secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0000950170-24-062895
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyline Champion Q4 net sales up 9.1% to $536M; adj EPS falls 38.6% to $0.62; $100M buyback authorized
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017024062895/0000950170-24-062895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017024062895/sky-20240516.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-062895

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