Docoh
Loading...

SKY Skyline Champion

Skyline Champion Corporation was formed on June 1, 2018 as the result of the combination of Skyline Corporation ('Skyline') and the operating assets of Champion Enterprises Holdings, LLC ('Champion'). The combined company employs approximately 6,700 people and is the largest independent, publicly traded, factory-built housing company in North America. With almost 70 years of homebuilding experience and 38 manufacturing facilities throughout the United States and western Canada, Skyline Champion is well positioned with a leading portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, hospitality, senior and workforce housing sectors. In addition to its core home building business, Skyline Champion operates a factory-direct retail business, Titan Factory Direct, with 18 retail locations spanning the southern United States, and Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States. Skyline Champion builds homes under some of the most well known brand names in the factory-built housing industry including Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S., and Moduline and SRI Homes in western Canada.

Company profile

Ticker
SKY
Exchange
CEO
Mark Jason Yost
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SKYLINE CORP
SEC CIK
IRS number
351038277

SKY stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

26 May 21
31 Jul 21
26 Mar 22
Quarter (USD)
Apr 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Apr 21 Mar 20 Mar 19 May 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 262.58M 262.58M 262.58M 262.58M 262.58M 262.58M
Cash burn (monthly) 1.49M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 5.85M n/a n/a n/a n/a n/a
Cash remaining 256.73M n/a n/a n/a n/a n/a
Runway (months of cash) 172.0 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Jul 21 Anderson Keith A Common Stock Payment of exercise Dispose F No No 54.94 11,571 635.71K 285,377
12 Jul 21 Timothy A. Burkhardt Common Stock Payment of exercise Dispose F No No 54.94 968 53.18K 33,031
12 Jul 21 Hough Laurie M. Common Stock Payment of exercise Dispose F No No 54.94 2,822 155.04K 59,152
12 Jul 21 Kimmell Joseph A. Common Stock Payment of exercise Dispose F No No 54.94 993 54.56K 33,714
12 Jul 21 Yost Mark J. Common Stock Payment of exercise Dispose F No No 54.94 4,204 230.97K 337,451

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 179 168 +6.5%
Opened positions 34 23 +47.8%
Closed positions 23 20 +15.0%
Increased positions 55 61 -9.8%
Reduced positions 73 62 +17.7%
13F shares
Current Prev Q Change
Total value 3.11B 2.1B +47.9%
Total shares 54.42M 54.71M -0.5%
Total puts 114.8K 11.9K +864.7%
Total calls 24K 93.7K -74.4%
Total put/call ratio 4.8 0.1 +3666.4%
Largest owners
Shares Value Change
Wellington Management 6.82M $308.8M -12.6%
BLK Blackrock 4.33M $196.11M +2.1%
Wasatch Advisors 3.04M $137.72M +0.6%
Vanguard 3.01M $136.08M +0.3%
Mak Capital One 3M $135.78M -10.9%
TROW T. Rowe Price 2.31M $104.61M -2.5%
American Century Companies 2.14M $96.88M +55.5%
Alliancebernstein 1.7M $76.75M +2684.5%
GW&K Investment Management 1.45M $65.5M -0.0%
William Blair Investment Management 1.39M $62.82M +7.7%
Largest transactions
Shares Bought/sold Change
Alliancebernstein 1.7M +1.63M +2684.5%
AMP Ameriprise Financial 1.1M -1.08M -49.5%
Wellington Management 6.82M -987.42K -12.6%
SAMG Silvercrest Asset Management 1.24M +975.87K +373.9%
Adage Capital Partners GP, L.L.C. 34.03K -880.53K -96.3%
American Century Companies 2.14M +763.91K +55.5%
Schroder Investment Management 548.81K -415.14K -43.1%
Mak Capital One 3M -368.56K -10.9%
PRU Prudential Financial 357.41K +357.41K NEW
JHG Janus Henderson 1.19M +329.05K +38.3%

Financial report summary

?
Risks
  • The COVID-19 pandemic has materially and adversely impacted and disrupted our financial condition, results of operations, cash flows and business and we expect it could continue to do so.
  • Raw material shortages and price increases could delay or increase the cost of construction of our products which could materially and adversely impact our results of operations and our cash flows.
  • The factory-built housing industry is cyclical, is affected by seasonality and is sensitive to changes in general economic or other business conditions.
  • We are subject to demand fluctuations in the housing industry. Changes in demand could adversely affect our business, results of operations, and financial condition.
  • Factory-built housing operates in the highly competitive housing industry, and, if other home builders are more successful or offer better value to our customers, then our business could decline.
  • Increases in the after-tax costs of owning a factory-built home could deter potential customers from buying our products and adversely affect our business or results of operations.
  • Natural disasters and severe weather conditions could delay deliveries, increase costs, and decrease demand for new factory-built homes in affected areas.
  • Environmental laws and regulations relating to climate change and energy can have an adverse impact on our business, our results of operations and on the availability and price of certain raw materials.
  • If the factory-built housing industry is not able to secure favorable local zoning ordinances, our sales could decline and our results of operations and cash flows could suffer.
  • We are subject to extensive regulation affecting the production and sale of factory-built housing, which could adversely affect our business, financial condition, and results of operations.
  • The transportation industry is subject to government regulation, and regulatory changes could have a material adverse effect on our results of operations or financial condition.
  • Our results of operations can be adversely affected by labor shortages, turnover and labor cost inflation.
  • If we are unable to establish or maintain relationships with independent distributors that sell our homes, our sales could decline and our results of operations and cash flows could suffer.
  • When we introduce new products into the marketplace, we may incur expenses that we did not anticipate, which, in turn, can result in reduced earnings.
  • Our products and services may experience quality problems from time to time that can result in decreased sales and gross margin and can harm our reputation.
  • We may not be able to manage our business effectively if we cannot retain current management team members or if we are unable to attract and motivate key personnel.
  • Product liability claims and litigation and warranty claims that arise in the ordinary course of business may be costly, which could adversely affect our results of operations.
  • Data security breaches, cybersecurity attacks, and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
  • Our risk management practices may leave us exposed to unidentified or unanticipated risk.
  • Future increases in interest rates, more stringent credit standards, tightening of financing terms, or other increases in the effective costs of owning a factory-built home (including those related to regulation or other government actions) could limit the purchasing power of our potential customers and could adversely affect our business and financial results.
  • The availability of wholesale financing for retailers is limited due to a limited number of floor plan lenders and reduced lending limits.
  • We have contingent repurchase obligations related to wholesale financing provided to industry retailers.
  • Changes in foreign exchange rates could adversely affect the value of our investments in Canada and cause foreign exchange losses.
  • An impairment of all or part of our goodwill could adversely affect our operating results and net worth.
  • The replacement or modification of LIBOR as a reference rate could increase our interest expense in the future.
  • Our failure to maintain effective internal control over financial reporting could harm our business and financial results.
  • We anticipate paying no cash dividends for the foreseeable future.
  • Unregistered Sales of Equity Securities
  • Issuer Purchases of Securities
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: absenteeism, Advocacy, Alabama, array, ASP, attendance, benchmark, campaigned, CECL, channel, cloud, comparison, compatible, complement, conserving, consumption, conversion, cultivate, deployment, discrimination, drove, easier, efficacy, embedded, encourage, ESG, everyday, extra, fit, floorplan, foot, forefront, forest, forestry, foster, gap, gender, Habitat, harassment, incentivizing, inefficiency, Inline, investigated, journey, kind, lapse, larger, led, lengthened, member, membership, mentioned, mentoring, Millen, nationwide, onboarding, online, optimize, OSHA, outpaced, Pembroke, persist, premium, preserving, prevalent, race, rapid, rebounded, recycle, recycling, reforestation, religion, remodeling, remuneration, renovation, replenishing, repurposed, researching, resolved, retaliation, revitalizing, scarce, ScotBilt, sentiment, SHI, staffing, statute, strain, stricter, strongest, subside, subsidy, surpassed, tab, thought, tolerate, tree, trend, trended, undertaken, unique, usage, vacant, waste, watershed, witnessed, worsen
Removed: amendment, comparative, Domestic, eliminate, examination, foregoing, interim, minimum, originally, permitted, practical, readily, recognizing, reconciliation, retired, unpaid