NYSE$SKY

Skyline Champion Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Skyline Champion's Q4 2022 results showcased significant growth, driven by increased sales, improved profitability, and effective operational strategies.

Skyline Champion Corporation reported a strong fourth quarter in fiscal year 2022, with net sales increasing by 42.5% to $638.1 million and net income rising by 156.1% to $86.8 million. The company benefited from strong demand, increased production levels, and strategic pricing adjustments to offset inflation.

  • Net sales increased by 42.5% to $638.1 million.
  • U.S. homes sold increased by 11.1% to 6,580.
  • Net income increased by 156.1% to $86.8 million.
  • Average selling price per U.S. home increased by 30.7% to $87,800.

Headline financials

Total Revenue

$638M

Previous: $448M+42.5%
EPS (adj)

$1.51

Previous: $0.61+147.5%
U.S. Homes Sold

6.6K

Previous: 5.9K+11.1%
U.S. Avg Home Price

$87.8K

Previous: $67.2K+30.7%
Capital Expenditures

$9.2M

Previous: $3.78M+143.2%
Free Cash Flow

$50.9M

Previous: $46.3M+9.9%
Net Income

$86.8M

Previous: $33.9M+156.2%
Operating Income

$116M

Previous: $46.6M+148.7%
Gross Profit

$191M

Previous: $99.1M+92.7%
Cash & Equivalents

$435M

Previous: $263M+65.8%
Total Assets

$1.23B

Previous: $918M+34.5%
Stock-Based Comp

$3.64M

Previous: $1.41M+158.0%

Revenue & EPS history

Skyline Champion · Revenue · Quarterly

$638M

Q4 2022+42.5%vs Q4 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Skyline Champion's management expressed confidence in the company's ability to continue delivering value to customers and stakeholders, supported by increased capacity and investments in enhancing the customer's home-buying experience. The company is well-positioned to address the growing need for attainable housing.

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 Q4 2022

Historical avgQ4 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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