Skyline Corporation (SKY) Tops Q1 EPS by 18c, Revenues Beat
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Skyline Champion Announces First Quarter Fiscal 2021 Results
July 29, 2020 4:05 PM EDTTROY, Mich.--(BUSINESS WIRE)-- Skyline Champion Corporation (NYSE: SKY) (Skyline Champion), today announced financial results for its first quarter ended June 27, 2020 for the fiscal year ending April 3, 2021 (fiscal 2021).
First Quarter Fiscal 2021 Highlights (compared to First Quarter Fiscal 2020)
Net sales decreased 26.5% to $273.3 million U.S. factory-built homes sold decreased 26.1% to 4,028 Gross profit as a percent of sales declined by 60 basis points to 19.8% Net income decreased by 31.5% to $11.9 million Earnings per share (EPS) decreased to $0.21 from $0.31 Excluding non-recurring expenses, Adjusted EPS decreased to $0.22 from $0.35 Adjusted... More