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Dec 26, 2020
Skyline Champion Q3 2021 Earnings Report
Skyline Champion's financial performance increased in Q3 2021, driven by sales growth and strong demand.
Key Takeaways
Skyline Champion Corporation reported a 10.3% increase in net sales to $377.6 million for the third quarter of fiscal year 2021. Net income rose by 26.8% to $21.6 million, with earnings per share increasing to $0.38. The company's backlog increased significantly to $488.5 million, reflecting strong order levels.
Net sales increased by 10.3% to $377.6 million.
U.S. factory-built homes sold increased by 6.2% to 5,343.
Total backlog increased by 267.1% to $488.5 million.
Net income increased by 26.8% to $21.6 million.
Forward Guidance
Skyline Champion is focused on increasing capacity utilization and automation to meet strong long-term housing demand, enhanced by investments in online design and quoting solutions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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