Skyline Stock Earnings Reports

Champion Homes reported a strong start to fiscal 2026 with Q1 net sales up 12% year-over-year to $701 million and homes sold up 8% to 7,215 units. Consolidated gross profit rose 16% and adjusted EBITDA increased 26% to $94 million, with gross margin expanding ~90 basis points (driven by higher captive retail ASPs, favorable mix and lower-than-expected material input costs). Manufacturing capacity utilization was 61% and manufacturing backlog was $302 million (average lead time 7 weeks, within target 4–12 weeks). Sales growth occurred across independent retail, captive retail, community and builder/developer channels; Champion closed the Iseman Homes acquisition in late May and continues to grow share in HUD and single-family replacement markets. The company cautioned on near-term demand moderation (notably expecting some easing in the community channel and softer Q2 order pacing versus last year) and guided Q2 revenue to be flat to up low-single-digits year-over-year, with near-term gross margin expected in the 25%–26% range. Tariff exposure is modest (estimated unmitigated impact about 1% of material costs) and the company is using alternative sourcing and selective pricing where appropriate. Financial position is strong: $605 million cash on hand, $24 million long-term debt (no maturities until Dec 2026), $75 million operating cash flow in the quarter, $50 million of share repurchases completed in Q1 and a refreshed $150 million buyback authorization; the $200 million revolver was extended to July 2030. Management emphasized continued investments in people, product and marketing to attract first-time and site-built-to-manufactured buyers and reiterated confidence in long-term strategy while taking measured actions to manage production, mix and fixed costs in a cautious near-term demand environment.