Q4 2025 Champion Homes Inc Earnings Call Transcript
Key Points
- Champion Homes Inc (SKY) reported a 19% increase in homes sold year-over-year, with revenue growth of 23%, reaching $2.5 billion in fiscal 2025.
- The company successfully expanded its retail capabilities, announcing the acquisition of Iseman Homes, which is expected to enhance growth in the plains region of the US.
- Champion Homes Inc (SKY) experienced a positive reception to its new products at the International Builders' Show, showcasing affordable turnkey homes.
- The company's backlog at the end of the year was $343 million, up 9% from the previous year, indicating strong future demand.
- Champion Financing, a joint venture with Triad Financial Services, continues to perform well, supporting growth with effective retail loan programs.
- The company faced challenges with tariffs and inflation, impacting consumer sentiment and creating an unpredictable market environment.
- There was a sequential decrease in revenue in the fourth quarter compared to the third quarter, attributed to normal seasonality and weather impacts.
- Champion Homes Inc (SKY) reported a decline in gross margin sequentially from the fiscal third quarter, primarily due to higher material input costs and lower capacity utilization.
- The company idled one of its production locations in Florida due to slow demand recovery from the 2024 hurricanes.
- There is a shift in consumer trends towards smaller floor plans with fewer features, impacting the average selling price and potentially affecting margins.
Good morning. Welcome to the Champion Homes fourth-quarter fiscal 2025 earnings call. My name is Sherry. I will be coordinating your call today. (Operator Instructions) As a reminder, this conference is being recorded. I will now turn the call over to your host Jason Blair to begin. Jason, please go ahead.
Good morning. Thank you for taking the time to join us for today's conference call and review of our business results for the fourth quarter and full year ending March 29, 2025.
Here to review our results are Tim Larson, Champion Homes' President and Chief Executive Officer; and Laurie Hough, Executive Vice President, Chief Financial Officer, and Treasurer. Earlier this morning, we issued our earnings release.
As a reminder, the earnings release and statements made during today's 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
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