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SKYLINEA CHAMPION SKYLINE CHAMPION ANNOUNCES SECOND QUARTER FISCAL 2022 RESULTS Troy , Michigan , November 2 , 2021 / Business Wire / - Skyline Champion Corporation ( NYSE : SKY ) ( “ Skyline Champion ” ) today announced financial results for its second quarter ended October 2 , 2021 for the fiscal year ending April 2 , 2022 ( “ fiscal 2022 ” ) . Second Quarter Fiscal 2022 Highlights ( compared to Second Quarter Fiscal 2021 ) Net sales increased 62.6 % to $ 524.2 million U.S. factory - built homes sold increased 25.9 % to 5,902 Total backlog increased to $ 1.4 billion Average selling price ( " ASP " ) per U.S. home sold increased 32.3 % to $ 79,900 Gross profit margin expanded by 520 basis points to 24.7 % Net income increased by 189.7 % to $ 50.7 million Earnings per share ( " EPS " ) increased to $ 0.89 from $ 0.31 • Adjusted EBITDA increased 152.7 % to $ 73.1 million Adjusted EBITDA margin expanded by 490 basis points to 13.9 % Net cash provided by operating activities improved 80.1 % to $ 57.0 million " Skyline Champion had a strong second quarter , driven by solid execution from our team , and positive market fundamentals , ” said Mark Yost , Skyline Champion's President and Chief Executive Officer . “ With notable customer order rates above our production levels , along with strong backlogs , we remain focused on increasing production in the face of rising supply chain challenges . Streamlining of product , increasing capacity , and production automation are particularly important as we accelerate our investment in our digital platform . These investments combined with the long - term economic and demographic trends are creating a long runway of outsized growth . We are executing our strategy at a high level and I am increasingly confident in our team's ability to deliver results in this challenging supply environment which is anticipated to continue into next year . " Second Quarter Fiscal 2022 Results Net sales for the second quarter fiscal 2022 increased 62.6 % to $ 524.2 million compared to the prior - year