SKYLINE CHAMPION Reports EPS Beat, Revenue Miss in Q4

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Skyline Champion ($NYSE:SKY) Corp. (SKYLINE) released its fourth-quarter financial results on Wednesday, beating earnings per share estimates but falling short on revenue. Skyline Champion is the largest manufacturer of manufactured homes and modular housing in North America. Skyline’s homes are sold through a network of independent retailers and company-owned retail locations throughout the United States and Canada.

The company also distributes its products to institutional customers, such as hotels, universities, and government housing divisions. Skyline is committed to offering high-quality, innovative housing solutions that meet the needs of its customers.

Market Price

On Tuesday, SKYLINE CHAMPION reported their fourth quarter earnings, with earnings per share (EPS) beating analyst estimates and revenue falling short. In the market’s response to the results, SKYLINE CHAMPION stock opened at $58.6 and closed at $57.7, a plunge of 10.6% from their last closing price of 64.5. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Skyline Champion. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Skyline Champion. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Skyline Champion. More…

Key Ratios Snapshot

Some of the financial key ratios for Skyline Champion are shown below. More…

Analysis

At GoodWhale, we recently conducted a financial analysis of SKYLINE CHAMPION. Our analysis revealed that, according to the Star Chart, the company is strong in assets and growth, and medium in profitability and dividends. We classified SKYLINE CHAMPION as a ‘gorilla’ type of company, one that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given this financial information, we believe that institutional investors and value-oriented investors may be interested in this company. Additionally, SKYLINE CHAMPION has a high health score of 10/10 considering its cashflows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. This makes SKYLINE CHAMPION an attractive investment opportunity for those looking for stable returns. 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 is a company that manufactures and distributes modular housing, manufactured housing, and recreational vehicles. In their recent quarterly earning report, their earnings per share (EPS) were reported to be $1.00, beating analysts’ estimates by $0.05. Revenues amounted to $491.5M, however, they missed analysts’ estimates by $46.83M. On the same day of the earning report, the stock price moved down. Investors should analyze Skyline Champion’s financial statements; looking at both the income statement and balance sheet.

Key issues to consider include profitability, liquidity, and solvency. It is important to note that earnings beat estimates, however, revenues were lower than expected. These results suggest that Skyline Champion still has potential for growth, but there may be risks involved in investing in the company. Investors should also consider any other economic or industry factors that could affect the company’s stock price.