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Apr 02, 2022
Skyline Champion Q4 2022 Earnings Report
Skyline Champion's Q4 2022 results showcased significant growth, driven by increased sales, improved profitability, and effective operational strategies.
Key Takeaways
Skyline Champion Corporation reported a strong fourth quarter in fiscal year 2022, with net sales increasing by 42.5% to $638.1 million and net income rising by 156.1% to $86.8 million. The company benefited from strong demand, increased production levels, and strategic pricing adjustments to offset inflation.
Net sales increased by 42.5% to $638.1 million.
U.S. homes sold increased by 11.1% to 6,580.
Net income increased by 156.1% to $86.8 million.
Average selling price per U.S. home increased by 30.7% to $87,800.
Skyline Champion
Skyline Champion
Forward Guidance
Skyline Champion's management expressed confidence in the company's ability to continue delivering value to customers and stakeholders, supported by increased capacity and investments in enhancing the customer's home-buying experience. The company is well-positioned to address the growing need for attainable housing.