Skyline Champion: Weak Housing Demand And A Lack Of Margin Of Safety In Share Price [Seeking Alpha]
Skyline Champion Corporation (SKY)
Last skyline champion corporation earnings: 1/28 04:10 pm
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US:NYSE Investor Relations:
skylinecorp.com/?q=node/33
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Source: Seeking Alpha
However, the housing market is showing signs of weakness in FY2023, as volume was flat year-over-year in the US while Canada was down double digits. In 3Q24, revenue fell in the low single digits, but it was an improvement compared to the previous two quarters. The uncertainty in the Fed's rate cut timing and aging homes may create tailwinds for Skyline Champion in the longer term. However, I am recommending a hold rating as its share price lacks a margin of safety. Synopsis Skyline Champion ( NYSE: SKY ) specializes in factory-built housing in North America. It offers a range of manufactured and modular homes. SKY's historical financials have shown strong revenue growth driven by strong home demand and pricing. Additionally, its margins have expanded annually as well. However, in FY2023, the housing market is showing signs of demand weakness, as evident in the sales volumes. In 3Q24, revenue was down 3.9%, but it was much better than 2Q24's decrease of 42.5%. Although marg
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SKY
News
- Europe $25 Billion Prefabricated Building Market Outlook, 2029 [Yahoo! Finance]Yahoo! Finance
- Skyline Champion Corporation Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call [Yahoo! Finance]Yahoo! Finance
- Skyline Champion Corporation Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference CallBusiness Wire
- Skyline Champion (NYSE:SKY) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]Yahoo! Finance
- Does This Valuation Of Skyline Champion Corporation (NYSE:SKY) Imply Investors Are Overpaying? [Yahoo! Finance]Yahoo! Finance
SKY
Earnings
- 2/5/24 - Beat
SKY
Sec Filings
- 4/25/24 - Form 4/A
- 4/25/24 - Form 4/A
- 4/25/24 - Form 4/A
- SKY's page on the SEC website