Skyline Champion Corporation (NYSE:SKY) Q4 2024 Earnings Conference Call May 22, 2024 9:00 AM ET
Company Participants
Mark Yost - President & CEO
Laurie Hough - EVP & CFO
Conference Call Participants
Phil Ng - Jefferies
Mike Dahl - RBC Capital Markets
Christopher Kalata - RBC Capital Markets
Daniel Moore - CJS Securities
Elizabeth Langan - Barclays Bank
Danny Eggerichs - Craig-Hallum Capital Group
Jay McCanless - Wedbush Securities
Operator
Good morning, and welcome to Skyline Champion Corporation's Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. The company issued its earnings press release yesterday after the close.
I'd like to remind everyone that today's press release and statements made during this call include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the company's expectations and projections. Such risks and uncertainties include the factors set forth in the earnings release and in the company's filings with the Securities and Exchange Commission.
Additionally, during today's call, the company will discuss non-GAAP financial measures, which it believes can be useful in evaluating its performance. A definition and reconciliation of these measures can be found in the earnings release.
I would now like to turn the call over to your host, Mr. Mark Yost, Skyline Champion's President and Chief Executive Officer. Please go ahead.
Mark Yost
Thank you for joining our earnings call, and good morning, all. I am pleased to have Laurie Hough, our EVP and CFO, with me today. On this call, I will briefly cover the highlights from the full year and the fourth quarter. I will also update you on our progress in the first quarter of fiscal 2025 and share some insights on our expectations for the remainder of the year.
In fiscal 2024, Skyline Champion made significant strides in executing our strategic vision through investments in integrated turnkey solutions for retail, financial services and home completion. These efforts not only broaden our geographical reach and enhanced our market approach, but also upgraded our digital lead management systems, improving service to customers and expanding the market for our products.
In line with our investment priorities, we also approved a share repurchase program for up to $100 million of our common stock. This decision reflects our strong balance sheet, robust cash generation while returning excess capital to shareholders after investing in strategic and growth priorities.