Champion Homes, Inc. Files 8-K on Financials and Operations
Ticker: SKY · Form: 8-K · Filed: Feb 4, 2025 · CIK: 90896
Sentiment: neutral
Topics: financial-condition, operations, company-history
TL;DR
Champion Homes dropped an 8-K detailing financials and operations. Check it out.
AI Summary
Champion Homes, Inc. filed an 8-K on February 4, 2025, reporting on its results of operations and financial condition, other events, and financial statements. The filing also notes the company's former names, Skyline Champion Corp and SKYLINE CORP, with name changes occurring in 2018 and 1992, respectively. The principal executive offices are located at 755 West Big Beaver Road, Suite 1000, Troy, Michigan.
Why It Matters
This 8-K filing provides an update on Champion Homes' financial performance and operational status, which is crucial for investors to assess the company's current health and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting on financial condition and operations, without any immediate indication of significant adverse events.
Key Players & Entities
- Champion Homes, Inc. (company) — Registrant
- Skyline Champion Corp (company) — Former company name
- SKYLINE CORP (company) — Former company name
- February 04, 2025 (date) — Date of report
- 755 West Big Beaver Road, Suite 1000, Troy, Michigan 48084 (location) — Principal executive offices
FAQ
What specific financial results or operational events are detailed in this 8-K filing?
The filing indicates it covers 'Results of Operations and Financial Condition' and 'Other Events', but the specific details are not provided in the provided text.
When was the company formerly known as Skyline Champion Corp?
The company was formerly known as Skyline Champion Corp until June 1, 2018.
What is the IRS Employer Identification Number for Champion Homes, Inc.?
The IRS Employer Identification Number for Champion Homes, Inc. is 35-1038277.
In which state was Champion Homes, Inc. incorporated?
Champion Homes, Inc. was incorporated in Indiana.
What is the SIC code for Champion Homes, Inc.?
The Standard Industrial Classification (SIC) code for Champion Homes, Inc. is 2451, which corresponds to MOBILE HOMES.
Filing Stats: 655 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2025-02-04 16:15:08
Key Financial Figures
- $20.0 m — repurchase program up to an additional $20.0 million, which was also announced in the
Filing Documents
- sky-20250204.htm (8-K) — 42KB
- sky-ex99_1.htm (EX-99.1) — 539KB
- img82385316_0.jpg (GRAPHIC) — 158KB
- 0000950170-25-013452.txt ( ) — 931KB
- sky-20250204.xsd (EX-101.SCH) — 23KB
- sky-20250204_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 4, 2025, Champion Homes, Inc. (the "Company") issued a press release relating to its results of operations and financial condition for the quarter ended December 28, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The attached press release contains both U.S. Generally Accepted Accounting Principles ("GAAP") and non-GAAP financial measures. Reconciliations between non-GAAP and GAAP financial measures are included in the attached press release. The Company's management utilizes non-GAAP financial information to provide a useful measure of comparative operating performance of the Company. The non-GAAP financial measures are supplemental to, and not a substitute for, measures of financial performance prepared in accordance with GAAP. The press release, and the information set forth therein, is being furnished pursuant to Item 2.02 of this Current Report and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that Section. Nor shall such document be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in the filing unless specifically stated so therein.
01 Other Events
Item 8.01 Other Events. On January 30, 2025, the Company's Board of Directors approved an increase to the Company's existing share repurchase program up to an additional $20.0 million, which was also announced in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K. Portions of such press release with respect to the share repurchase program are incorporated in this Item 8.01 by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. 99.1 Press Release issued by Champion Homes, Inc. on February 4, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Champion Homes, Inc. Date: February 4, 2025 By: /s/ Laurel Krueger Laurel Krueger Senior Vice President, General Counsel and Secretary