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SKYLINEA CHAMPION SKYLINE CHAMPION ANNOUNCES FIRST QUARTER FISCAL 2022 RESULTS Troy , Michigan , August 3 , 2021 / Business Wire / -- Skyline Champion Corporation ( NYSE : SKY ) ( " Skyline Champion ” ) today announced financial results for its first quarter ended July 3 , 2021 for the fiscal year ending April 2 , 2022 ( " fiscal 2022 " ) . First Quarter Fiscal 2022 Highlights ( compared to First Quarter Fiscal 2021 ) Net sales increased 86.7 % to $ 510.2 million . U.S. factory - built homes sold increased 58.2 % to 6,372 • Total backlog increased by more than 500 % to $ 1.2 billion Average selling price ( " ASP " ) per U.S. home sold increased 16.2 % to $ 71,800 Gross profit margin expanded by 210 basis points to 21.9 % Net income increased by 260.4 % to $ 42.9 million Earnings per share ( " EPS " ) increased to $ 0.75 from $ 0.21 Adjusted EBITDA increased 178.2 % to $ 62.7 million Adjusted EBITDA margin expanded by 410 basis points to 12.3 % Net cash provided by operating activities of $ 31.9 million “ I am pleased to report that the first quarter of fiscal 2022 continued the strong sequential momentum we saw from the fourth quarter of fiscal 2021 , as we were able to increase production for our customers and drive unit volume growth , ” said Mark Yost , Skyline Champion's President and Chief Executive Officer . “ During the quarter we saw improved production levels , a full quarter's benefit from our ScotBilt acquisition , and operational improvements that were able to offset the margin deterioration from material inflation , leading to impressive quarterly results . Overall , our team is executing our strategy at a high level and , as a result , we are gaining strength in a very healthy demand environment . As we continue to enhance output capabilities through our strategic initiatives , I am increasingly confident in our ability to produce results and drive value for all of our stakeholders . " First Quarter Fiscal 2022 Results Net sales for the first quarter fiscal 2022 increased 86.7 % to $ 510.2 million compared to the prior - year period . The number of U.S. factory - built homes sold in the first quarter fiscal 2022 increased 58.2 % to 6,372 compared to the prior year first quarter , as a result of strong demand and increased production levels . The ASP per U.S. home sold increased 16.2 % to $ 71,800 due to price increases in response to rising material