SKY

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Champion Homes (NYSE:SKY) and the best and worst performers in the home builders industry. Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials. The 10 home builders stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 0.6%. In light of this news, share prices of the companies have held steady as they are up 2.8% on average since the latest earnings results. Founded in 1951, Champion Homes (NYSE:SKY) is a manufacturer of modular homes and buildings in North America. Champion Homes reported revenues of $710.2 million, up 1.3% year on year. This print exceeded analysts’ expectations by 1.1%. Overall, it was a strong quarter for the company with a decent beat of analysts’ EBITDA estimates and EPS in line with analysts’ estimates. Interestingly, the stock is up 10.7% since reporting and currently trades at $91.14. Is now the time to buy Champion Homes? Access our full analysis of the earnings results here, it’s free. Founded in 1977, Installed Building Products (NYSE:IBP) is a company specializing in the installation of insulation, waterproofing, and other complementary building products for residential and commercial construction. Installed Building Products reported revenues of $777.8 million, up 2.3% year on year, outperforming analysts’ expectations by 4.4%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates. Installed Building Products pulled off the biggest analyst estimate beat of the whole group. The market seems content with the results as the stock is up 1.8% since reporting. It currently trades at $245.96. Is now the time to buy Installed Building Products? Access our full analysis of the earnings results here, it’s free. Known for its unique land acquisition strategy, NVR (NYSE:NVR) is a respected homebuilder and mortgage company in the United States. NVR reported revenues of $2.33 billion, down 10.5% year on year, falling short of analysts’ expectations by 3.9%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates. NVR delivered the weakest performance against analyst estimates among its peers. Interestingly, the stock is up 2.3% since the results and currently trades at $6,495. Read our full analysis of NVR’s results here. One of the largest homebuilders in America, Lennar (NYSE:LEN) is known for constructing affordable, move-up, and retirement homes across a range of markets and communities. Lennar reported revenues of $7.94 billion, down 5.2% year on year. This number came in 2.4% below analysts’ expectations. Overall, it was a slower quarter for the company. The stock is down 7.9% since reporting and currently trades at $87.48. Read our full, actionable report on Lennar here, it’s free. One of the largest homebuilding companies in the U.S., D.R. Horton (NYSE:DHI) builds a variety of new construction homes across multiple markets. D.R. Horton reported revenues of $9.23 billion, flat year on year. This print was in line with analysts’ expectations. Aside from that, it was a slower quarter as it produced full-year revenue guidance missing analysts’ expectations significantly. The stock is up 3.6% since reporting and currently trades at $149.98. Read our full, actionable report on D.R. Horton here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Champion Homes posted results that were positively received by the market in Q2, with management highlighting a combination of rising sales volumes and operational discipline. CEO Timothy Larson credited the company’s performance to outpacing industry shipment trends and maintaining a diversified sales channel strategy. Management pointed to increased manufacturing utilization, a growing backlog, and resilient demand for affordable housing as key contributors this quarter. Larson noted, “Champion again outperformed the broader industry,” emphasizing strength in both independent retail and captive channels, as well as prudent production ramp-ups in high-demand regions. Is now the time to buy SKY? Find out in our full research report (it’s free). Revenue: $710.2 million vs analyst estimates of $702.4 million (1.3% year-on-year growth, 1.1% beat) Adjusted EPS: $0.88 vs analyst estimates of $0.87 (in line) Adjusted EBITDA: $73.58 million vs analyst estimates of $71.6 million (10.4% margin, 2.8% beat) Operating Margin: 8.5%, down from 11.2% in the same quarter last year Sales Volumes rose 1.8% year on year (6.5% in the same quarter last year) Market Capitalization: $5.05 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Will Schroeder (CJS Securities) asked about the pace of retail traffic and orders into early Q2. CEO Timothy Larson said traffic momentum remained strong across both digital and physical channels, contributing to backlog growth and supporting a positive outlook. Philip Ng (Jefferies) questioned whether mid-single-digit revenue growth guidance included Homes Direct. CFO David McKinstray clarified that Homes Direct was excluded from near-term guidance due to the timing of the transaction closing. Ng (Jefferies) also inquired about the potential timing and impact of the 21st Century ROAD to Housing Act. Larson emphasized the rulemaking process will be gradual, with meaningful benefits expected to accrue over time rather than immediately. John Lovallo (UBS) asked about optimal backlog levels for balancing visibility and efficiency. Larson explained that the 4- to 12-week backlog target allows flexibility for plant scheduling and customer needs while avoiding unnecessary cost increases. Jesse Lederman (Zelman) pressed for detail on the drivers behind sequential ASP declines. McKinstray pointed to stronger community and independent channel volumes, which carry lower ASPs, and clarified that mix headwinds were slightly greater than anticipated. Looking ahead, the StockStory team will be watching (1) the integration and early performance of Homes Direct within Champion’s retail network, (2) progress on HUD rulemaking and the timing of regulatory changes that could expand the market for factory-built homes, and (3) the company’s ability to manage input costs and deliver margin improvements as pricing and operational strategies take hold. Product mix shifts and channel performance will also be key indicators. Champion Homes currently trades at $93.20, up from $82.36 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Interested in Champion Homes, Inc.? Here are five stocks we like better. Champion Homes’ first-quarter fiscal 2027 results were resilient: Net sales rose 1.3% to $710.2 million and U.S. home shipments increased 1.8%, outperforming an approximately 5% decline in broader HUD industry shipments. Demand and production indicators improved: Backlog grew to $421.8 million from $302 million a year earlier, while manufacturing capacity utilization increased to 62%. Adjusted EBITDA was $73.6 million, with a 10.4% margin. Management expects continued growth but sees affordability pressures: Second-quarter revenue is projected to rise by a mid-single-digit percentage, with adjusted gross margins of 25%–26%. The Homes Direct acquisition should be additive over time, while new rules allowing some HUD homes without permanent chassis are viewed as a long-term market opportunity rather than a near-term earnings driver. 3 Stocks Built for America’s Affordable Housing Reality Champion Homes (NYSE:SKY) reported first-quarter fiscal 2027 results that management said were in line with expectations, as sales growth, higher manufacturing utilization and an expanding order backlog helped the company outperform the broader manufactured-housing industry. For the quarter ended June 27, 2026, net sales increased 1.3% from a year earlier to $710.2 million. U.S. homes sold rose 1.8% to 7,089 units, while the company said HUD industry shipments declined about 5% year over year during the three months ended May 2026. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Champion Homes: The Focus on Affordability Makes It a Winner CEO Tim Larson said the company saw encouraging demand during the quarter, with manufacturing orders increasing from the prior year and backlog rising to $421.8 million, compared with $302 million at the end of the prior-year first quarter. Manufacturing backlog lead time ended the quarter at about nine weeks, within Champion’s targeted range of four to 12 weeks. Champion’s manufacturing capacity utilization was 62%, up from 59% in the preceding quarter and 61% a year earlier. The company’s utilization calculation includes six idled facilities. → No Hangover: Revisiting Microsoft One Week After Earnings Modular Home Builder Skyline Champion Trading At New Highs Sales to independent retailers increased 4% from the prior-year period. Larson said the company continues to invest in dealer tools, including lead-management capabilities through its dealer portal and consumer digital-engagement efforts. Captive retail represented about 35% of consolidated sales, up from 34% a year earlier. Champion operated 95 captive retail stores at the end of the period, including 11 Homes Direct locations in the Western U.S. However, the first-quarter financial results did not include Homes Direct, as the acquisition closed Aug. 1. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Community orders increased modestly, with some larger operators contributing to growth, while builder-developer sales also rose year over year. Larson said momentum in the builder-developer channel accelerated during the quarter. He pointed to an off-site construction event in York, Nebraska, attended by more than 150 developers, builders, municipalities and housing advocates, as evidence of interest in modular and HUD housing solutions. During the question-and-answer session, Larson said shipment growth was stronger in Texas, Florida, Mississippi and Alabama, while the West and parts of the Midwest were weaker in the first quarter. He added that order and backlog trends were broadly positive across geographies, though the West showed relatively less strength. Adjusted gross profit totaled $179 million, producing an adjusted gross margin of 25.2%. CFO Dave McKinstray said the result reflected pricing actions, operational execution and efforts to offset elevated material costs. The company expects the benefits of its pricing and cost-mitigation actions to gain momentum in the second quarter. Adjusted selling, general and administrative expense was 16.4% of sales. Adjusted net income attributable to Champion was $48.3 million, or $0.88 per diluted share, while adjusted EBITDA was $73.6 million, representing a 10.4% margin. The company’s effective tax rate was approximately 25%, compared with 21% a year earlier. McKinstray attributed the increase to the expiration of ENERGY STAR-related tax incentives. Cash and cash equivalents totaled $784.7 million at quarter-end, up from $638.3 million at fiscal year-end, primarily due to proceeds from the ECN transaction. Operating cash flow was $72.5 million in the quarter. Champion repurchased and retired $50 million of common stock during the quarter. In July, its board refreshed the share-repurchase authorization to $150 million. Since the buyback program began in fiscal 2025, the company has repurchased $330 million of stock, or about 8% of its outstanding shares, according to McKinstray. Champion completed its acquisition of Homes Direct on Aug. 1. McKinstray said Homes Direct has about $70 million in sales and operates 11 locations. One location is next to Champion’s Chandler facility and had primarily sourced Champion products, while the other 10 locations operate like traditional dealers. The company expects the acquisition to be additive but relatively immaterial to second-quarter results because of the timing of the closing. Management said it expects to gradually migrate products supplied by other manufacturers at Homes Direct locations to Champion products. Larson also discussed the 21st Century ROAD to Housing Act, which became law July 10. The legislation could allow HUD homes to be built without a permanent chassis, though the company said HUD rulemaking, engineering specifications, transport requirements and local zoning adoption will take time. Champion does not expect a material impact from the change during fiscal 2027. Larson said the opportunity is primarily about expanding the addressable market and providing homes with aesthetics more comparable to site-built housing, rather than reducing costs. The company expects both chassis and non-chassis construction to remain relevant across its customer channels. For the second quarter of fiscal 2027, Champion expects revenue to increase by a mid-single-digit percentage from the prior-year period. The outlook excludes Homes Direct and reflects demand improvement seen during the first quarter and increased backlog across channels. The company expects adjusted gross margin of 25% to 26% and adjusted SG&A expense of 16% to 17% of sales. Management said consumer purchasing power remains under pressure and interest rates remain elevated, while material costs continue to be high despite a slower rate of inflation. McKinstray said average selling prices may vary quarter to quarter based on channel mix. The first-quarter mix included greater relative strength in independent dealer and community sales, which carry lower selling prices than company-owned retail sales. He said Champion expects average selling price to be sequentially higher in the second quarter but roughly flat to slightly lower year over year. Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines. The company's product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Champion Homes Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved 1.8% growth in U.S. home sales, significantly outperforming the broader HUD industry which saw a 5% decline in shipments during the same period. Strategic channel diversification provided resiliency, with independent retail sales up 4% and captive retail representing 35% of consolidated sales. Manufacturing utilization improved to 62% as the company ramped production in key markets to address growing backlogs and demand momentum. The demand environment remains encouraging with manufacturing orders increasing year-over-year, leading to a backlog of $421.8 million. Management attributed a slight sequential decline in Average Selling Price (ASP) to a shift in channel mix toward wholesale and consumers electing for base-level models. The acquisition of Homes Direct, closed on August 1, marks a critical milestone in accelerating the company's direct-to-consumer strategy in the Western U.S. Regulatory progress, specifically the 21st Century ROAD to Housing Act, is expected to expand the addressable market by allowing HUD homes without a permanent chassis. Q2 revenue is expected to grow in the mid-single digits organically, excluding any initial contributions from the Homes Direct acquisition. Adjusted gross margins are projected to reach 25% to 26% in the near term as pricing actions begin to catch up with previous material cost inflation. Management expects ASPs to be sequentially higher in Q2, though year-over-year comparisons may remain flat due to ongoing product and channel mix shifts. The implementation of new HUD rulemaking regarding chassis-less homes is expected to be a gradual process with no material impact anticipated in fiscal 2027. The effective tax rate is projected to rise to approximately 25% for fiscal 2027 following the expiration of ENERGY STAR-related tax incentives. The expiration of ENERGY STAR tax credits on July 1 will create a headwind for the effective tax rate compared to the prior year. Material costs remain at elevated levels across the industry, requiring ongoing pricing discipline and manufacturing efficiency to protect margins. Canadian operations faced volume declines during the quarter, primarily attributed to weather-related disruptions. The company refreshed its share repurchase authorization to $150 million, maintaining a focus on disciplined capital allocation. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management views the removal of the permanent chassis as a way to achieve aesthetic parity with site-built homes and expand into restricted zoning districts. The change is not primarily a cost-saving measure but a strategic move to engage a broader set of buyers, particularly in the builder-developer channel. Standardization under a national HUD code will still be prioritized to maintain manufacturing efficiency despite the increased design flexibility. The sequential decline was heavily influenced by channel mix; wholesale units sell for approximately $85,000 while captive retail units average $140,000 to $150,000. Consumer behavior is shifting toward base-level models within the multi-section category due to broader affordability pressures. Management expects sequential ASP improvement as pricing actions taken in Q1 fully take hold in the second quarter. The Homes Direct acquisition was not included in the Q2 organic growth guidance but will be additive to the total results. Integration will involve migrating the 11 retail locations from third-party manufacturers to Champion's own product lines over time. The acquisition is expected to increase absolute SG&A dollars but will eventually provide fixed-cost leverage as the top line expands.

Champion Homes (SKY) came out with quarterly earnings of $0.88 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.12%. A quarter ago, it was expected that this manufactured and modular housing maker would post earnings of $0.63 per share when it actually produced earnings of $0.68, delivering a surprise of +7.94%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Champion Homes, which belongs to the Zacks Building Products - Mobile Homes and RV Builders industry, posted revenues of $710.23 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $701.32 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Champion Homes shares have lost about 4.3% since the beginning of the year versus the S&P 500's gain of 11%. While Champion Homes has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Champion Homes was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $700 million in revenues for the coming quarter and $3.40 on $2.74 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Mobile Homes and RV Builders is currently in the bottom 1% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Construction sector, Aaon (AAON), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This maker of air conditioning and heating equipment is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +136.4%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. Aaon's revenues are expected to be $514.7 million, up 65.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Champion Homes, Inc. (SKY) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Modular home and building manufacturer Champion Homes (NYSE:SKY) will be reporting earnings this Tuesday afternoon. Here’s what to expect. Champion Homes beat analysts’ revenue expectations last quarter, reporting revenues of $621.3 million, up 4.6% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA and EPS estimates. Is Champion Homes a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Champion Homes’s revenue to be flat year on year, slowing from the 11.7% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Champion Homes rarely misses Wall Street’s revenue estimates. Looking at Champion Homes’s peers in the home builders segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PulteGroup’s revenues decreased 9.6% year on year, beating analysts’ expectations by 1.1%, and Meritage Homes reported a revenue decline of 13.8%, falling short of estimates by 0.9%. PulteGroup’s stock price was unchanged after the resultswhile Meritage Homes was down 1.1%. Read our full analysis of PulteGroup’s results here and Meritage Homes’s results here. In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the home builders stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Champion Homes is down 4.8% during the same time and is heading into earnings with an average analyst price target of $92.50 (compared to the current share price of $79.61). ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

TROY, Mich., August 04, 2026--(BUSINESS WIRE)--Champion Homes, Inc. (NYSE: SKY) ("Champion Homes" or the "Company") today announced financial results for its first quarter ended June 27, 2026 ("fiscal 2027"). First Quarter Fiscal 2027 Highlights Net sales increased 1.3% to $710.2 million compared to first quarter fiscal 2026 Backlog of $421.8 million Gross profit margin of 25.2% Earnings per diluted share ("EPS") of $0.89; adjusted EPS of $0.88 EBITDA of $74.0 million; adjusted EBITDA of $73.6 million and adjusted EBITDA margin of 10.4% "We began fiscal 2027 with encouraging demand trends and results in line with expectations," said Tim Larson, President and Chief Executive Officer of Champion Homes. "Our team continued to outperform the broader industry in a challenging environment. Champion’s differentiated platform, dedicated team, and recently closed Homes Direct acquisition strengthen our ability to deliver affordable housing solutions, enhance our retail footprint, and drive long-term growth." First Quarter Fiscal 2027 Results Net sales for the first quarter fiscal 2027 increased 1.3% to $710.2 million compared to the prior-year period. The number of U.S. homes sold in the first quarter fiscal 2027 increased 1.8% to 7,089, driven primarily by an increase in sales from captive retail stores. The ASP per U.S. home sold increased 0.6% to $95,600 due to increased prices on new homes sold through our company-owned retail sales centers. The number of Canadian factory-built homes sold in the quarter was 185. Gross profit was $179.3 million in the first quarter fiscal 2027. Adjusted gross profit was $179.0 million for an adjusted gross profit margin of 25.2%. Higher material costs were partially offset by modest sales growth and pricing benefits in company-owned retail. Selling, general, and administrative expenses ("SG&A") in the first quarter fiscal 2027 increased to $119.0 million from $111.3 million in the same period last year, due to the inclusion of Iseman Homes and the company’s expanded retail footprint. On an adjusted basis, SG&A increased 8.6% to $116.8 million. Adjusted SG&A as a percentage of net sales was 16.4%. Net income was $49.2 million for the first quarter fiscal 2027. Adjusted net income was $48.3 million. The decrease in net income compared to the prior year was primarily driven by inflationary increases in cost of sales and higher effective tax rate due to the elimination of Energy Star tax credits. EBITDA was $74.0 million for the first quarter fiscal 2027 and adjusted EBITDA was $73.6 million. Adjusted EBITDA margin for the quarter was 10.4%. As of June 27, 2026, Champion Homes had $784.7 million in cash and cash equivalents. The Company repurchased and retired $50.0 million of its common stock during the first quarter under the previously announced repurchase program. In July 2026, the Board of Directors refreshed the share repurchase authorization to provide for $150.0 million of potential future repurchases. Conference Call and Webcast Information Champion Homes will host a conference call tomorrow, Wednesday, August 5, 2026, at 8:00 A.M. Eastern Time to discuss the Company's financial results and an update on current operations. Investors and interested other parties can listen to a webcast of the live conference call here, and also by visiting the Investor Relations section of Champion Homes’ website at ir.championhomes.com. The online replay will be available on the same website immediately following the call. The conference call can also be accessed by dialing (800) 225-9448 (domestic) or (203) 518-9708 (international) and using the Conference ID: CHAMPION when joining. A telephonic replay will be available approximately three hours after the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the replay is 11162023. The telephonic replay will be available until 11:59 P.M. Eastern Time on August 19, 2026. About Champion Homes, Inc. Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America and employs approximately 9,200 people. With more than 70 years of homebuilding experience and 46 manufacturing facilities throughout the United States and western Canada, Champion Homes is well positioned with an innovative portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, and hospitality sectors. In addition to its core home building business, Champion Homes provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 95 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States. Manufactured and Modular Homeswww.championhomes.com www.skylinehomes.com www.genesishomes.com Park Model RVswww.championparkmodelscabins.com Star Fleet Truckingwww.starfleettrucking.com Presentation of Non-GAAP Financial Measures In addition to the results provided in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") throughout this press release, Champion Homes has provided Non-GAAP financial measures, Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted SG&A, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, and Adjusted EPS, (collectively the "Non-GAAP Financial Measures") which present operating results on a basis adjusted for certain items. Champion Homes uses these Non-GAAP Financial Measures for business planning purposes and in measuring its performance relative to that of its competitors. Champion Homes believes that these Non-GAAP Financial Measures are useful financial metrics to assess its operating performance from period-to-period by excluding certain items that Champion Homes believes are not representative of its core business. These Non-GAAP Financial Measures are not intended to replace, and should not be considered superior to, the presentation of Champion Homes’ financial results in accordance with U.S. GAAP. Champion Homes defines Adjusted Gross Profit as gross profit or loss plus expenses or minus income for charges related to the remediation of the water intrusion product liability. Adjusted Gross Profit Margin is calculated as Adjusted Gross Profit as a percentage of net sales. Champion Homes defines Adjusted SG&A as selling, general and administrative expenses plus income or minus expenses for other non-operating income and costs, including but not limited to those costs for the acquisition and integration or disposition of businesses, including the change in fair value of contingent consideration, and idle facilities. Champion Homes defines Adjusted EBITDA as net income or loss attributable to Champion Homes, Inc. plus expenses or minus income, (a) the provision for income taxes, (b) interest income or expense, net, (c) depreciation and amortization, (d) gain or loss from discontinued operations, (e) restructuring charges and impairment of assets, (f) equity in net earnings or losses of ECN Capital Corp., (g) charges related to the remediation of the water intrusion product liability claims; and (h) other non-operating income and costs, including but not limited to those costs for the acquisition and integration or disposition of businesses or investments, including the change in fair value of contingent consideration, and idle facilities. Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by net sales reported in the income statements. Champion Homes defines Adjusted Net Income as net income or loss attributable to Champion Homes, Inc. plus expenses or minus income (net of tax where applicable), (a) gain or loss from discontinued operations, (b) restructuring charges and impairment of assets, (c) equity in net earnings or losses of ECN Capital Corp., (d) charges related to the remediation of estimated water intrusion product liability, and (e) other non-operating income or expense including, but not limited to those costs for the acquisition and integration or disposition of businesses or investments, including the change in fair value of contingent consideration, and idle facilities. Champion Homes defines Adjusted EPS as Adjusted Net Income divided by shares outstanding. Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted SG&A, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income and Adjusted EPS are not measures of earnings calculated in accordance with U.S. GAAP, and should not be considered an alternative to, or more meaningful than, net income or loss, net sales, operating income or earnings per share prepared on a U.S. GAAP basis. These Non-GAAP Financial Measures do not purport to represent cash flow provided by, or used in, operating activities as defined by U.S. GAAP. Champion Homes believes that similar Non-GAAP Financial Measures are commonly used by investors to evaluate its performance and that of its competitors. However, Champion Homes use of Non-GAAP Financial Measures may vary from that of others in its industry. The Non-GAAP Financial Measures are reconciled from the respective measure under U.S. GAAP in the tables below. Forward-Looking Statements Statements in this press release, including certain statements regarding Champion Homes’ strategic initiatives, and future market demand are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of words such as "believe," "expect," "future," "anticipate," "intend," "plan," "foresee," "may," "could," "should," "will," "potential," "continue," or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Champion Homes. We caution readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include regional, national and international economic, financial, public health and labor conditions, and the following: supply-related issues, including prices and availability of materials; changes in U.S. trade policies, including tariffs or other trade protection measures; labor-related issues; inflationary pressures in the North American economy; the cyclicality and seasonality of the housing industry and its sensitivity to changes in general economic or other business conditions; demand fluctuations in the housing industry, including as a result of actual or anticipated increases in homeowner borrowing rates; the possible unavailability of additional capital when needed; competition and competitive pressures; changes in consumer preferences for our products or our failure to gauge those preferences; quality problems, including the quality of parts sourced from suppliers and related liability and reputational issues; data security breaches, cybersecurity attacks, and other information technology disruptions; the potential disruption of operations caused by the conversion to new information systems; the extensive regulation affecting the production and sale of factory-built housing and the effects of possible changes in laws with which we must comply; the potential impact of natural disasters on sales and raw material costs; the risks associated with mergers and acquisitions, including integration of operations and information systems; periodic inventory adjustments by, and changes to relationships with, independent retailers; changes in interest and foreign exchange rates; insurance coverage and cost issues; the possibility that all or part of our intangible assets, including goodwill, might become impaired; the possibility that our risk management practices may leave us exposed to unidentified or unanticipated risks; the potential disruption to our business caused by public health issues, such as an epidemic or pandemic, and resulting government actions; and other risks set forth in the "Risk Factors" section, the "Legal Proceedings" section, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section, and other sections, as applicable, in our Annual Reports on Form 10-K, including our Annual Report on Form 10-K for the fiscal year ended March 28, 2026 previously filed with the Securities and Exchange Commission ("SEC"), as well as in our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, filed with or furnished to the SEC. If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, then the developments and future events concerning Champion Homes set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. Champion Homes assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws. View source version on businesswire.com: https://www.businesswire.com/news/home/20260804126913/en/ Contacts Investor contact information:Name: Ellen Kaleniecki, Head of Investor RelationsEmail: [email protected] Phone: (248) 614-8211