Skyline Champion Q4 2024 Earnings Report
Key Takeaways
Skyline Champion's Q4 2024 saw a 9.1% increase in net sales to $536.4 million and a 15.3% rise in US homes sold, driven by the Regional Homes acquisition. However, gross profit margin contracted significantly due to remediation costs for water intrusion issues, leading to a 95.2% decrease in net income to $2.8 million. The company also announced a new $100 million share repurchase program.
Net sales increased by 9.1% to $536.4 million compared to the prior-year period.
U.S. homes sold increased by 15.3% to 5,652, influenced by the Regional Homes acquisition.
Gross profit margin contracted by 1,040 basis points to 18.3%, impacted by $34.5 million in remediation costs.
Net income decreased by 95.2% to $2.8 million due to lower gross profit margins and increased SG&A spend.
Skyline Champion
Skyline Champion
Skyline Champion Revenue by Geographic Location
Forward Guidance
Skyline Champion did not provide specific financial guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income