SKY - Skyline Champion soars 14% post Q4 estimates beat improved margins

Skyline Champion ([[SKY]] +14.2%) rallies post Q4 results substantial beat, with revenue growth of 48.6% Y/Y to $447.6M; and net income increased to $33.89M (464.9% Y/Y).Q4 Gross margin improved by 222 bps to 22.1%; and operating margin expanded by 616 bps to 10.4%.Adj. EBITDA increased by 155.4% Y/Y to $51.21M, and margin improved by 478 bps to 11.4%.U.S. factory-built homes sold increased 28.7% Y/Y to 5,923; and Average selling price per U.S. home sold increased by 11.6% Y/Y to $67,200.Canadian factory-built homes sold increased to 419 homes compared to 130 homes in the prior-year period.Total backlog increased to $858.6M (+573.7% Y/Y), driven by strong order levels that have outpaced production and the acquisition of ScotBilt Homes, LLC and related companies.Net cash provided by operating activities for the fiscal was $153.89M, compared to $76.74M a year ago. Company has Cash and cash equivalents of $262.6M as of April 3, 2021.“Demand for affordable housing solutions accelerated over the

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Skyline Champion soars 14% post Q4 estimates beat, improved margins