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Dec 31, 2022

Skyline Champion Q3 2023 Earnings Report

Reported solid sales and earnings growth.

Key Takeaways

Skyline Champion Corporation announced financial results for its third quarter ended December 31, 2022. Net sales increased 8.9% to $582.3 million compared to the prior-year period, and net income increased by 22.5% to $82.8 million.

Net sales increased 8.9% to $582.3 million.

U.S. homes sold decreased 1.4% to 5,749.

Average selling price per U.S. home sold increased 13.5% to $94,200.

Net income increased by 22.5% to $82.8 million.

Total Revenue
$582M
Previous year: $535M
+8.9%
EPS
$1.44
Previous year: $1.18
+22.0%
U.S. homes sold
5.75K
Previous year: 5.83K
-1.4%
U.S. avg. home price
$94.2K
Previous year: $83K
+13.5%
Gross Profit
$174M
Previous year: $157M
+10.7%
Cash and Equivalents
$712M
Previous year: $382M
+86.4%
Free Cash Flow
$72.9M
Previous year: $67.8M
+7.5%
Total Assets
$1.51B
Previous year: $1.07B
+41.5%

Skyline Champion

Skyline Champion

Forward Guidance

No specific forward guidance was provided in the press release.