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Sep 30, 2023

Skyline Champion Q2 2024 Earnings Report

Skyline Champion's financial performance declined due to decreased net sales and lower gross profit.

Key Takeaways

Skyline Champion reported a decrease in net sales by 42.5% to $464.2 million and a decrease in net income by 68.3% to $45.7 million compared to the prior-year period. The company's performance was impacted by lower U.S. homes sold and a decrease in average selling price.

Net sales decreased 42.5% to $464.2 million.

U.S. homes sold decreased 33.4% to 4,842.

Average selling price per U.S. home sold decreased 14.8% to $88,400.

Net income decreased by 68.3% to $45.7 million.

Total Revenue
$464M
Previous year: $807M
-42.5%
EPS
$0.82
Previous year: $2.51
-67.3%
U.S. homes sold
4.84K
Previous year: 7.27K
-33.4%
U.S. avg. home price
$88.4K
Previous year: $104K
-14.8%
Gross Profit
$116M
Previous year: $274M
-57.5%
Cash and Equivalents
$701M
Previous year: $677M
+3.6%
Free Cash Flow
$41.8M
Previous year: $215M
-80.6%
Total Assets
$1.67B
Previous year: $1.51B
+10.7%

Skyline Champion

Skyline Champion

Forward Guidance

No specific forward guidance was provided in the press release.