SKYLINE CHAMPION Reports FY2023 Q4 Earnings on May 30, 2023
June 14, 2023
☀️Earnings Overview
On May 30 2023, SKYLINE CHAMPION ($NYSE:SKY) released their fiscal year 2023 fourth quarter earnings results, which ended on March 31 2023. Year-over-year, the total revenue decreased by 23.0% to USD 491.5 million and net income fell 33.5% to USD 57.8 million.
Price History
On Tuesday, May 30, 2023, SKYLINE CHAMPION reported its financials for the fourth quarter of Fiscal Year 2023. The stock opened at $58.6 and closed at $57.7, a 10.6% plunge from its previous closing price of 64.5. This indicates a difficult quarter for the company as the stock prices have plummeted in the face of financial challenges. SKYLINE CHAMPION is a leading manufacturer of roofing materials and building products, and has long been a strong player in the marketplace. Unfortunately, the changing economic environment has resulted in lower sales and profit margins, as well as rising costs.
This has resulted in a significant decline in stock prices. Despite the difficult economic situation, SKYLINE CHAMPION remains committed to providing its customers with the best products and services possible. The company is also investing in research and development to develop new products and services that could help to reverse the downward trend in stock prices. Investors will be waiting with anticipation to see how the company’s efforts will pay off in the long run. 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 a thorough analysis of SKYLINE CHAMPION‘s welfare. According to Star Chart, the company is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. As such, investors who are looking for companies with strong competitive advantages and have a long-term outlook may be interested in SKYLINE CHAMPION. Moreover, SKYLINE CHAMPION has a high health score of 10/10 with regard to its cashflows and debt, which shows that it is capable to safely ride out any crisis without the risk of bankruptcy. In terms of its financials, the company is strong in asset, growth, and profitability, but somewhat lacking in dividend yield. Consequently, SKYLINE CHAMPION may be better suited for investors that are looking for a long-term capital appreciation rather than an income-generating investment. 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 Corporation recently reported their fourth quarter results for the fiscal year 2023, ending on March 31 of that year. Total revenue decreased 23.0% year over year to USD 491.5 million and net income decreased to USD 57.8 million, a 33.5% decline year over year. The stock price responded negatively to the news, further illustrating the impact of the results. For investors, these results should be taken into account when evaluating investments in Skyline Champion.
They should consider the company’s performance thus far and any potential risks associated with ownership of the stock. By understanding how the company is performing on both a macro and micro level, investors can make informed decisions regarding investment in Skyline Champion.
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