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Jul 01, 2023
Skyline Champion Q1 2024 Earnings Report
Skyline Champion's Q1 2024 results reflected continued execution on operational initiatives amidst shifts in demand.
Key Takeaways
Skyline Champion Corporation reported a decrease in net sales by 36.0% to $464.8 million and a decrease in net income by 56.2% to $51.3 million compared to the prior-year period. The number of U.S. homes sold decreased by 29.3% to 4,817, and the average selling price per U.S. home sold decreased by 8.2% to $89,000. The company's cash and cash equivalents increased to $797.7 million.
Net sales decreased by 36.0% to $464.8 million.
U.S. homes sold decreased by 29.3% to 4,817.
Net income decreased by 56.2% to $51.3 million.
Cash and cash equivalents increased to $797.7 million.
Skyline Champion
Skyline Champion
Forward Guidance
No specific forward guidance was provided in the document.