Skyline Champion Announces Fourth Quarter and Full Year Fiscal 2020 Results
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Skyline Corporation (SKY) Tops Q4 EPS by 4c, Revenues Miss
May 20, 2020 4:08 PM EDTSkyline Corporation (NYSE: SKY) reported Q4 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $301.1 million versus the consensus estimate of $312.39 million.
Fourth Quarter Fiscal 2020 Highlights (compared to Fourth Quarter Fiscal 2019)
Net sales decreased 8.1% to $301.1 millionU.S. factory-built homes sold decreased 4.8% to 4,603Gross profit as a percent of sales declined by 40 basis points to 19.9%Net income decreased by 34.5% to $6.0 millionEarnings per share (EPS) decreased to $0.11 from $0.16Excluding non-recurring expenses, Adjusted EPS decreased to $0.14 from $0.26Adjusted EBITDA decreased 17.0% to $20.1... More