Champion Homes Inc

Latest Results (03.04.2026):

Champion Homes, Inc. third quarter fiscal 2026 results (three months ended December 27, 2025): net sales rose modestly while margins and profitability softened — the company reported $656.6M in net sales, a 1.8% increase year-over-year, but experienced gross margin compression and lower net income and adjusted EBITDA versus the prior-year quarter.

Net sales and volume

Net sales: $656.6 million, up 1.8% YoY. U.S. homes sold: 6,270, down 2.6% YoY (partly due to lower sales to the community REIT channel and a favorable weather-driven comparison in the prior year).

Average selling price / mix

ASP per U.S. home: $99,300, up 4.6% YoY, driven by product mix changes and higher prices at Company-owned retail centers.

Profitability — gross margin and SG&A

Gross profit: $172.2 million; gross margin fell 190 basis points to 26.2% (higher materials costs and lower fixed-cost absorption). SG&A rose to $109.7 million but was roughly flat as a percentage of sales (16.7%).

Net income and EPS

Net income attributable to Champion Homes: $54.3 million, down 11.7% YoY. Diluted EPS: $0.97, down 8.5% YoY.

Adjusted EBITDA

Adjusted EBITDA: $74.8 million, down 10.2% YoY; adjusted EBITDA margin declined 150 basis points to 11.4%.

Cash, cash flow and capital return

Cash & cash equivalents at quarter end: $659.8 million (up $41.0M in the quarter). The company reported net cash generated by operating activities during the quarter (~$100.0M reported for the quarter) and repurchased $50.0 million of common stock; the board refreshed share repurchase authorization to $150 million on Jan 29, 2026.

Backlog and outlook commentary

Backlog decreased 15.1% sequentially to $266.0 million. Management noted continued focus on product differentiation, digital/retail strategies, and expects to pursue growth opportunities despite a challenging near-term environment.