NYSE$SKY

Skyline Champion Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong sequential momentum with increased production and unit volume growth.

Skyline Champion Corporation announced strong first quarter fiscal 2022 results, with net sales increasing by 86.7% to $510.2 million and net income increasing by 260.4% to $42.9 million compared to the prior-year period. The company benefited from improved production levels, a full quarter's benefit from the ScotBilt acquisition, and operational improvements.

  • Net sales increased 86.7% to $510.2 million.
  • U.S. factory-built homes sold increased 58.2% to 6,372.
  • Total backlog increased by more than 500% to $1.2 billion.
  • Net income increased by 260.4% to $42.9 million.

Headline financials

Total Revenue

$510M

Previous: $273M+86.7%
EPS (adj)

$0.75

Previous: $0.22+240.9%
U.S. Homes Sold

6.4K

Previous: 0
U.S. Avg Home Price

$71.8K

Previous: $0.00
Gross Profit Margin

21.9%

Previous: 19.8%+10.6%
Capital Expenditures

-$9.22M

Previous: -$1.31M-603.4%
Free Cash Flow

$22.7M

Previous: $30.9M-26.6%
Net Income

$42.9M

Previous: $11.9M+260.4%
Operating Income

$57.5M

Previous: $13.2M+335.8%
Gross Profit

$112M

Previous: $54M+106.5%
Cash & Equivalents

$288M

Previous: $237M+21.7%
Total Assets

$986M

Previous: $790M+24.8%
Stock-Based Comp

$1.44M

Previous: $2.23M-35.3%

Revenue & EPS history

Skyline Champion · Revenue · Quarterly

$510M

Q1 2022+86.7%vs Q1 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Skyline Champion management will host a conference call tomorrow, August 4, 2021, at 9:00 a.m. Eastern Time, to discuss Skyline Champion’s financial results and an update on current operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+5.2%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+25.9%

Q4 2017

Best reaction

-27.8%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026+4.3%+14.1%+8.4%
Q2 2026+9.6%+25.3%+28.4%
Q1 2026+4.8%-0.4%+18.5%
Q4 2025-16.9%-22.4%-26.0%
Q3 2025+13.5%+13.7%+4.1%
Q2 2025+1.5%+3.8%+17.7%
Q1 2025+12.1%+12.8%+21.3%
Q4 2024-10.6%-10.9%-10.8%
Q3 2024+11.4%+13.7%+15.4%
Q2 2024-5.7%+0.7%+1.9%
Q1 2024-5.9%-2.7%+2.3%
Q4 2023-9.9%-3.3%+2.1%
Q3 2023+11.0%+7.8%+12.4%
Q2 2023-18.5%-19.7%-7.7%
Q1 2023-4.6%+3.3%-13.7%
Q4 2022-16.6%+0.8%-15.9%
Q3 2022+4.4%+9.9%-0.3%
Q2 2022+6.2%+11.7%+24.1%
Q1 2022+4.3%+3.9%+11.8%
Q4 2021+22.6%+19.3%+24.6%
Q3 2021+17.6%+21.7%+29.8%
Q2 2021+7.1%+2.6%+26.9%
Q1 2021+10.7%+12.2%+14.2%
Q4 2020+9.0%+9.6%+3.4%
Q3 2020-14.1%-20.0%-29.2%
Q2 2020-2.9%+8.6%+14.2%
Q1 2020+3.0%+0.4%-3.9%
Q4 2019+18.2%+22.0%+33.1%
Q3 2019+10.9%+8.9%+13.0%
Q2 2019+0.6%-6.2%-27.2%
Q1 2019+1.8%-9.2%+3.6%
Q4 2018+6.1%+7.1%+19.5%
Q3 2018+6.1%+7.1%+19.5%
Q2 2018-0.9%-3.2%+0.4%
Q4 2017+25.9%-7.7%+0.2%
Q3 2017-27.8%-17.2%-26.2%
Q2 2017-8.8%-17.0%-27.2%
Q1 2017+5.7%+3.3%-0.8%
Q4 2016+3.8%+4.1%+19.3%
Q3 2016-1.8%
Q2 2016+22.7%
Q1 2016+8.3%
Q4 2015+3.0%
Q3 2015-0.3%
Q2 2015-6.2%
Q1 2015+3.7%
Q4 2014-5.8%
Q3 2014-9.4%
Q2 2014-4.2%
Q1 2014-6.8%
Q4 2013-2.7%
Q3 2013-8.1%
Q2 2013+0.2%
Q1 2013-2.1%
Q4 2012+10.5%
Q3 2011-2.4%
Q3 2012-2.4%
Q2 2012+0.9%
Q4 2011-26.6%
Q2 2011-26.6%
Q1 2012-26.6%
Q1 2011-26.6%
Q1 2010+6.3%
Q4 2009+6.8%

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