secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000950170-24-091834
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Champion Homes Q1 fiscal 2025: net sales up 35% to $627.8M; net income down 11% to $45.8M
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- Net sales increased 35.1% to $627.8M; U.S. homes sold up 35.7% to 6,538; ASP $91,700 (+3%).
- Gross margin contracted 170 bps to 26.2%; net income fell 10.7% to $45.8M ($0.79 diluted EPS).
- Adjusted EBITDA up 12.2% to $75.0M; adjusted EPS up 2.2% to $0.91.
- Backlog increased 28.2% sequentially to $405M; repurchased $20M shares in Q1.
- Board refreshed share repurchase program to $100M as of Aug 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017024091834/0000950170-24-091834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017024091834/sky-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-091834

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