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Jul 03, 2021
Skyline Champion Q1 2022 Earnings Report
Reported strong sequential momentum with increased production and unit volume growth.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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