Skyline Champion Q1 2022 Earnings Report
Key Takeaways
Skyline Champion Corporation announced strong first quarter fiscal 2022 results, with net sales increasing by 86.7% to $510.2 million and net income increasing by 260.4% to $42.9 million compared to the prior-year period. The company benefited from improved production levels, a full quarter's benefit from the ScotBilt acquisition, and operational improvements.
Net sales increased 86.7% to $510.2 million.
U.S. factory-built homes sold increased 58.2% to 6,372.
Total backlog increased by more than 500% to $1.2 billion.
Net income increased by 260.4% to $42.9 million.
Skyline Champion
Skyline Champion
Forward Guidance
Skyline Champion management will host a conference call tomorrow, August 4, 2021, at 9:00 a.m. Eastern Time, to discuss Skyline Champion’s financial results and an update on current operations.