Skyline Champion Earnings Call: Growth, Cash, but Tighter Margins
Skyline Champion Corp.'s Q3 earnings call revealed mixed results with modest revenue growth, robust cash generation, and strong brand presence, offset by declining profitability and tighter margins. The company reported a 2% increase in net sales to $657 million and maintained a strong cash position of $660 million, alongside share repurchases, but gross profit fell 5% and net income decreased by 12%. Despite facing challenges like lower volumes and underutilized manufacturing capacity, Skyline Champion is focused on product innovation, strategic financing, and operational execution to navigate a challenging housing market and prepare for a potential rebound in the spring selling season.
Champion Homes Announces First Quarter Fiscal 2025 Results
Champion Homes, Inc. (NYSE: SKY) reported strong first-quarter fiscal 2025 results, with net sales increasing 35.1% to $627.8 million and U.S. homes sold up 35.7%. The company also announced its legal name change to Champion Homes, Inc., aligning with its flagship brand and strategic focus on home attainability. Despite a slight decrease in net income, Adjusted EBITDA grew by 12.2% to $75.0 million.
Why Champion Homes Stock Triumphed Today
Champion Homes (SKY) saw its stock price jump nearly 14% after reporting strong fiscal second-quarter 2026 earnings. The company's net sales increased by 11% year over year, and net income rose by 6%, significantly beating analyst estimates. This performance highlights a thriving business in the mobile and factory-produced housing segment.
William Blair Investment Management LLC Acquires 22,833 Shares of Champion Homes, Inc. $SKY - MarketBeat
William Blair Investment Management LLC increased its stake in Champion Homes, Inc. by 3.1% in the second quarter, acquiring an additional 22,833 shares and bringing its total holdings to 768,166 shares valued at $48.095 million. Other institutional investors also adjusted their positions in the company. Champion Homes' stock trading at $75.73, with a market cap of $4.28 billion, and the company recently reported strong quarterly earnings, beating analyst estimates.
Where Is the modular buildings Market Heading? CAGR Predictions, Innovation Trends & Future Demand - newstrail.com
The modular buildings market is projected to reach USD 186.7 billion by 2032, driven by increased adoption for faster project completion and sustainable solutions, despite facing challenges such as financing constraints and supply chain vulnerabilities. North America leads the market, closely followed by Europe, with the Asia-Pacific region showing significant growth, particularly in China and Singapore. The market is segmented by permanent and relocatable modular construction, and by application across residential, commercial, industrial, healthcare, and education sectors.
RVIA: John Tuyo Is Championing the Park Model RV Market
John Tuyo, Director of Sales for Champion Homes, has brought his passion for park models into the RV industry. He manages Champion Homes' sales teams across 16 park model RV plants, overseeing product quality, innovation, and pricing strategies to maintain the company's leading market share. Tuyo also focuses on developing floor plans and expanding points of purchase for their units, emphasizing growth through innovation and regional design palettes.
Skyline Corp stock touches 52-week low at $64.25 amid market shifts
Skyline Corp (NYSE: SKY) stock recently hit a new 52-week low of $64.25, reflecting bearish sentiment despite strong fundamentals like a perfect Piotroski Score of 9 and significant revenue growth. InvestingPro analysis suggests the stock is oversold and potentially undervalued. This comes amidst broader market challenges and a reduced price target from RBC Capital Markets due to disappointing quarterly earnings and a challenging demand environment.
Skyline Champion Corporation (NYSE:SKY) Q4 2025 Earnings Call Transcript
Skyline Champion Corporation (NYSE: SKY) reported its Q4 2025 earnings, missing EPS expectations with $0.65 against an anticipated $0.75. Despite this, the company achieved a 19% increase in homes sold and 23% revenue growth for the fiscal year 2025, reaching $2.5 billion, driven by higher demand, including the Regional Homes acquisition. The company announced the acquisition of Iseman Homes to expand its retail footprint and discussed efforts to navigate market uncertainties, including product innovation and advocating for regulatory changes in the manufactured housing sector.
Champion Homes announces loss of former CEO Keith Anderson
Champion Homes (NYSE: SKY) has announced the passing of its former CEO and Board Member, Keith Anderson. Anderson was instrumental in the company's growth, including the merger with Skyline Corporation in 2018. The company also reported strong Q1 fiscal 2025 results with increased home sales and net sales, along with a solid financial position highlighted by InvestingPro data.
Champion Homes Recognized with 2024 Top Design Honors
Champion Homes has been recognized for the 10th consecutive year with the Excellence in Manufactured Housing Award by the Manufactured Housing Institute (MHI), earning accolades in two design categories. This achievement highlights the company's commitment to striking features and superior craftsmanship in their homes, with specific models like The Westridge 1203CT and The Atlantic lauded for their design elements. Champion Homes, a subsidiary of Skyline Champion Corporation (NYSE: SKY), continues to be a leading producer of factory-built housing in North America, offering innovative designs including CrossMod homes.
The Heart of a Champion
Champion Home Builders, a dominant force in the U.S. park model market, expects an 11% upsurge in its retail network sales for 2024, despite high interest rates. The company, which operates about 50 manufacturing sites, emphasizes quality control and regional design variations to cater to diverse customer preferences across the country. Champion also plans to increase its presence at trade shows to maintain and grow its market share against emerging competitors in the park model and tiny home sectors.
ECN Capital finds new backer for manufactured homes business
ECN Capital is repositioning itself as a champion of affordable housing by partnering with Skyline Champion Corp., which invested $185-million for a 19.8-per-cent stake. The company is focusing on lending for manufactured homes, supported by institutional investors like Blackstone and Carlyle, and plans to exit its boat and RV lending business. ECN will also be changing its name to Triad Financial Services Corp.
Champion Homes, A Sustainable & Smarter Way to Build®
Champion Homes emphasizes its "A Smarter Way to Build®" approach, focusing on customer experience, sustainable methods, and materials. The company highlights its partnership with the Arbor Day Foundation, having planted nearly 800,000 trees, and its commitment to environmentally conscious building practices that result in energy-efficient homes. Skyline Champion, the parent company, is North America's largest independent, publicly traded, factory-built housing company.
Skyline Champion Closes on Acquisition of Regional Homes
Skyline Champion Corporation announced the closing of its acquisition of Regional Enterprises LLC, and related companies. This acquisition strengthens Skyline Champion's market position, expands its retail and manufacturing distribution, and is expected to generate solid returns and significant stakeholder value. Heath Jenkins, former CEO of Regional Homes, will lead Skyline Champion's captive retail operations.
Skyline Champion Acquires Regional Homes
Skyline Champion Corp. subsidiaries have signed a definitive agreement to acquire Regional Homes for approximately $328 million plus $130 million in assumed debt. Regional Homes, the fourth largest HUD manufacturer, generated an estimated $523 million in revenue and $84 million in EBITDA in 2022. This acquisition aims to expand Skyline Champion's presence in key markets and generate significant stakeholder value.
Skyline Champion Corp. Reports Retreat In Q1 Income, but beats estimates
Skyline Champion Corp. (SKY) reported a decrease in Q1 earnings to $51.3 million, or $0.89 per share, down from $117.2 million, or $2.04 per share, in the prior year. Despite the decline, the company surpassed analysts' average estimate of $0.84 per share. Quarterly revenue also fell 36.0% to $464.8 million from $725.9 million last year.
Skyline Homes Awarded America’s Most Trusted® Manufactured Home Builder Three Years in a Row
Skyline Homes, a brand of Champion Homes, has been recognized for the third consecutive year as America’s Most Trusted® Manufactured Home Builder by Lifestory Research. The company achieved the highest Net Trust Quotient score of 100.5 in the 2023 study, reflecting its commitment to quality. Skyline Champion Corporation, the parent company, is also the largest independent, publicly traded, factory-built housing company in North America.
Elkhart Community Holds ‘Celebration of Life’ for Art Decio
The Elkhart community held a "Celebration of Life" for Arthur J. "Art" Decio, a legendary businessman and philanthropist, nearly two years after his passing. The event included the unveiling of a statue of Decio and his wife, Pat, in downtown Elkhart, honoring his significant contributions to both business through Skyline Corp. and numerous charitable organizations. The ceremony highlighted his entrepreneurial achievements, including appearing on the cover of Time magazine, and his extensive philanthropic work which benefited many local institutions.
NovikStone® Skirting Selected by Champion Homes for "Homes on the Hill" at the 2022 Innovative Housing Showcase in DC
Champion Homes selected NovikStone® Skirting for its manufactured home and ADU featured at the 2022 Innovative Housing Showcase "Homes on the Hill" in Washington, D.C. The selection was based on NovikStone's aesthetic appeal, ease of installation, and ability to complement various home designs without the added weight or cost of traditional stone. NovikStone offers the intricate detail and curb appeal of natural stone while being lightweight, impervious to moisture, and cost-effective.
Skyline Champion Acquires Factory Expo Home Center Locations
Skyline Champion Corporation, through its subsidiary Champion Retail Housing, has acquired the assets and operations of Factory Expo Home Centers located at 12 of its manufacturing facilities across the United States. This acquisition aims to enhance the customer experience directly with consumers and improve capabilities for channel partners. Alta Cima Corporation will continue to support Skyline Champion with ongoing services for the home centers.
Annual Truck, RV & Car Warranty Trends, 17 March 2022
This article analyzes annual warranty trends for passenger cars, RVs, and trucks in the U.S. automotive industry for 2021. It examines claims, accruals, and expense rates for key manufacturers like Ford, GM, Tesla, Thor, Winnebago, Caterpillar, and Deere, highlighting how these metrics compare to sales growth. The report notes a general trend of declining warranty expenses relative to rising sales, though with some notable exceptions and varying patterns across segments.
All the Comforts of Home
This article highlights Skyline Champion's park model division, specifically their Athens Park and Shore Park offerings, emphasizing their unique residential-style construction and higher quality compared to typical RVs. Dick Grymonprez, director of park model sales, discusses the niche market, strong sales performance before COVID-19, and the company's approach to building more robust, residentially-appointed park models that cater to customers seeking higher-end options. The piece also details operational aspects, including manufacturing flexibility due to co-located production lines with manufactured housing and the benefits of their specialized construction.
Park Models Make Waves at ‘12 Louisville Show
The 2012 Louisville Show marked a significant comeback for park models, with 10 manufacturers exhibiting after their readmission to RVIA. This re-integration and strong exhibitor presence, including companies like Skyline Corp. and Forest River, signals a renewed industry focus on park model production and sales, especially for the burgeoning campground hospitality sector. The RVIA noted exceeding expectations for new park trailer builder memberships.
Skyline Champion CEO to retire a year after acquisition of Troy-based home builder
Keith Anderson, CEO of Skyline Champion Corp., will retire on June 1, a year after the company was formed by the acquisition of Troy-based Champion Home Builders Inc. by Indiana-based Skyline Corp. Mark Yost, currently executive vice president and president of U.S. operations, will replace Anderson, who will remain on the board of directors. Skyline Champion sells factory-built and modular homes, reported a 9.5 percent increase in net income for Q3 2019, and employs 7,000 people.
Park Models on the Move
The park model segment of the RV industry is experiencing significant growth, with wholesale shipments up by almost 10 percent in 2017. Key players like Kropf Industries, Athens Park Model RVs (Champion Home Builders), and Forest River discuss their strategies, market trends, and challenges such as material costs, labor shortages, and regulatory perceptions of park models. The article highlights the evolving customer base, the rise of "tiny home" interest, and the increasing demand for customization in park models.
