.
- Gross margin contracted 1,040 bps to 18.3%; adjusted gross margin contracted 390 bps to 24.8%.
- Total backlog up 8.7% sequentially to $315.8M.
- Board authorized $100 million share repurchase program.