Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-04714 Champion Homes, Inc. (Exact name of registrant as specified in its charter) Indiana 35-1038277 (State of Incorporation ...

Champion Homes (NYSE:SKY) Q3 2026 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsDaniel Moore - CFADave McKinstry - EVP and CFOJesse Lederman - CFALaurie Hough - Former EVP and CFOPhilip Ng - Managing Director and senior equity research analystTim Larson - CEOConference Call ParticipantsGreg Palm - Senior Research AnalystMatthew Bouley - Director and Senior Equity Research AnalystMike Dahl - Managing Director and Senior Equity Research AnalystOperatorGood morning, and welcome to the Champio ...

Champion Homes (NYSE:SKY) Q3 2026 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsDaniel Moore - CFADave McKinstry - EVP and CFOJesse Lederman - CFALaurie Hough - Former EVP and CFOPhilip Ng - Managing Director and senior equity research analystTim Larson - CEOConference Call ParticipantsGreg Palm - Senior Research AnalystMatthew Bouley - Director and Senior Equity Research AnalystMike Dahl - Managing Director and Senior Equity Research AnalystOperatorGood morning, and welcome to the Champio ...

Champion Homes (NYSE:SKY) Q3 2026 Earnings call February 04, 2026 08:00 AM ET Speaker7Good morning, and welcome to the Champion Homes third quarter fiscal 2026 earnings call. Here to review the results are Tim Larson, Champion Homes President and Chief Executive Officer, Dave McKinstry, Champion Homes Executive Vice President, Chief Financial Officer, and Treasurer, and Laurie Hough, Champion's former Executive Vice President, Chief Financial Officer, and Treasurer, who announced her retirement in December. ...

CHAMPION HOMES ANNOUNCES THIRD QUARTER FISCAL 2026 RESULTS Troy, Michigan, February 3, 2026 /Business Wire/ -- Champion Homes, Inc. (NYSE: SKY) ("Champion Homes" or the "Company") today announced financial results for its third quarter ended December 27, 2025 ("fiscal 2026"). Third Quarter Fiscal 2026 Highlights (compared to Third Quarter Fiscal 2025, unless otherwise noted) "Despite a challenging environment in the third quarter, we delivered strong operational execution, advanced our strategic priorities, ...

Core Insights - Champion Homes reported its third quarter fiscal 2026 results, highlighting a challenging environment but strong operational execution and strategic advancements [1] Financial Performance - Net sales increased by 1.8% to $656.6 million compared to the prior year [1] - U.S. homes sold decreased by 2.6% to 6,270, attributed to reduced sales to the community REIT channel and a prior-year sales boost due to weather [1] - Average selling price (ASP) per U.S. home sold rose by 4.6% to $99,300 due to product mix changes and price increases [1] - Gross profit decreased by 4.9% to $172.2 million, with a gross profit margin of 26.2%, down 190 basis points from the previous year [1] - Net income fell by 11.7% to $54.3 million, primarily due to lower gross profit [1] - Adjusted EBITDA decreased by 10.2% to $74.8 million, with an adjusted EBITDA margin of 11.4%, down 150 basis points [1] Shareholder Actions - The company repurchased $50.0 million of shares under its share repurchase program [1] - As of December 27, 2025, Champion Homes had $659.8 million in cash and cash equivalents, an increase of $41.0 million from the previous quarter [1] - The board of directors refreshed the share repurchase authorization for potential future repurchases of up to $150 million [1] Strategic Initiatives - The company is focused on evolving its product catalog to serve various customer segments and is making progress on digital and retail strategies [1] - The appointment of Tawn Kelley as the new Chair of the Board is expected to provide insights and guidance for driving growth [1] Market Position - Champion Homes is a leading producer of factory-built housing in North America, employing approximately 9,000 people and operating 46 manufacturing facilities [2] - The company operates a factory-direct retail business with 83 locations across the U.S. and provides transportation services through Star Fleet Trucking [2]

Company Overview - Champion Homes, Inc. is a leading producer of factory-built housing in North America, employing approximately 9,000 people [4] - The company has over 70 years of homebuilding experience and operates 46 manufacturing facilities across the United States and western Canada [4] - Champion Homes offers an innovative portfolio of manufactured and modular homes, ADUs, park-models, and modular buildings for various sectors including single-family, multi-family, and hospitality [4] Business Operations - In addition to home building, Champion Homes provides construction services for the installation and setup of factory-built homes [5] - The company operates a factory-direct retail business with 82 retail locations throughout the United States [5] - Champion Homes also runs Star Fleet Trucking, which offers transportation services to the manufactured housing and other industries from multiple dispatch locations across the United States [5] Brand Portfolio - Champion Homes builds homes under several well-known brand names in the factory-built housing industry, including Champion Homes, Genesis Homes, Skyline Homes, and others in the U.S. and western Canada [6]

Industry Overview - Manufactured housing is experiencing strong structural tailwinds due to rising demand, limited supply, and predictable revenue streams, making it an attractive investment opportunity [2][3] - The affordability crisis is a significant issue, with many Americans priced out of conventional single-family homes, leading to an urgent search for affordable housing [4][5] Company Analysis Sun Communities Inc. (SUI) - Sun Communities is a leading real estate investment trust (REIT) that owns and operates manufactured housing communities, benefiting from residents who own their homes but rent the land, resulting in stable occupancy and cash flow [8][9] - The company's national footprint allows it to acquire smaller properties, enhancing operational efficiency and net operating income, particularly in high-growth Sun Belt markets [9] - SUI offers steady income with long-term growth potential, with a consensus price target of $136.69 and a dividend yield of 3.3%, which has increased by an average of 4.6% over the last three years [10] Champion Homes (SKY) - Champion Homes is one of the largest manufacturers of factory-built homes in the U.S., positioned to benefit from rising demand for affordable housing options [12] - The company can achieve operating leverage as shipments increase, translating into higher margins and earnings, supported by government initiatives for affordable housing [12][13] - Despite being perceived as expensive at 24x earnings, it remains competitive within the construction sector, especially if affordability pressures drive demand for manufactured housing [14] UMH Properties Inc. (UMH) - UMH Properties operates primarily in the Midwest and Northeast, regions facing persistent housing shortages due to zoning restrictions and limited new construction [15] - The company focuses on organic growth by filling vacant sites within existing communities, which enhances occupancy and rental revenue without significant acquisition costs [16] - UMH offers a higher dividend yield of 5.67% and has a consensus price target of $18, indicating strong upside potential, although it is smaller and more leveraged than its competitors [17][18]

Group 1 - The meeting is being held both in-person in Auckland and online for shareholders and guests [2] - Shareholders and proxies attending online can submit questions and votes during the meeting [2][3] - A process is outlined for submitting online questions, which can be done at any time during the meeting [3][4] Group 2 - Attendees are encouraged to keep questions relevant, succinct, and specific [4] - Multiple questions on the same topic may be grouped together to manage time effectively [4] - Any unanswered questions due to time constraints will be addressed via email after the meeting [4]

Core Insights - The home builders sector experienced mixed results in Q3, with revenues collectively surpassing analysts' expectations by 2.8% while guidance for the next quarter remained in line with forecasts [3] Group 1: Industry Overview - Homebuilders have traditionally leveraged economies of scale for competitive advantages, including better purchasing power and brand recognition [2] - Recent trends indicate a shift towards energy efficiency and conservation as key drivers of innovation in the industry [2] - The sector is highly cyclical, significantly influenced by macroeconomic factors such as interest rates, which affect both new and existing home sales [2] Group 2: Tri Pointe Homes (NYSE:TPH) - Tri Pointe Homes reported Q3 revenues of $854.7 million, reflecting a 25.3% year-on-year decline, yet exceeding analysts' expectations by 15% [5] - The company achieved a strong performance with 1,217 home deliveries at an average sales price of $672,000, generating $817.3 million in home sales revenue for the quarter [6] - Despite the positive earnings report, the stock price has decreased by 3.1% since the announcement, currently trading at $31.85 [7] Group 3: Competitor Performance - Champion Homes (NYSE:SKY) reported Q3 revenues of $684.4 million, an 11% increase year-on-year, outperforming analysts' expectations by 6.9% [9] - The company also demonstrated strong performance with significant beats in both EBITDA and adjusted operating income estimates [9]