Modest Revenue Growth
Third quarter net sales increased 2% year-over-year to $657 million, with U.S. factory-built housing revenue also up 2%.
Strong Cash Generation and Liquidity
Cash and cash equivalents of $660 million as of December 27, 2025, and $100 million of operating cash flow generated in the quarter.
Active Capital Return and Balance Sheet Actions
Returned $50 million to shareholders via share repurchases in the quarter; Board refreshed a $150 million repurchase authority.
Brand Recognition and Market Position
Skyline Homes named America's most trusted manufactured homebuilder by Lifestory Research for the sixth consecutive year; top 3 industry brands are from Champion Homes family.
Product Innovation and Affordability Focus
Launched new products including the Emerald Sky (1,600 sq ft, 3 bed/2 bath) with an approximate consumer retail price of $185,000, highlighting competitiveness versus U.S. new home ASP near $500,000.
Higher Average Selling Price (U.S.)
Average selling price per U.S. home sold increased 5% year-over-year to $99,300 due to product mix shifts and higher prices at company-owned retail.
Channel Execution and Acquisition Contribution
Captive retail sales increased year-over-year and represented 38% of consolidated sales (versus 35% prior year); Iseman Homes acquisition contributed to results.
Strategic Financing Transaction Proceeds Expected
Sale of ECN Capital expected to close in H1, extinguishing Champion's 19.7% ownership and delivering approximately CAD 189 million in proceeds.