Company profile

Ticker
SKY
Exchange
CEO
Mark Jason Yost
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Skyline Corp
SEC CIK
IRS number
351038277

SKY stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

21 May 20
3 Jul 20
28 Mar 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 301.15M 342.24M 354.46M 371.89M
Net income 6M 17.04M 17.75M 17.38M
Diluted EPS 0.11 0.3 0.31 0.31
Net profit margin 1.99% 4.98% 5.01% 4.67%
Operating income 12.82M 23.66M 25.65M 24.32M
Net change in cash 38.17M 16.55M 11.09M 17.01M
Cash on hand 209.46M 171.29M 154.74M 143.65M
Cost of revenue 241.16M 273.34M 280.4M 295.85M
Annual (USD) Mar 20 Mar 19 Mar 18 Apr 17
Revenue 1.37B 1.36B 1.06B 861.32M
Net income 58.16M -58.21M 15.8M 51.91M
Diluted EPS 1.02 -1.09 0.33 1.09
Net profit margin 4.25% -4.28% 1.48% 6.03%
Operating income 86.46M -29.74M 54.59M 34.65M
Net change in cash 82.82M 12.9M 32.72M
Cash on hand 209.46M 126.63M 113.73M 81.01M
Cost of revenue 1.09B 1.11B 887.61M 717.36M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Jul 20 Kimmell Joseph A. Common Stock Payment of exercise Dispose F 23.95 53 1.27K 38,945
1 Jul 20 Hough Laurie M. Common Stock Payment of exercise Dispose F 23.95 112 2.68K 160,946
1 Jul 20 Lyall Jonathan Wade Common Stock Payment of exercise Dispose F 23.95 53 1.27K 40,396
1 Jul 20 Yost Mark J. Common Stock Payment of exercise Dispose F 23.95 162 3.88K 394,674
1 Jul 20 Anderson Keith A Common Stock Payment of exercise Dispose F 23.95 576 13.8K 570,042
13F holders
Current Prev Q Change
Total holders 167 181 -7.7%
Opened positions 22 33 -33.3%
Closed positions 36 18 +100.0%
Increased positions 59 65 -9.2%
Reduced positions 66 62 +6.5%
13F shares
Current Prev Q Change
Total value 2.55B 5.79B -56.1%
Total shares 53.78M 53.34M +0.8%
Total puts 317.6K 9.9K +3108.1%
Total calls 140.8K 204.8K -31.3%
Total put/call ratio 2.3 0.0 +4566.3%
Largest owners
Shares Value Change
Wellington Management 7.9M $123.87M -0.3%
BLK BlackRock 3.89M $61.05M -0.1%
Mak Capital One 3.37M $52.82M 0.0%
Vanguard 3.14M $49.24M +2.9%
N Price T Rowe Associates 2.35M $36.86M -1.8%
Adage Capital Partners GP, L.L.C. 1.81M $28.45M +139.2%
FMR 1.63M $25.52M +49.2%
Alliancebernstein 1.59M $24.98M -20.9%
AMP Ameriprise Financial 1.58M $24.73M -8.6%
Ranger Investment Management 1.52M $23.77M +8.5%
Largest transactions
Shares Bought/sold Change
Adage Capital Partners GP, L.L.C. 1.81M +1.06M +139.2%
Westfield Capital Management 682.89K +682.89K NEW
FMR 1.63M +536.64K +49.2%
American Century Companies 24.75K -515.01K -95.4%
Loomis Sayles & Co L P 695.07K +463.59K +200.3%
Intrinsic Edge Capital Management 0 -426.62K EXIT
Alliancebernstein 1.59M -420.76K -20.9%
Allianz Asset Management GmbH 0 -299.1K EXIT
Schroder Investment Management 1.13M +291.03K +34.5%
Fuller & Thaler Asset Management 0 -244.75K EXIT

Financial report summary

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Competition
MhiCavco IndustriesClayton HomesMhiLegacy Housing
Risks
  • The COVID-19 pandemic has had, and is expected to continue to have, significant adverse effects on our financial condition, results of operations, cash flows, and business.
  • 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. Reductions in demand could adversely affect our business, results of operations, and financial condition.
  • 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.
  • 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.
  • Prices of certain materials can fluctuate and availability of certain materials may be limited at times, adversely affecting our business.
  • For some of the components used in production, we depend on a small group of suppliers, the loss of any of which could adversely affect our ability to obtain components in a timely manner or at competitive prices, which would in turn decrease our sales and profit margins. Some components are sourced from foreign sources. Delays in obtaining these components or the imposition of new or additional tariffs could result in increased costs and decreased sales and profit margins.
  • Our results of operations can be adversely affected by labor shortages and turnover.
  • Industry conditions and future operating results could limit our sources of capital. If we are unable to locate suitable sources of capital when needed, we may be unable to maintain or expand our business.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • Natural disasters and severe weather conditions could delay deliveries, increase costs, and decrease demand for new factory-built homes in affected areas.
  • Mergers and acquisitions in which we might engage involve risks that could adversely affect our business.
  • Changes in foreign exchange rates could adversely affect the value of our investments in Canada and cause foreign exchange losses.
  • 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.
  • Our risk management practices may leave us exposed to unidentified or unanticipated risk.
  • Unregistered Sales of Equity Securities
  • Issuer Purchases of Securities
Management Discussion
  • ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Certain statements set forth below under this caption constitute forward-looking statements. See Part I, “Cautionary Statement About Forward-Looking Statements,” of this Annual Report on Form 10-K for additional factors relating to such statements, and see Item 1A, “Risk Factors,” of this Annual Report for a discussion of certain risks applicable to our business, financial condition, results of operations and cash flows.
  • Champion Enterprises Holding, LLC (“Champion Holdings”) was formed as a Delaware limited liability company in 2010. Skyline Corporation (“Skyline”) was originally incorporated in Indiana. On June 1, 2018, Skyline Champion Corporation (the “Company”) was formed by Skyline and Champion Holdings combining their operations pursuant to the Exchange Agreement.
Content analysis ?
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