Skyline Corporation (SKY) Tops Q3 EPS by 1c, Revenues Miss

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Skyline Champion Announces Third Quarter Fiscal 2020 Results

January 28, 2020 4:10 PM EST

TROY, Mich.--(BUSINESS WIRE)-- Skyline Champion Corporation (NYSE: SKY) (Skyline Champion) today announced financial results for its third quarter ended December 28, 2019 of the fiscal year ending March 28, 2020 (fiscal 2020).

Third Quarter Fiscal 2020 Highlights (compared to Third Quarter Fiscal 2019)

Net sales decreased 3.5% to $342.2 million U.S. factory-built homes sold increased 0.3% to 5,033 Gross profit as a percent of sales expanded by 180 basis points to 20.1% Net income increased 62.0% to $17.0 million Earnings per share (EPS) of $0.30, an increase of 57.9% compared to EPS of $0.19 Excluding non-recurring expenses, Adjusted EPS was $0.32, an increase... More