Skyline Champion Files 2024 10-K

TL;DR

Skyline Champion dropped its 2024 10-K. Check financials for FY ending March 30.

AI Summary

Skyline Champion Corp. filed its 10-K for the fiscal year ending March 30, 2024. The company, a major player in the manufactured housing industry, reported on its financial performance and business operations. Key details include its fiscal year end of April 1st and its primary business address in Troy, Michigan.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Skyline Champion's financial health, strategic initiatives, and risk factors for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — 10-K filings inherently carry medium risk due to the detailed financial and operational information that can impact stock price.

Key Numbers

• 20240330 — Fiscal Year End (The end date of the reporting period for the 10-K.)
• 20240529 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• Skyline Champion Corp. (company) — Filer of the 10-K
• 20240330 (date) — End of the reporting period
• 20240529 (date) — Filing date
• Troy, MI (location) — Company's business address
• 0000090896 (company_id) — Central Index Key for Skyline Champion Corp.

FAQ

Key Financial Figures

• $0.0277 — he Registrant's common stock, par value $0.0277 per share, held by non-affiliates was $
• $2.0 billion — , 2024 ("fiscal 2024") of approximately $2.0 billion. We have more than 70 years of homebuil
• $137.8 million — n agreement with ECN in which we made a $137.8 million equity investment in ECN on a private p

Filing Documents

• sky-20240330.htm (10-K) — 2793KB
• sky-ex21_1.htm (EX-21.1) — 28KB
• sky-ex23_1.htm (EX-23.1) — 6KB
• sky-ex31_1.htm (EX-31.1) — 14KB
• sky-ex31_2.htm (EX-31.2) — 15KB
• sky-ex32_1.htm (EX-32.1) — 8KB
• sky-ex97.htm (EX-97) — 16KB
• img76384204_0.jpg (GRAPHIC) — 218KB
• 0000950170-24-065649.txt ( ) — 12852KB
• sky-20240330.xsd (EX-101.SCH) — 1650KB
• sky-20240330_htm.xml (XML) — 2476KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 19 Item 1C. Cybersecurity 19 Item 2.

Properties

Properties 20 Item 3.

Legal Proceedings

Legal Proceedings 21 Item 4. Mine Safety Disclosures 21 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6. Reserved 23 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 36 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 36 Item 9A.

Controls and Procedures

Controls and Procedures 36 Item 9B. Other Information 37 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection 37 PART III Item 10. Directors, Executive Officers, and Corporate Governance 38 Item 11.

Executive Compensation

Executive Compensation 38 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 38 Item 13. Certain Relationships and Related Transactions, and Director Independence 39 Item 14. Principal Accountant Fees and Services 39 PART IV Item 15. Exhibits and Financial Statement Schedules 40 (a) Financial Statements and Financial Statement Schedules 40 Item 16. Form 10-K Summary 42 PART I Cautionary Statement About Forward-Looking Statements Some of the statements in this Annual Report on Form 10-K (this "Annual Report") that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about our expectations regarding our future liquidity, earnings, expenditures, and financial condition. These statements are often identified by the words "will," "could", "should," "anticipate," "believe," "expect," "intend," "estimate," "hope," or similar expressions. These statements reflect management's current views with respect to future events and are subject to risks and uncertainties. There are risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those in our forward-looking statements, including regional, national and international economic, financial, public health and labor conditions, and the following: Supply-related issues, including prices and availability of materials; labor-related issues; inflationary pressures in the North American economy; the cyclicality and seasonality of the housing industry and its sensitivity to changes in general economic or other business conditions; demand fluctuations in the housing industry, including as a result of actual or anticipated increases in homeowner borrowing rates; the possible unavailability of additional capital when needed; competition and competitive pressures; changes in co

B USINESS

ITEM 1. B USINESS General Overview Skyline Champion Corporation, an Indiana corporation, and its consolidated subsidiaries are referred to herein as "Skyline Champion," "us," "we," "our," the "Company," and any other similar terms, unless otherwise indicated in this Annual Report. We are a leading producer of factory-built housing in North America with net sales for the year ended March 30, 2024 ("fiscal 2024") of approximately $2.0 billion. We have more than 70 years of homebuilding experience, approximately 8,600 employees and 48 manufacturing facilities located in 20 states across the United States and three provinces in western Canada. We offer a leading portfolio of manufactured and modular homes, park model RVs, accessory dwelling units ("ADUs") and modular buildings for the multi-family market. Our facilities are strategically located to serve strong regions in the United States and western Canada. We operated 19 manufacturing facilities in the top ten states with the highest number of manufactured homes shipped in fiscal 2024. We believe that we maintained the following leading positions in the factory-built housing industry in the United States and western Canada (based on units) in calendar year 2023: Number two position in the manufactured housing segment in the United States Number one modular builder in the United States A leading position in western Canada A leading position in park model RV sales We believe our leading positions are driven by our comprehensive product offering, strong brand reputation, broad manufacturing footprint, and our complementary retail, construction services, and logistics businesses. Our market share in the United States total housing market is approximately 2.1% in fiscal 2024. We design and build a range of manufactured and modular homes, park model RVs and cabins, ADUs, and commercial structures. We believe that the high quality and broad scope of our product and service offerings provide us a competitiv

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View this 10-K filing on SEC EDGAR