SKY
Champion Homes, Inc.86.12
-1.18-1.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Key Stats
Market Cap
4.87BP/E (TTM)
22.43Basic EPS (TTM)
3.84Dividend Yield
0%Recent Filings
8-K
New CAO appointed
Champion Homes appointed Timothy Kingston as Chief Accounting Officer and principal accounting officer, effective March 9, 2026. Kingston, a CPA with deep experience at Kellanova and Zimmer Biomet, steps in as Timothy Burkhardt transitions out of the role ahead of his May 31 retirement while staying on as VP and Controller. New hire gets $365,000 base salary. Smooth handover ahead.
10-Q
Q3 FY2026 results
Champion Homes nudged net sales up 1.8% y/y to $656.6M in Q3 FY2026 ended December 27, 2025, yet gross margins slipped to 26.2% from 28.1% on higher material costs and lower volumes; operating income fell 14.2% y/y to $62.5M while YTD revenue climbed 8.1% to $2.0B with operating income up 10.7% y/y to $215.8M. Diluted EPS of $0.97 matched basic on 56.3M shares, consistent with $54.3M net income attributable to the company. Cash swelled to $660M on $251M operating cash flow (FCF $226M derived), funding $150M buybacks and Iseman Homes acquisition closed May 2025 for $26.8M (cash/contingent, $5.6M goodwill, $2.9M intangibles over 10 years). Debt stayed low at $24M with $173M revolver availability. U.S. Factory-built Housing drove 95% revenue. Competition shadows affordable housing demand.
8-K
Q3 sales up, profits down
Champion Homes reported Q3 fiscal 2026 net sales up 1.8% to $656.6M despite 2.6% fewer U.S. homes sold, offset by 4.6% higher ASP of $99,300; gross margin slipped 190bps to 26.2% from cost pressures. Net income fell 11.7% to $54.3M, Adjusted EBITDA dropped 10.2% to $74.8M. Board boosted share repurchases by $50M to $150M total. Backlog shrank 15.1%.
8-K
CFO succession announced
Champion Homes appointed David A. McKinstray as EVP, CFO, and Treasurer effective January 12, 2026, succeeding retiring Laurie Hough, who stays through May 31, 2026, for transition. McKinstray, 41, brings 18 years from WK Kellogg, securing $600,000 base, 125% target bonus, and $650,000 sign-on RSUs. Hough gets $556,000 severance. Smooth handover bolsters finance leadership.
8-K
ECN acquisition impacts JV
Champion Homes' partner ECN Capital announced on November 13, 2025, its acquisition by a Warburg Pincus-led group for C$3.10 per share in cash, with Champion Canada's 19.7% stake—holding Series E shares—set to convert accordingly plus accrued dividends; close eyed for Q2 2026. Champion inked a side letter extending their 51%-owned JV's term to 2031 and committing $10.0 million more over three years post-close. JV bolsters financing. Risks include impairment of Champion's ECN investment.
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