NYSE$SKY

Skyline Champion Corporation · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Skyline Champion's Q1 2024 results reflected continued execution on operational initiatives amidst shifts in demand.

Skyline Champion Corporation reported a decrease in net sales by 36.0% to $464.8 million and a decrease in net income by 56.2% to $51.3 million compared to the prior-year period. The number of U.S. homes sold decreased by 29.3% to 4,817, and the average selling price per U.S. home sold decreased by 8.2% to $89,000. The company's cash and cash equivalents increased to $797.7 million.

  • Net sales decreased by 36.0% to $464.8 million.
  • U.S. homes sold decreased by 29.3% to 4,817.
  • Net income decreased by 56.2% to $51.3 million.
  • Cash and cash equivalents increased to $797.7 million.

Headline financials

Total Revenue

$465M

Previous: $726M-36.0%
EPS (adj)

$0.89

Previous: $2.04-56.4%
U.S. Homes Sold

4.8K

Previous: 6.8K-29.3%
U.S. Avg Home Price

$89K

Previous: $97K-8.2%
Capital Expenditures

-$10.3M

Previous: -$9.44M-9.6%
Free Cash Flow

$64.5M

Previous: $38M+69.8%
Net Income

$51.3M

Previous: $117M-56.2%
Operating Income

$59.2M

Previous: $157M-62.3%
Gross Profit

$130M

Previous: $229M-43.5%
Cash & Equivalents

$798M

Previous: $464M+72.0%
Total Assets

$1.62B

Previous: $1.37B+17.8%
Stock-Based Comp

$5.43M

Previous: $3.96M+37.1%

Revenue & EPS history

Skyline Champion · Revenue · Quarterly

$465M

Q1 2024-36%vs Q1 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the document.

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 2024

Historical avgQ1 2024

-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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