NYSE$SKY

Skyline Champion Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Skyline Champion's Q2 2022 financial performance was marked by substantial growth in net sales, U.S. factory-built homes sold, and average selling price, alongside significant improvements in gross profit margin and net income.

Skyline Champion Corporation reported a strong second quarter for fiscal year 2022, with net sales increasing by 62.6% to $524.2 million. The company saw increases in U.S. factory-built homes sold and average selling price, along with a significant expansion in gross profit margin and a substantial rise in net income.

  • Net sales increased significantly by 62.6% reaching $524.2 million.
  • U.S. factory-built homes sold increased by 25.9% with a total of 5,902 homes sold.
  • The average selling price per U.S. home increased by 32.3% to $79,900.
  • Net income saw a substantial increase of 189.7% to $50.7 million.

Headline financials

Total Revenue

$524M

Previous: $322M+62.6%
EPS (adj)

$0.89

Previous: $0.31+187.1%
U.S. Homes Sold

5.9K

Previous: 4.7K+25.9%
U.S. Avg Home Price

$79.9K

Previous: $60.4K+32.3%
Capital Expenditures

-$15.1M

Previous: -$2.55M-491.9%
Free Cash Flow

$73.8M

Previous: $61.3M+20.4%
Net Income

$50.7M

Previous: $17.5M+189.7%
Operating Income

$68M

Previous: $21.4M+217.4%
Gross Profit

$129M

Previous: $62.8M+106.0%
Cash & Equivalents

$310M

Previous: $264M+17.4%
Total Assets

$1.01B

Previous: $829M+21.8%
Stock-Based Comp

$2.77M

Previous: $1.4M+98.3%

Revenue & EPS history

Skyline Champion · Revenue · Quarterly

$524M

Q2 2022+62.6%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The company anticipates that the challenging supply environment will continue into next year.

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 Q2 2022

Historical avgQ2 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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