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/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $701.30 $642.30

mln mln (6

Analysts

)

Q1 EPS $1.13

Q1 Net Beat $64.70 $47.30

Income mln mln (4

Analysts

)

Q1 Gross 27.1%

Margin

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 ( SKY ) 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:

(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.)