Overview
- Champion Homes reported fourth-quarter net sales of $621.3 million and adjusted diluted EPS of $0.68 in its May 26 earnings release, beating consensus estimates.
- The company sold a record 26,622 homes for the fiscal year, the most since it went public in 2018, signaling sustained demand for lower-cost factory-built housing.
- Manufacturing orders rose about 7% year over year and backlog grew to roughly $316 million sequentially, improving visibility heading into the spring selling season.
- Champion agreed to buy Homes Direct’s assets, adding 11 western U.S. retail locations that management says can be converted to sell Champion-built homes and raise western facility utilization.
- The company generated $303.9 million in operating cash flow, ended the year with $638.3 million in cash, reduced long-term debt, repurchased $200 million of stock, refreshed a $150 million buyback authorization, and guided to roughly flat revenue and a slightly lower gross margin for fiscal Q1 2027 due to rising input costs.