Q1 2027 Champion Homes Inc Earnings Call Transcript

Aug 5, 2026 / 12:00 PM GMT

Release Date Price: $91.16 (+10.68%)

Transcript 10-Q8-K

Key Points

Positve

Champion Homes Inc (SKY) outperformed the broader industry with US home sales up 1.8% year-over-year, despite a 5% decline in industry shipments.
Manufacturing orders increased year-over-year, boosting backlog to $421.8 million from $302 million, with lead times within the target range.
The Homes Direct acquisition closed on August 1, advancing the direct-to-consumer strategy and expanding the retail platform to 95 stores.
The 21st Century Road to Housing Act became law, potentially expanding the addressable market for factory-built homes and improving zoning acceptance.
Strong cash generation with operating cash flow of $72.5 million and a robust balance sheet, supporting capital returns and strategic investments.

Negative

Consumer purchasing power remains under pressure with elevated interest rates, impacting affordability and demand.
Material costs remain elevated, pressuring gross margins, though inflation has slowed.
Adjusted gross margin declined to 25.2% due to pricing actions lagging cost increases, with expectations of only gradual improvement.
Effective tax rate increased to 25% due to the expiration of Energy Star tax incentives, reducing net income.
Canada home sales declined to 185 units from 250, impacted by weather-related disruptions, partially offset by higher ASPs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SKY.N - Champion Homes Inc
Q1 2027 Champion Homes Inc Earnings Call
Aug 05, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Champion Homes 1st quarter fiscal 2027 earnings call, my name is Erica and I will be coordinating your call today, a question-and-answer session will follow the formal remarks as a reminder, this conference is being recorded.

I will now turn the call over to Ellen Kalanicki, director of investor relations.

Ellen, please go ahead.

Good morning.

Thank you for joining us for today's conference call and review of champion Holmes results for the first quarter ended June 27th, 2026.

Here to review the results are Tim Larson, CEO, and Dave McKinstry, CFO.

Yesterday, after the market closed, Champion Homes issued its earnings release.

As a reminder,

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