Q1 2026 Champion Homes Inc Earnings Call Transcript
Key Points
- Champion Homes Inc (SKY) reported a 12% year-over-year increase in net sales for the first quarter, reaching $701 million.
- The company saw an 8% increase in homes sold, totaling 7,215 homes during the period.
- Gross profit increased by 16% to $190 million, with gross margin expanding by 90 basis points to 27.1%.
- Champion Homes Inc (SKY) successfully closed the acquisition of Iseman Homes, contributing to increased sales and synergies.
- The company maintained a strong cash position with $605 million in cash and cash equivalents, enabling $50 million in share repurchases.
- Manufacturing backlog decreased by 12% sequentially, totaling $302 million at the end of June.
- The average home selling price in Canada decreased by 3% due to a shift in product mix.
- The company anticipates some moderation in the community channel, which may impact near-term order rates.
- Champion Homes Inc (SKY) expects second-quarter revenue to be flat to up low single digits compared to the prior-year period.
- The company is facing cautious consumer sentiment and softer demand in certain markets, impacting gross margin expectations.
Good morning, and welcome to the Champion Homes first quarter fiscal 2026 earnings call. My name is Mina, and I will be coordinating your call today. 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 first quarter ended June 28, 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.
Yesterday, after the market closed, 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 results are subject to risks and uncertainties that could cause actual results to differ materially from the company's expectations. Such risks and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
