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Oct 02, 2021
Skyline Champion Q2 2022 Earnings Report
Skyline Champion's Q2 2022 financial performance was marked by substantial growth in net sales, U.S. factory-built homes sold, and average selling price, alongside significant improvements in gross profit margin and net income.
Key Takeaways
Skyline Champion Corporation reported a strong second quarter for fiscal year 2022, with net sales increasing by 62.6% to $524.2 million. The company saw increases in U.S. factory-built homes sold and average selling price, along with a significant expansion in gross profit margin and a substantial rise in net income.
Net sales increased significantly by 62.6% reaching $524.2 million.
U.S. factory-built homes sold increased by 25.9% with a total of 5,902 homes sold.
The average selling price per U.S. home increased by 32.3% to $79,900.
Net income saw a substantial increase of 189.7% to $50.7 million.
Skyline Champion
Skyline Champion
Forward Guidance
The company anticipates that the challenging supply environment will continue into next year.