SKY Earnings Prediction
The chart below shows how SKY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SKY sees a +3.93% change in stock price 10 days leading up to the earnings, and a +5.87% change 10 days following the report. On the earnings day itself, the stock moves by -1.64%. This data can give you a slight idea of what to expect for the next quarter's release.
SKY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
559.46M
-3.93%
20.51%
Gross Margin
25.25%
-15.55%
0.64%
Operating Margin
10.04%
-42.82%
-10.44%
Net Margin
8.40%
-40.93%
-14.63%
EPS
0.81
-43.75%
2.53%
No Data Available
SKY Earnings Analysis
Skyline Champion Corp Corporation (SKY.N) Earnings Conference Call
Positive
Net Sales Growth: Net sales increased 15.3% year over year to $645 million, demonstrating strong demand and effective execution across sales channels.
Home Sales Increase: The number of homes sold rose 13% to 6,646 homes, reflecting robust market performance and operational efficiency.
Gross Profit Surge: Gross profit surged 28% to $181 million, with gross margin expanding by 280 basis points to 25.3%, driven by higher average selling prices and lower input costs.
Net Income Increase: Net income attributable to Champion Homes increased 31% to $62 million, translating to earnings of $1.06 per diluted share, up from $0.81 per share in the prior year.
Shareholder Return Strategy: The company returned $20 million to shareholders through share repurchases and replenished its $100 million share repurchase authority, indicating strong cash generation and confidence in future growth.
Negative
Canadian Market Downturn: Canadian revenue during the quarter was $26,000,000 representing a 16% decline in the number of homes sold versus the prior year period, indicating a significant downturn in the Canadian market.
Home Price Decline: The average home selling price in Canada decreased 0.6% to $122,900 primarily due to a shift in product mix, reflecting challenges in maintaining pricing power in that market.
Rising SG&A Expenses: SG&A expenses increased by $23,000,000 over the prior year period to $108,000,000, indicating rising operational costs that could pressure future profitability despite revenue growth.
Decline in Operating Cash Flows: Operating cash flows for the quarter were $50,000,000, down from $90,000,000 in the prior year period, highlighting a concerning decline in cash generation capabilities.
Gross Margin Outlook: The company anticipates gross margins to return to the 26% to 27% range, suggesting a potential decrease in profitability as the benefits of lower input costs dissipate.
SKY FAQs
How does SKY typically perform around its earnings report dates?
Is Skyline Champion Corp (SKY) Q3 2024 Earnings Call Summary positive or negative?
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SKY Earning Call Sentiment
Earnings call transcript: Champion Homes Q3 2024 beats estimates, stock rises
SKY.N
-3.32%Positive
The earnings call reveals strong financial performance, with significant year-over-year growth in net sales, homes sold, and net income. The company's strategic initiatives, such as the Regional Homes acquisition and share repurchase plan, are positive indicators. Despite some concerns about seasonal demand fluctuations and unclear responses on tariffs, the overall sentiment is positive due to optimistic Q4 guidance, strong gross margins, and robust shareholder return plans.
