Q4 2026 Champion Homes Inc Earnings Call Transcript
Key Points
- Champion Homes Inc (SKY) achieved a record number of homes sold in fiscal 2026, with 26,622 customers, the highest since going public in 2018.
- The acquisition of Homes Direct expands Champion Homes' retail presence in the West, adding 11 retail locations and increasing the total number of company retail stores in the US to 95.
- Fourth quarter net sales increased by 4.6% year-over-year, reaching $621.3 million, surpassing sales expectations.
- The company received industry recognition with the Best in American Living Gold Award and a 12th consecutive excellence award from the Manufactured Housing Institute.
- Champion Homes Inc (SKY) demonstrated strong cash flow, with net cash provided by operating activities increasing by 26.2% to $303.9 million for the full fiscal year.
- Manufacturing capacity utilization remained low at 59% in the fourth quarter, consistent with the third quarter and slightly below the previous year.
- The community channel experienced a decline in sales during the fourth quarter compared to the same period last year, partly due to extended weather impacts.
- The company's effective tax rate increased to 20.3% in the fourth quarter, up from 17.1% in the previous year.
- Input cost inflation, particularly in forest products, steel, and petroleum-based materials, is expected to pressure margins in the near term.
- The consumer environment remains challenging, with ongoing affordability issues and elevated CPI impacting purchasing power.
Good morning, and welcome to the Champion Homes fourth quarter fiscal 2026 earnings call. My name is Nikki, and 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 the company's recently appointed Head of Investor Relations, Ellen Kaleniecki, to begin. Ellen, please go ahead.
Good morning. Thank you for joining us for today's conference call and review of our business results for the fourth quarter and full year ended March 28, 2026. Here to review the results are Tim Larson, Champion Homes' President and CEO; and Dave McKinstray, Champion Homes' Executive Vice President, CFO and Treasurer. Earlier this morning, Champion Homes issued its 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
| 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
