Skyline Champion Corp. ( (SKY) ) has released its Q1 earnings. Here is a breakdown of the information Skyline Champion Corp. presented to its investors.
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Champion Homes, Inc., a leading producer of factory-built housing in North America, operates 46 manufacturing facilities and offers a diverse range of manufactured and modular homes, ADUs, park-models, and modular buildings across various sectors.
In its first quarter of fiscal 2026, Champion Homes reported a robust financial performance with net sales increasing by 11.7% to $701.3 million compared to the previous year. The company also completed the acquisition of Iseman Homes and repurchased $50 million of its shares, reflecting its strategic focus on capital allocation and market expansion.
Key financial highlights include a 41.3% increase in net income to $64.7 million and a 43.0% rise in earnings per diluted share to $1.13. The company’s gross profit margin expanded to 27.1%, and adjusted EBITDA increased by 25.6% to $94.2 million, demonstrating strong operational execution and profitability. The average selling price per U.S. home sold also rose by 3.6% to $95,000, driven by a favorable product mix and price increases.
Champion Homes’ management remains confident in its customer-centric strategy and the demand for its homes, as evidenced by its recent acquisition and share repurchase activities. The company is poised to continue its growth trajectory, supported by its enhanced credit facility and strategic priorities.