Overview
Skyline Champion fiscal Q1 sales rise 11.7%, beating analyst expectations, per LSEG data
EPS for fiscal Q1 increases 43%
Company repurchased $50 mln in shares and closed Iseman Homes acquisition
Outlook
Company confident in strategy and demand for homes
Skyline Champion sees dynamic market and consumer environment
Result Drivers
U.S. HOME SALES - 6.5% increase driven by higher shipments to community sales channel
PRICE INCREASES - ASP per U.S. home rose 3.6% due to product mix changes and higher prices at retail centers
ISEMAN ACQUISITION - Completed acquisition of Iseman Homes, contributing to strategic growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $701.30 mln | $642.30 mln (6 Analysts) |
Q1 EPS | $1.13 | ||
Q1 Net Income | Beat | $64.70 mln | $47.30 mln (4 Analysts) |
Q1 Gross Margin | 27.1% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy."
Wall Street's median 12-month price target for Champion Homes Inc is $85.00, about 23% above its August 4 closing price of $65.47
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nBw3W8ZLra
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)