SKYLINE CHAMPION Reports Fourth Quarter Earnings for Fiscal Year 2023 on May 30
June 17, 2023
☀️Earnings Overview
On May 30 2023, SKYLINE CHAMPION ($NYSE:SKY) released its earnings results for the fourth quarter of its fiscal year 2023, ending March 31 2023. Revenue totaled USD 491.5 million, a decrease of 23.0% compared to the same period of the prior year. Net income declined to USD 57.8 million, down 33.5% year-over-year.
Market Price
The announcement caused a stir in the stock market, as the company’s stock opened at $58.6 and closed at $57.7, a 10.6% plunge from its prior closing price of 64.5. Analysts attribute this to the uncertain economic situation amid the pandemic and the fact that SKYLINE CHAMPION missed their earnings expectations for the quarter. Despite this, the company is still optimistic that they will have a strong performance in the coming months. SKYLINE CHAMPION has taken various measures to ensure the profitability of the company during these challenging times. They have implemented cost-cutting practices to reduce their overhead expenses, as well as introduced new products and services to capitalize on growing market demand.
The company also plans to expand their production capacity in order to meet increased customer demand. Overall, SKYLINE CHAMPION has prepared for the future by making strategic investments in order to maintain their competitive edge over other market players. With optimism for the future, the company is committed to delivering quality products and services that will drive growth and shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Skyline Champion. More…
| Total Revenues | Net Income | Net Margin |
| 2.61k | 401.8 | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skyline Champion. More…
| Operations | Investing | Financing |
| 416.23 | -61.18 | -37.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Skyline Champion. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 329.72 | 21.59 |
Key Ratios Snapshot
Some of the financial key ratios for Skyline Champion are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.9% | 81.5% | 20.6% |
| FCF Margin | ROE | ROA |
| 14.0% | 27.9% | 21.5% |
Analysis
GoodWhale has conducted an analysis of SKYLINE CHAMPION‘s fundamentals, and our Star Chart indicates that the company is strong in asset, growth, and profitability, and weak in dividend. SKYLINE CHAMPION’s high health score of 10/10 also indicates that the company is capable of safely weathering any economic crisis without the risk of bankruptcy. Furthermore, due to its strong competitive advantage, we classify SKYLINE CHAMPION as a ‘gorilla’, meaning that it has achieved stable and high revenue or earnings growth. Given SKYLINE CHAMPION’s strong fundamentals, we believe that it may be attractive to a wide variety of investors. Long-term investors may be drawn to SKYLINE CHAMPION’s relatively low dividend yield, while growth-oriented investors may be attracted to the company’s strong record of growth. Risk-averse investors may also find the company’s high health score appealing due to its ability to withstand economic crises. More…
Peers
Skyline Champion Corp is one of the leading homebuilders in the United States. The company’s main competitors are Meritage Homes Corp, Tri Pointe Homes Inc, and KB Home.
– Meritage Homes Corp ($NYSE:MTH)
Meritage Homes Corp is a homebuilder in the United States. As of 2022, the company has a market capitalization of 3.06 billion dollars and a return on equity of 23.05%. The company builds homes for a variety of different price points and markets, and has a focus on sustainability and energy efficiency.
– Tri Pointe Homes Inc ($NYSE:TPH)
Tri Pointe Homes Inc is a homebuilding company that focuses on the development of single-family homes. The company operates in various states in the United States, including Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Maryland, Nevada, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Texas, and Virginia. As of 2022, the company has a market cap of 1.86B and a ROE of 16.87%.
– KB Home ($NYSE:KBH)
KB Home is a homebuilding company headquartered in Los Angeles, California. It is one of the largest homebuilders in the United States. The company builds and sells single-family detached and attached homes, townhomes, and condominiums in the United States. It operates in four segments: West Coast, Central, Southeast, and South Central. The company was founded in 1957 and is headquartered in Los Angeles, California.
Summary
SKYLINE CHAMPION released its fourth quarter of fiscal year 2023 earnings results, revealing a 23.0% decrease in total revenue from the same quarter of the previous year. Net income decreased 33.5%, leading to a drop in stock price the same day. Investors should take note of the reduced revenue and income when researching this company, as well as any potential long term trends or outlooks.
Analysts should further investigate potential factors that may have contributed to the decrease, such as decreases in consumer demand or increased expenses. Finally, investors should consider whether SKYLINE CHAMPION may offer attractive returns considering these results.
Related Posts
Recent Posts
