Skyline Champion(SKY) - 2026 Q2 - Quarterly Results

Financial Performance - Net sales increased by 11.0% to $684.4 million compared to the prior-year period[4] - Net income increased by 6.3% to $58.2 million for the second quarter fiscal 2026[8] - Adjusted EBITDA increased by 12.3% to $83.4 million, with an adjusted EBITDA margin of 12.2%[8] - Net sales for the three months ended September 27, 2025, were $684,429 thousand, a 10.9% increase from $616,877 thousand for the same period in 2024[26] - Gross profit for the six months ended September 27, 2025, was $377,762 thousand, up 14.3% from $330,548 thousand in the prior year[26] - Operating income increased to $153,336 thousand for the six months ended September 27, 2025, representing a 25.6% rise compared to $122,066 thousand for the same period in 2024[26] - Net income attributable to Champion Homes, Inc. for the three months ended September 27, 2025, was $58,199 thousand, a 6.7% increase from $54,734 thousand in the same quarter of 2024[26] - Adjusted EBITDA for the six months ended September 27, 2025, was $177,529 thousand, reflecting an 18.9% increase from $149,209 thousand in the prior year[30] - Basic net income per share for the three months ended September 27, 2025, was $1.03, up from $0.95 in the same quarter of 2024[26] Sales and Market Activity - The number of U.S. homes sold increased by 3.4% to 6,575, driven by sales through the company-owned retail channel and the acquisition of Iseman Homes[4] - Average selling price (ASP) per U.S. home sold increased by 6.8% to $98,700 due to changes in product mix and increased prices[4] - Backlog increased by 3.5% to $313.2 million from the sequential first quarter of fiscal 2026[5] Cash and Shareholder Activities - Cash and cash equivalents as of September 27, 2025, were $618.7 million, an increase of $13.7 million in the current quarter[9] - The company repurchased $50 million of shares under the share repurchase program, with a refreshed authorization for potential future repurchases of $150 million[9] - The company made payments for the repurchase of common stock totaling $100,000 thousand during the six months ended September 27, 2025[28] - Cash and cash equivalents at the end of the period were $618,740 thousand, an increase from $570,231 thousand at the end of the same period in 2024[28] Expenses - Selling, general, and administrative expenses (SG&A) increased to $113.1 million, representing 16.5% of net sales[7] Cash Flow - Cash flows from operating activities for the six months ended September 27, 2025, were $151,178 thousand, compared to $144,442 thousand for the same period in 2024[28] - The company reported a net cash increase of $8,402 thousand for the six months ended September 27, 2025, compared to a net increase of $75,168 thousand in the prior year[28]