Exhibit 99.1

SKYLINE CHAMPION ANNOUNCES THIRD QUARTER FISCAL 2019 RESULTS

ELKHART, Indiana, February 5, 2019 / Business Wire/

-- Skyline Champion Corporation (NYSE:SKY) (“Skyline Champion”) today announced financial results for its third quarter ended December 29, 2018 of the fiscal year ending March 30, 2019 (“fiscal 2019”).

On June 1, 2018, Skyline Corporation (“Skyline”) and Champion Enterprises Holdings, LLC (“Champion”), the parent company of Champion Home Builders, Inc., completed the combination of their operations (the “Combination”). The combined company operates as Skyline Champion Corporation and is traded on the New York Stock Exchange under the ticker symbol “SKY”. The third quarter of fiscal 2019 includes a full quarter of results for both the Skyline and Champion businesses. Results for the three months ended December 30, 2017 of the fiscal year ended March 31, 2018 (“fiscal 2018”) include only the results of Champion.

Third Quarter Fiscal 2019 Highlights (compared to Third Quarter Fiscal 2018)

 

Net sales increased 20% to $354.7 million

 

Total homes sold increased 16% to 5,348

 

Gross profit as a percent of sales of 18.3%  

 

Net income increased 95% to $10.5 million

 

EPS of $0.19; excluding non-recurring expenses, Adjusted EPS of $0.27

 

Adjusted EBITDA increased 3% to $26.4 million

“I am pleased to report another solid quarter for Skyline Champion. In the third quarter fiscal 2019 the company was successful in growing the topline and realizing merger synergies from its combined businesses,” said Keith Anderson, Skyline Champion’s Chief Executive Officer. “During the quarter we also made important growth investments as we completed the expansion of our Corona, California facility and made progress toward opening a new manufacturing facility in Leesville, Louisiana. The Leesville opening remains on schedule and will increase our capacity and help drive market share in the surrounding region. We remain excited about the progress we made during the quarter and the opportunities ahead for Skyline Champion.”

Third Quarter Fiscal 2019 Results

Net sales for the third quarter fiscal 2019 increased by 20% to $354.7 million compared to the prior-year period. The increase in net sales was driven primarily by an increase in the number of homes sold as well as a higher average selling price (“ASP”) per home sold, which increased due to market demand and product mix. The number of U.S. factory-built homes sold by Skyline Champion in the third quarter fiscal 2019 increased by 17% to 5,019 with U.S. ASPs increasing by 9% to $61,700. Average home sales prices rose in response to increased market demand for higher priced models. The number of Canadian factory-built homes sold increased by 2% to 329


The following information was filed by Skyline Champion Corp (SKY) on Wednesday, February 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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