On this page of StockholderLetter.com we present the latest annual shareholder letter from Skyline Champion Corp — ticker symbol SKY. Reading current and past SKY letters to shareholders can bring important insights into the investment thesis.

Dear Fellow Shareholders,
As we close the chapter on fiscal year 2024, I am filled with pride and gratitude for our collective achievements in what can only be
described as challenging times. This past year has truly been about laying the groundwork for what I believe will be a
transformative era in our Company   s journey, consistent with our dedication to long-term value creation and redefining our position
within homebuilding.
This year, we provided 21,845 families with the keys to new homes, generating over $2 billion in revenue. Our home sales were
driven through our retail and builder developer channels, reflecting our successful direct-to-consumer efforts and the strong
demand for housing. Although there is a decreasing appetite for non-essential items among consumers, the need for attainable
housing remains steadfast.
Our innovation engine has been in high gear, planting    acorns        our term for nascent projects with massive potential. We have
initiated significant investments in digital technologies and automation which are beginning to pay dividends. Our digital platforms
have already attracted over two million followers, driving powerful lead generation. This digital engagement allows us to move
closer to a configurator that provides customers the ease of personalizing and pricing homes seamlessly. Moreover, with the initial
automation equipment ramping up and more being delivered this upcoming year, we are set to revolutionize our production
process, enhancing efficiency, and reducing material waste and labor challenges.
Our strategic moves this year to add retail and financing capabilities will enhance our investments in digital solutions, delivery, and
home completion. Both our channel partners and end consumers will greatly benefit from this comprehensive suite of turnkey
services. We can now assist our REIT and builder developer partners in selling homes in their developments, providing easy
access to various financing options including floorplan financing, chattel lending, and rental financing. These initiatives make us the
easiest homebuilder to do business with at just the right time.
Amidst a backdrop of economic headwinds, including rising interest rates and persistent inflation, the societal need for affordable
housing has never been more apparent. These challenges highlight a profound opportunity for our Company. Our mission is
clear     to lead with innovative, technology-driven solutions that not only address immediate housing needs but also contribute to
improvement in living standards.
With the enduring demand for our homes and in recognition of the stability of our solid financial footing and our commitment to
enhancing shareholder value, we have initiated a share repurchase program valued at up to $100 million. This not only reflects our
confidence in our future but also aligns with our prudent capital deployment strategy to drive sustainable growth.
Your trust and the unwavering dedication of our team propel us forward. As we lay the foundations today, we are not just building
homes; we are fostering communities and driving innovations that tackle real-world challenges. The initiatives we have embarked
on this year are merely the beginning.
Looking ahead, I am excited to continue advancing our vision, confident in our path to drive unprecedented growth and lasting
value in the ever-evolving homebuilding landscape.
Thank you for your continued trust and engagement.
Mark Yost
President and Chief Executive Officer
 • shareholder letter icon 6/20/2024 Letter Continued (Full PDF)
 • stockholder letter icon 6/16/2023 SKY Stockholder Letter
 • stockholder letter icon More "General Contractors & Builders" Category Stockholder Letters
 • Benford's Law Stocks icon SKY Benford's Law Stock Score = 88


SKY Shareholder/Stockholder Letter Transcript:


Dear Fellow Shareholders,
As we close the chapter on fiscal year 2024, I am filled with pride and gratitude for our collective achievements in what can only be
described as challenging times. This past year has truly been about laying the groundwork for what I believe will be a
transformative era in our Company   s journey, consistent with our dedication to long-term value creation and redefining our position
within homebuilding.
This year, we provided 21,845 families with the keys to new homes, generating over $2 billion in revenue. Our home sales were
driven through our retail and builder developer channels, reflecting our successful direct-to-consumer efforts and the strong
demand for housing. Although there is a decreasing appetite for non-essential items among consumers, the need for attainable
housing remains steadfast.
Our innovation engine has been in high gear, planting    acorns        our term for nascent projects with massive potential. We have
initiated significant investments in digital technologies and automation which are beginning to pay dividends. Our digital platforms
have already attracted over two million followers, driving powerful lead generation. This digital engagement allows us to move
closer to a configurator that provides customers the ease of personalizing and pricing homes seamlessly. Moreover, with the initial
automation equipment ramping up and more being delivered this upcoming year, we are set to revolutionize our production
process, enhancing efficiency, and reducing material waste and labor challenges.
Our strategic moves this year to add retail and financing capabilities will enhance our investments in digital solutions, delivery, and
home completion. Both our channel partners and end consumers will greatly benefit from this comprehensive suite of turnkey
services. We can now assist our REIT and builder developer partners in selling homes in their developments, providing easy
access to various financing options including floorplan financing, chattel lending, and rental financing. These initiatives make us the
easiest homebuilder to do business with at just the right time.
Amidst a backdrop of economic headwinds, including rising interest rates and persistent inflation, the societal need for affordable
housing has never been more apparent. These challenges highlight a profound opportunity for our Company. Our mission is
clear     to lead with innovative, technology-driven solutions that not only address immediate housing needs but also contribute to
improvement in living standards.
With the enduring demand for our homes and in recognition of the stability of our solid financial footing and our commitment to
enhancing shareholder value, we have initiated a share repurchase program valued at up to $100 million. This not only reflects our
confidence in our future but also aligns with our prudent capital deployment strategy to drive sustainable growth.
Your trust and the unwavering dedication of our team propel us forward. As we lay the foundations today, we are not just building
homes; we are fostering communities and driving innovations that tackle real-world challenges. The initiatives we have embarked
on this year are merely the beginning.
Looking ahead, I am excited to continue advancing our vision, confident in our path to drive unprecedented growth and lasting
value in the ever-evolving homebuilding landscape.
Thank you for your continued trust and engagement.
Mark Yost
President and Chief Executive Officer



shareholder letter icon 6/20/2024 Letter Continued (Full PDF)
 

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