Investors in Champion Homes, Inc.(SKY) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2025 $70.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could a ...

Financial Performance - Net sales for the three months ended June 29, 2024, increased to $627,779,000, up 35.1% from $464,769,000 for the same period in 2023[8] - Gross profit for the same period was $164,215,000, representing a gross margin of 26.2%, compared to $129,673,000 in 2023[8] - Operating income decreased to $55,388,000, down 6.9% from $59,234,000 year-over-year[8] - Net income for the three months ended June 29, 2024, was $45,794,000, a decrease of 10.5% from $51,269,000 in the prior year[8] - For the three months ended June 29, 2024, the total revenue was $627.8 million, compared to $401.1 million for the same period in 2023, reflecting a significant increase[47] - The net income attributable to the Company's common shareholders for the three months ended June 29, 2024, was $45.8 million, down from $51.3 million in the prior year[49] - The Company recorded an effective tax rate of 22.5% for the three months ended June 29, 2024, compared to 25.2% for the same period in 2023[48] - Adjusted EBITDA for the three months ended June 29, 2024, was $75.0 million, compared to $66.8 million in the same period of 2023[74] - Selling, general, and administrative expenses rose to $108.8 million, an increase of $38.4 million, or 54.5%, compared to $70.4 million in the prior year[78] Assets and Liabilities - Total current assets increased to $975,928,000, up 6.3% from $918,302,000 as of March 30, 2024[7] - Total assets reached $1,987,130,000, reflecting a growth of 3.3% from $1,923,341,000[7] - Cash and cash equivalents at the end of the period were $548,933,000, an increase of 10.9% from $495,063,000 at the beginning of the period[12] - Total stockholders' equity increased to $1,450,747,000, up 2.0% from $1,422,370,000[7] - The company reported a net cash provided by operating activities of $84,616,000, compared to $74,857,000 in the same period last year[12] - The company had outstanding borrowings on floor plan financing agreements of $92.9 million as of June 29, 2024, with a total credit line capacity of $223.0 million[46] - The accrued warranty obligations increased to $54.1 million as of June 29, 2024, from $35.1 million at the end of the same period in 2023[41] - The average cash balance decreased to $521.998 million for the three months ended June 29, 2024, down from $772.585 million in the same period of the prior year[82] Acquisitions and Investments - The company acquired Regional Enterprises, LLC for a total consideration of $316.9 million, including $279.5 million in cash and 455,098 shares valued at approximately $27.9 million[25] - The Company completed the acquisition of Regional Homes in October 2023, which constituted approximately 26% of total assets and 24% of net sales for the three months ended June 29, 2024[104] - The investment in ECN Capital Corporation totaled $70.1 million as of June 29, 2024, with the Company owning approximately 19.9% of the voting shares[37] - The Company made an equity investment in ECN to facilitate the creation of a captive finance company, Champion Financing, to provide financing solutions[64] Manufacturing and Sales - Champion Homes, Inc. operates 43 manufacturing facilities in the U.S. and 5 in Canada, focusing on factory-built homes and retail sales through 72 sales centers[15] - U.S. Factory-built Housing segment net sales reached $599.5 million, up 39.8% from $428.8 million year-over-year[52] - The Company's backlog increased to $404.8 million as of June 29, 2024, compared to $260.0 million as of July 1, 2023[67] - Approximately 88% of the Company's U.S. manufacturing sales were generated from homes complying with HUD code standards[68] - U.S. manufacturing and retail net sales increased by $170.7 million, or 39.8%, primarily due to the inclusion of $151.5 million from Regional Homes[71] Expenses and Costs - Depreciation expense for the three months ended June 29, 2024, was $7.7 million, an increase from $4.6 million in the same period of 2023[31] - Amortization of intangible assets for the three months ended June 29, 2024, was $2.9 million, slightly down from $3.0 million in the prior year[34] - Interest income, net was $(4.2) million for the three months ended June 29, 2024, compared to $(9.3) million in the same period of the prior fiscal year, a change of $5.1 million or 54.3%[82] Legal and Compliance - The company is involved in various legal proceedings, including commercial disputes and product liability claims[105] - The company has excluded the acquired operations of Regional Homes from its assessment of internal control over financial reporting for the first year following the acquisition[104] - The company's disclosure controls and procedures were evaluated as effective as of June 29, 2024, by the CEO and CFO[103] - The company maintains reasonable assurance that required information is disclosed in compliance with the Securities Exchange Act of 1934[103] Risks and Future Outlook - The company is assessing the impact of new accounting standards updates on its financial statement disclosures, effective for fiscal 2025 and fiscal 2026[23][24] - The company is exposed to risks related to public health issues, such as epidemics or pandemics, which could disrupt business operations[100] - There have been no significant changes in interest rate and foreign exchange risks since March 30, 2024[102] - The company assumes no obligation to update forward-looking statements unless required by law[101]

Skyline (SKY) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 31.88%. A quarter ago, it was expected that this manufactured and modular housing maker would post earnings of $0.67 per share when it actually produced earnings of $0.62, delivering a surprise of -7.46%. Over the last four ...

Skyline (SKY) shares ended the last trading session 6.2% higher at $79.58. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.6% gain over the past four weeks. The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool. This manufactured and modular housing maker is expected to post quarterly earnings of $0.69 per share in its upcoming report, which rep ...

Company Overview - Skyline (SKY) shares increased by 7.5% to $71.28 in the last trading session, following a significant volume of shares traded, contrasting with a 16.8% loss over the past four weeks [1] - Skyline is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year decline of 22.5%, while revenues are projected to be $606.2 million, an increase of 30.4% from the previous year [2] - The consensus EPS estimate for Skyline has been revised down by 4.8% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] Industry Insights - Skyline operates within the Zacks Building Products - Mobile Homes and RV Builders industry, where another company, Patrick Industries (PATK), saw its shares rise by 2.2% to $106.82, despite a 10.2% decline over the past month [3] - Patrick Industries' consensus EPS estimate has increased by 0.5% over the past month to $2.03, representing a year-over-year change of 4.6% [4] - Both Skyline and Patrick Industries currently hold a Zacks Rank of 3 (Hold), indicating a neutral outlook for these stocks [3][4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 30, 2024 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE PERIOD FROM TO Commission File Number 001-04714 Skyline Champion Corporation (Exact name of registrant as specified in its charter) Indiana 35-1038277 (State of Incorporation) (I.R.S. Employer Identi ...

Skyline Champion Corporation (NYSE:SKY) Q4 2024 Earnings Conference Call May 22, 2024 9:00 AM ET Company Participants Mark Yost - President & CEO Laurie Hough - EVP & CFO Conference Call Participants Phil Ng - Jefferies Mike Dahl - RBC Capital Markets Christopher Kalata - RBC Capital Markets Daniel Moore - CJS Securities Elizabeth Langan - Barclays Bank Danny Eggerichs - Craig-Hallum Capital Group Jay McCanless - Wedbush Securities Operator Good morning, and welcome to Skyline Champion Corporation's Fourth ...

Skyline (SKY) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -7.46%. A quarter ago, it was expected that this manufactured and modular housing maker would post earnings of $0.70 per share when it actually produced earnings of $0.82, delivering a surprise of 17.14%. Over the last four ...

• Net sales decreased 22.3% to $2.0 billion • Gross profit margin contracted by 740 basis points to 24.0% • Earnings per share ("EPS") decreased 63.9% to $2.53 • Adjusted EBITDA decreased 55.0% to $245.3 million • Adjusted EBITDA margin contracted by 880 basis points to 12.1% • Net cash generated by operating activities of $222.7 million during the year "Fiscal 2024 was a transformative year for our organization, marked by strategic investments and expanding our market presence," said Mark Yost, Skyline Cha ...

Skyline Champion Corporation (NYSE:SKY) Q3 2024 Results Conference Call February 6, 2024 9:00 AM ET Company Participants Mark Yost - President & Chief Executive Officer Laurie Hough - Executive Vice President & Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group Daniel Moore - CJS Securities Colin Devine - Jefferies Matthew Bouley - Barclays Mike Dahl - RBC Capital Markets Jay McCanless - Wedbush Securities Operator Good morning, and welcome to Skyline Champion Corpor ...