Jun 2026 (Q1 FY27) — Aug 5, 2026
Champion Homes Q1 FY27 — Solid Start with Homes Direct Acquisition and Regulatory Tailwinds
Read the full callChampion Homes (SKY) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Champion Homes earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 710 | +1.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.5 | −2.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 49.2 | −24.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
17 of 18 judged targets kept · 5 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted SG&A as % of net sales (guide) | 16% to 17% range | Mar 2026 | Adjusted SG&A expenses represented 16.4% of net sales for the quarter within our expected range. | Achieved |
| Adjusted SG&A as % of net sales (guide) | 16% to 17% | Jun 2026 | In Q2, we expect adjusted SG&A as a percent of sales to be 16% to 17%, consistent with Q1 and our run rates following the Iseman acquisition. | New |
1 of Champion Homes, Inc.'s 23 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 21 more targets are in the full ledger.
Claimed
- Net sales increased 1.3% year-over-year to $710.2 million, slightly ahead of expectations.
- US home sales increased 1.8% year-over-year to 7,089 units, outperforming the broader HUD industry decline of approximately 5%.
- Manufacturing orders increased year-over-year, leading to a backlog of $421.8 million, up from $302 million in Q1 FY26.
- Adjusted gross margin was 25.2%, in line with expectations, with benefits from pricing actions expected to gain momentum.
- Operating cash flow totaled $72.5 million, demonstrating strong cash generation.
Qualified
- Canadian homes sold declined to 185 units from 250 in the prior year, impacted by weather-related disruptions.
- Effective tax rate increased to 25% from 21% in the prior year, reflecting the expiration of ENERGY STAR-related tax incentives.
- ASPs ticked lower sequentially due to channel and product mix shifts, with consumers electing for more base-level models.
Price
$79.94 +5.32% · +$4.04
Performance +17.5% 1Y
1Y: $68.05 on 14 Oct 2025 → $79.94. High $97.46 (15 Jan 2026), low $64.82 (30 Oct 2025).
- Previous close
- $75.9
- 52-week range
- $64.82 – $97.46
- One year
- +12.59%
Overview
- Symbol
- SKY
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 18 judged targets kept · 5 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted SG&A as % of net sales (guide) | 16% to 17% range | Mar 2026 | Adjusted SG&A expenses represented 16.4% of net sales for the quarter within our expected range. | Achieved |
| Adjusted SG&A as % of net sales (guide) | 16% to 17% | Jun 2026 | In Q2, we expect adjusted SG&A as a percent of sales to be 16% to 17%, consistent with Q1 and our run rates following the Iseman acquisition. | New |
Claimed
- Net sales increased 1.3% year-over-year to $710.2 million, slightly ahead of expectations.
- US home sales increased 1.8% year-over-year to 7,089 units, outperforming the broader HUD industry decline of approximately 5%.
- Manufacturing orders increased year-over-year, leading to a backlog of $421.8 million, up from $302 million in Q1 FY26.
- Adjusted gross margin was 25.2%, in line with expectations, with benefits from pricing actions expected to gain momentum.
- Operating cash flow totaled $72.5 million, demonstrating strong cash generation.
Qualified
- Canadian homes sold declined to 185 units from 250 in the prior year, impacted by weather-related disruptions.
- Effective tax rate increased to 25% from 21% in the prior year, reflecting the expiration of ENERGY STAR-related tax incentives.
- ASPs ticked lower sequentially due to channel and product mix shifts, with consumers electing for more base-level models.
The full ledger
Open Champion Homes, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 23 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 26, 2026
Champion Homes Q4 FY26 — Record Homes Sold & Strategic Retail Expansion
Read the full callEvery analysed call
Champion Homes earnings calls (SKY)
Financials
What the filings say
Net profit, year on year: −24% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 617 | 645 | 594 | 701 | 684 | 657 | 621 | 710 |
| Operating profit | 67 | 73 | 42 | 79 | 75 | 62 | 36 | 60 |
| Operating margin | 10.8% | 11.3% | 7.1% | 11.2% | 10.9% | 9.5% | 5.8% | 8.5% |
| Profit before tax | 71 | 79 | 46 | 84 | 79 | 67 | 40 | 68 |
| Tax rate | 21.6% | 21.1% | 17.1% | 21.0% | 23.6% | 18.3% | 20.3% | 25.0% |
| Net profit | 55 | 62 | 36 | 65 | 58 | 54 | 30 | 49 |
| EPS ($ per share) | 0.95 | 1.07 | — | 1.13 | 1.03 | 0.97 | — | 0.90 |
| Line item | Mar 2019 | Mar 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | -58 | -0 | 83 | 328 | 726 | 866 | 976 | 976 |
| Total liabilities | 288 | 307 | 349 | 410 | 330 | 501 | 566 | 559 |
| Fixed assets | 109 | 109 | 115 | 133 | 177 | 291 | 307 | 314 |
| Total assets | 700 | 782 | 918 | 1,235 | 1,563 | 1,923 | 2,110 | 2,132 |
| Line item | Mar 2019 | Mar 2020 | Apr 2021 | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 65 | 77 | 154 | 224 | 416 | 223 | 241 | 304 |
| Cash from investing | -2 | -14 | -57 | -32 | -61 | -486 | -46 | -57 |
| Cash from financing | -73 | 22 | -48 | -20 | -37 | 11 | -73 | -222 |
| Net cash flow | -10 | 83 | 53 | 173 | 312 | -252 | 115 | 28 |
| Capital expenditure | -12 | -15 | -8 | -32 | -52 | -53 | -51 | -34 |
| Free cash flow | 53 | 61 | 146 | 193 | 364 | 170 | 190 | 270 |
SKY revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| US Factory Built Housing | 95% | 95% | 94% | 94% | 95% | 95% | 94% | 95% | +2.3% |
| Canadian Factory Built Housing | 4% | 4% | 4% | 4% | 4% | 4% | 5% | 3% | -22.6% |
| Corporate Or Other | 1% | 1% | 1% | 1% | 1% | 1% | 2% | 1% | +3.0% |
| Corporate Other | 1% | 1% | 1% | 1% | 1% | 1% | 2% | 1% | +3.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
SKY operating KPIs by quarter
| KPI | Mar 2026 Q4 FY26 | Jun 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|
| Manufacturing capacity utilization | 59%Manufacturing capacity utilization, including idle facilities, was 59% in the fourth quarter consistent with the third quarter sequentially and slightly below the 60% we reported in the same period last year.Source: earnings call transcript | 62%Manufacturing capacity utilization during the quarter was 62%, up from 59% sequentially and up 1 percentage point compared to the same period last year.Source: earnings call transcript | +3 pt |
| Manufacturing backlog | $316MManufacturing backlog ended the quarter at $316 million, up $50 million or approximately 19% sequentially.Source: earnings call transcript | $421.8MManufacturing orders increased year-over-year, resulting in an increase in backlogs to $421.8 million versus $302 million at the end of the first quarter last year.Source: earnings call transcript | +33.5% |
| Average backlog lead time | 8 weeksThe average backlog lead time was 8 weeks, consistent with both the prior quarter and the same period last year.Source: earnings call transcript | ~9 weeksManufacturing backlog lead time ended the quarter at approximately 9 weeks, which is within our target range of 4 to 12 weeks.Source: earnings call transcript | — |
| Homes sold United States | 5,908In the United States, the number of homes sold in the fourth quarter decreased 0.6% to 5,908 with the total for the full fiscal year coming to 25,718 homes.Source: earnings call transcript | 7,089In the United States, homes sold increased 1.8% to 7,089 units for Q1.Source: earnings call transcript | +20% |
| Homes sold Canada | 243In Canada, homes sold increased to 243 from 230 in the prior year.Source: earnings call transcript | 185In Canada, homes sold declined to 185 from 250 in the prior year quarter.Source: earnings call transcript | -23.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
60 filings between Nov 24, 2025 and Aug 26, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$2.76M
10 sales by 4 insiders
Compensation
not trading decisions- 18
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 30
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| KIMMELL JOSEPH A. | — | $1.45M | Jun 9, 2026 |
| Burkhardt Timothy A. | — | $1.06M | Dec 12, 2025 |
| Berman Michael B | — | $139.8K | Aug 10, 2026 |
| Helgren Erin Claire | — | $104.5K | Aug 7, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 26, 2026 | Haack Michael Director | Award | 1,645 | $0 |
| Aug 15, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Tax withheld | 1,804 | $170.5K |
| Aug 15, 2026 | Krueger Laurel CLO & Secretary | Tax withheld | 1,356 | $128.2K |
| Aug 10, 2026 | Berman Michael B Director | Sale | 1,500 | $139.8K |
| Aug 7, 2026 | Helgren Erin Claire Director | Sale | 1,100 | $104.5K |
| Aug 1, 2026 | Krueger Laurel SVP, Gen. Counsel & Secretary | Tax withheld | 750 | $59.7K |
| Jul 30, 2026 | Fedewa Mary Director | Award | 1,867 | $0 |
| Jul 30, 2026 | Helgren Erin Claire Director | Award | 1,867 | $0 |
| Jul 30, 2026 | Robinette Gary E Director | Award | 1,867 | $0 |
| Jul 30, 2026 | Patel Nikul Director | Award | 1,867 | $0 |
| Jul 30, 2026 | Berman Michael B Director | Award | 1,867 | $0 |
| Jun 12, 2026 | Kastanek John Allan Chief Customer Exp. Officer | Award | 6,268 | $0 |
| Jun 9, 2026 | KIMMELL JOSEPH A. EVP, Operations | Sale | 4,000 | $303.6K |
| Jun 5, 2026 | KIMMELL JOSEPH A. EVP, Operations | Sale | 5,043 | $382.4K |
| Jun 5, 2026 | KIMMELL JOSEPH A. EVP, Operations | Sale | 2,879 | $217.3K |
| Mar 31, 2026 | Larson Timothy Mark President & CEO | Tax withheld | 1,053 | $76.4K |
| Mar 29, 2026 | Burkhardt Timothy A. VP & Controller | Tax withheld | 399 | $28.9K |
| Mar 29, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Tax withheld | 508 | $36.9K |
| Mar 29, 2026 | Hough Laurie M. Other | Tax withheld | 1,259 | $91.3K |
| Mar 29, 2026 | KIMMELL JOSEPH A. EVP, Operations | Tax withheld | 606 | $44.0K |
| Mar 25, 2026 | Larson Timothy Mark President & CEO | Award | 22,517 | $0 |
| Mar 25, 2026 | Larson Timothy Mark President & CEO | Tax withheld | 3,928 | $284.9K |
| Mar 25, 2026 | Kingston Timothy M. Chief Accounting Officer | Award | 1,802 | $0 |
| Mar 25, 2026 | Kingston Timothy M. Chief Accounting Officer | Award | 1,802 | $0 |
| Mar 25, 2026 | McKinstray David EVP, CFO, Treasurer | Award | 7,842 | $0 |
| Mar 25, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Tax withheld | 397 | $30.0K |
| Mar 25, 2026 | McKinstray David EVP, CFO, Treasurer | Award | 7,842 | $0 |
| Mar 25, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Award | 5,721 | $0 |
| Mar 25, 2026 | KIMMELL JOSEPH A. EVP, Operations | Tax withheld | 1,736 | $125.9K |
| Mar 25, 2026 | Larson Timothy Mark President & CEO | Award | 22,517 | $0 |
| Mar 25, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Award | 5,721 | $0 |
| Mar 25, 2026 | Krueger Laurel SVP, Gen. Counsel & Secretary | Tax withheld | 436 | $33.0K |
| Mar 25, 2026 | Krueger Laurel SVP, Gen. Counsel & Secretary | Award | 5,670 | $0 |
| Mar 25, 2026 | Krueger Laurel SVP, Gen. Counsel & Secretary | Award | 5,670 | $0 |
| Mar 25, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Tax withheld | 3,466 | $251.4K |
| Mar 25, 2026 | Burkhardt Timothy A. VP & Controller | Tax withheld | 1,168 | $84.7K |
| Mar 25, 2026 | Burkhardt Timothy A. VP & Controller | Tax withheld | 312 | $23.6K |
| Mar 25, 2026 | Burkhardt Timothy A. VP & Controller | Tax withheld | 2,369 | $171.8K |
| Mar 25, 2026 | Hough Laurie M. Other | Tax withheld | 825 | $62.4K |
| Mar 25, 2026 | Hough Laurie M. Other | Tax withheld | 2,374 | $172.2K |
| Mar 25, 2026 | Hough Laurie M. Other | Tax withheld | 4,814 | $349.2K |
| Mar 25, 2026 | KIMMELL JOSEPH A. EVP, Operations | Tax withheld | 3,466 | $251.4K |
| Mar 25, 2026 | Larson Timothy Mark President & CEO | Tax withheld | 1,928 | $145.8K |
| Mar 25, 2026 | KIMMELL JOSEPH A. EVP, Operations | Tax withheld | 474 | $35.8K |
| Mar 25, 2026 | Larson Timothy Mark President & CEO | Tax withheld | 2,074 | $150.4K |
| Mar 25, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Tax withheld | 1,456 | $105.6K |
| Mar 20, 2026 | KIMMELL JOSEPH A. EVP, Operations | Tax withheld | 975 | $70.7K |
| Mar 20, 2026 | Larson Timothy Mark President & CEO | Tax withheld | 1,113 | $80.7K |
| Mar 20, 2026 | LYALL JONATHAN WADE EVP Sales/Business Development | Tax withheld | 829 | $60.1K |
| Mar 20, 2026 | Hough Laurie M. Other | Tax withheld | 1,289 | $93.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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