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Skyline Champion Corporation reported a strong fourth quarter in fiscal year 2021, marked by substantial increases in net sales, U.S. home sales, average selling price, and net income. The company also completed the acquisition of ScotBilt Homes, contributing to its growth and expanded footprint.
Net sales increased by 48.6% to $447.6 million.
U.S. factory-built homes sold increased by 28.7% to 5,923.
Net income increased by 465.0% to $33.9 million.
Total backlog increased 573.7% to $858.6 million.
Skyline Champion is in an amazing position to capitalize on the demand for affordable housing solutions.
Visualization of income flow from segment revenue to net income