Champion Homes Q1 Sales, Profit Beat Estimates; Buyback Refreshed to $150M
SKY sits 29% above its 52-week low of $63.69.
Summary
Champion Homes reported fiscal Q1 sales of $710.2M, up 1.3% and ahead of the $702.3M consensus. Adjusted EPS of $0.89 also beat estimates, though net income of $49.2M missed the $51.1M consensus. The company repurchased $50M in stock and refreshed its buyback authorization to $150M, signaling confidence in the shares. This follows the Q4 beat and acquisition of 11 retail locations in May, extending a pattern of steady execution. The stock trades at 22x forward earnings, with a median analyst target of $93, implying 15% upside from the pre-release close.
At the time of this announcement, SKY was trading at $82.36 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $63.69 to $99.17. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.