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Oct 01, 2022
Skyline Champion Q2 2023 Earnings Report
Reported strong sales and earnings growth, driven by increased capacity, improved production levels, and strategic initiatives.
Key Takeaways
Skyline Champion Corporation announced strong second quarter fiscal 2023 results, with net sales increasing by 53.9% to $806.8 million and net income increasing by 184.1% to $144.1 million compared to the prior-year period. The company's performance was driven by increased capacity, improved production levels, and strategic initiatives.
Net sales increased 53.9% to $806.8 million.
U.S. homes sold increased 23.2% to 7,274.
Gross profit margin expanded by 930 basis points to 34.0%.
Net income increased by 184.1% to $144.1 million.
Forward Guidance
Skyline Champion believes it can continue to outperform the broader housing industry due to attractive price points, product offerings, enhanced production capabilities and future growth opportunities as more people become buyers of our homes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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