UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Indiana 35-1038277 (State of Incorporation) (I.R.S. Employer Identification No.) 755 West Big Beaver Road, Suite ...

Financial Data and Key Metrics Changes - In Q1 2023, net sales increased by 42% to $726 million compared to the same quarter last year [25] - Adjusted EBITDA rose by 159% to $163 million, with an adjusted EBITDA margin expanding by over 1,000 basis points to 22.4% [36] - Net income for the quarter was $117 million, or $2.04 per diluted share, compared to $43 million, or $0.75 per diluted share in the prior year [35] Business Line Data and Key Metrics Changes - U.S. factory-built housing segment revenue grew by $204 million, driven by a 7% increase in the number of homes sold, totaling 6,813 homes [26] - Average selling price (ASP) for U.S. homes sold increased by 35% to $97,000 due to price adjustments for inflation [27] - Canadian revenue increased by 19% to $45 million, driven by a 30% increase in ASP, despite a 9% decline in the number of homes sold [30] Market Data and Key Metrics Changes - Backlog at the end of June decreased by $264 million to $1.4 billion compared to the March quarter [15] - Lead times improved to 28 weeks from 35 weeks at the end of the March quarter due to enhanced production capabilities [15] - Minimal cancellations were observed at the end consumer level, indicating strong demand for affordable housing [13] Company Strategy and Development Direction - The company is focused on increasing production levels and reducing backlogs to pre-pandemic levels of 4 to 12 weeks [16] - Investments in manufacturing technology and customer digital access are prioritized to enhance affordability and attainability of homes [21] - The acquisition of Alta Cima and the integration of the Manis custom builders are aimed at expanding manufacturing footprint and enhancing customer experience [11][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current economic environment due to structural improvements and operational initiatives [37] - The demand for affordable housing remains strong, driven by rising rental rates and inflationary pressures [17] - The company anticipates that margins will normalize back to fiscal 2022 levels as the one-time effects of FEMA orders subside [38] Other Important Information - The company produced almost 90% of a $200 million FEMA disaster relief order during the quarter, recognizing approximately $83 million in revenue [9][27] - Cash and cash equivalents stood at $464 million, with long-term borrowings of $12 million and no maturities until 2029 [39] - The company plans to utilize its favorable liquidity position to reinvest in the business for long-term growth [40] Q&A Session Summary Question: Can you provide more detail on demand by channel and visibility into community build for rent? - Management noted strong demand in community REITs and build-to-rent channels, with retail demand remaining good despite a 20% decline in traffic [50] Question: Regarding FEMA units, how should we think about the September quarter? - Management confirmed that approximately $97 million in revenue from FEMA units will be recognized in the September quarter, expecting a relatively flat top line quarter-over-quarter [54] Question: What is the outlook for average selling prices (ASPs)? - ASPs are expected to remain flat in the second quarter, with a potential return to normal levels in the second half of the year due to consumer preferences for fewer options [60] Question: How stable is the backlog given the current environment? - Management indicated that consumer cancellations have been minimal, and the stability of the backlog is good despite some dealer inventory adjustments [62] Question: What are the drivers of margin increases this quarter? - Management highlighted efficient FEMA production and favorable lumber pricing as key drivers, but noted that margins may normalize in the second half of the year [70] Question: How is the company adapting to changes in sales channels? - Management stated that retail sales account for about 50% of total sales, with growth in other channels like build-to-rent and builder developers [106] Question: What are the current trends in zoning regulations? - Management observed a reduction in zoning regulatory barriers, with increased focus on affordable housing initiatives at state and local levels [102]

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 April 2, 2022 [ ] 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 Identif ...

Skyline Champion Corporation (NYSE:SKY) Q4 2022 Earnings Conference Call May 24, 2022 9:00 AM ET Company Participants Mark Yost - President and CEO Laurie Hough - Executive Vice President and CFO Conference Call Participants Greg Palm - Craig-Hallum Capital Group Daniel Moore - CJS Securities Matthew Bouley - Barclays Mike Dahl - RBC Capital Markets Operator Good morning. And welcome to Skyline Champion Corporation’s Fourth Quarter and Full Year Fiscal 2022 Earnings Call. The company issued an earnings pres ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Indiana 35-1038277 (State of Incorporation) (I.R.S. Employer Identification No.) 755 West Big Beaver Road, Suite 1000 Troy, Michigan 48084 (Address of Principal Executive Offices) (Zip Code) (248) 614-8211 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock SKY New York Stock Exchange ...

Skyline Champion Corporation (NYSE:SKY) Q3 2022 Earnings Conference Call February 3, 2022 9:00 AM ET Company Participants Mark Yost – President and Chief Executive Officer Laurie Hough – Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Moore – CJS Securities Greg Palm – Craig-Hallum Matt Bouley – Barclays Mike Dahl – RBC Capital Markets Collin Verron – Jefferies Jay McCanless – Wedbush Operator Good morning and welcome to Skyline Champion Corporation's Third Quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 2, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-04714 Skyline Champion Corporation such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether th ...

Skyline Champion Corporation (NYSE:SKY) Q2 2022 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Mark Yost – President and Chief Executive Officer Laurie Hough – Executive Vice President and Chief Financial Officer Conference Call Participants Greg Palm – Craig-Hallum Daniel Moore – CJS Securities Matt Bouley – Barclays Mike Dahl – RBC Capital Markets Phil Ng – Jefferies Jay McCanless – Wedbush Operator Good morning, and welcome to Skyline Champion Corporation's Second Quarter Fisca ...

Financial Data and Key Metrics Changes - Net sales increased by 87% to $510 million in Q1 FY2022 compared to the same quarter last year, driven by a $208 million increase in the U.S. factory-built housing segment and a $23 million increase in the Canadian segment [20][23] - Net income for Q1 was $42.9 million or $0.75 per diluted share, compared to $11.9 million or $0.21 per diluted share in the same period last year, reflecting higher revenue and gross profit [25] - Adjusted EBITDA for the quarter was $62.7 million, an increase of 178% over the same period a year ago, with an adjusted EBITDA margin expanding by 410 basis points to 12.3% [26] Business Line Data and Key Metrics Changes - U.S. factory-built revenue increased by 87% driven by a 58% increase in the number of homes sold, totaling 6,372 homes [20][21] - Canadian revenue increased by 149% to $38 million, driven by a 100% increase in the number of homes sold to 385 units [23] - Gross profit increased to $112 million, up 107% versus the prior-year quarter due to increased sales volume and higher pricing [23] Market Data and Key Metrics Changes - Backlogs grew by more than $341 million during Q1 to $1.2 billion, despite sequential unit production growth [6] - U.S. manufacturing facilities operated at capacity utilization levels near 80% for the quarter, improving about 2% from the prior quarter [6][11] Company Strategy and Development Direction - The company is focused on expanding capacity and investing in automation to enhance production processes, aiming to boost supply to channel partners and customers seeking affordable housing [13][14] - The strategic direction includes a move into digital and turnkey offerings to meet the growing demand for affordable housing solutions [15][16] - The company plans to continue investing in technology to enhance the customer buying experience and drive growth [15] Management's Comments on Operating Environment and Future Outlook - Management expects strong demand for affordable housing to continue through the second quarter, with challenges from raw material availability and supply chain issues expected to persist in the near term [12] - The company anticipates that supply chain challenges will cause sequential declines in production in the second and third quarters, but expects improvements by the fourth quarter [12] - Management remains confident in the long-term growth opportunities due to low entry-level housing supply and increasing millennial household formations [13] Other Important Information - The company had $288 million in cash and cash equivalents as of July 3, 2021, and entered into a $200 million revolving credit facility to enhance liquidity for strategic initiatives [29][30] - The company is focused on executing growth and operational initiatives, planning to reinvest cash into the business [30] Q&A Session Summary Question: What drove the sequential improvement in raw material availability? - Management indicated that the first quarter benefited from sourcing additional materials from the supply chain, allowing for an uptick in production [34] Question: Are there measures in place to restrict orders to align with production? - Management stated that backlogs are encouraging and reflect strong demand, with no controls being put in place as delivery times remain manageable [35] Question: Can you provide specific examples of automation efforts? - Management expressed excitement about automation initiatives and plans to test automation pilots over the next 12 to 24 months to address labor challenges [42][43] Question: What is the outlook on lumber prices and margin opportunities? - Management noted that while lumber prices have decreased, other material costs remain high, leading to margin compression during the quarter [45] Question: Why isn't the company acting more aggressively to bring on new capacity? - Management cited supply chain and labor challenges as limiting factors for increasing output, with expectations for improvement in the fall [52] Question: What insights can you provide on buyer qualifications? - Management indicated that appraisals are not keeping pace with price increases, affecting buyer qualifications, but buyers are still able to qualify for homes [56] Question: What are the key demand drivers for housing? - Management highlighted that many first-time home buyers are seeking attainable housing due to high prices of site-built homes and demographic shifts towards rural living [68]

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-04714 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2021 Indiana 35-1038277 (State of Incorporation) (I.R.S. Employer Identification No.) 755 West Big Beaver Road, Suite 1000 Troy, ...