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EX-99.1

2 sky-ex99_1.htm

EX-99.1

EX-99.1

99.1

CHAMPION HOMES ANNOUNCES FOURTH QUARTER AND FULL YEAR FISCAL 2026 RESULTS

Troy, Michigan, May 26, 2026 /Business Wire/ -- Champion Homes, Inc. (NYSE: SKY) (“Champion Homes” or the “Company”) today announced financial results for its fourth quarter and full year ended March 28, 2026 (“fiscal 2026”).

Fourth Quarter and Full Year Fiscal 2026 Highlights (compared to Fourth Quarter and Full Year Fiscal 2025, respectively, unless otherwise noted)

• 4QF26 net sales increased 4.6% to $621.3 million and FY26 net sales increased 7.3% to $2.7 billion

• 4QF26 net income decreased 18.4% to $29.7 million, while FY26 net income increased 4.3% to $206.9 million

• Adjusted net income for 4QF26 increased 0.8% to $37.7 million; FY26 adjusted net income increased 6.2% to $217.4 million

• Adjusted EBITDA increased 6.3% to $55.9 million in 4QF26 and FY26 adjusted EBITDA increased 8.1% to $308.2 million

• 4QF26 earnings per diluted share (“EPS”) was $0.53, and on an adjusted basis, EPS was $0.68; FY26 EPS was $3.66 and FY26 adjusted EPS increased 9.4% to $3.85

• Backlog decreased 8.0% year-over-year and increased 18.8% in 4QF26 to $316.0 million from the sequential third quarter

“Fiscal 2026 was a year of strong execution. Champion continued to outperform the broader industry while consistently meeting our internal expectations despite a volatile and challenging macro environment,” said Tim Larson, President and Chief Executive Officer of Champion Homes. “Both our fourth quarter and full-year results reflect the commitment to our strategic priorities focused on addressing the unmet demand from affordability-constrained consumers with high-quality homes. Our strong balance sheet, differentiated channel strategy, and industry-leading family of brands position us well for continued execution and value creation for all our stakeholders. We continue to invest in new products and services and expand our retail capabilities, including the acquisition of Homes Direct.”

Fourth Quarter Fiscal 2026 Results

Net sales for the fourth quarter fiscal 2026 increased 4.6% to $621.3 million compared to the prior-year period. The number of U.S. homes sold in the fourth quarter fiscal 2026 decreased 0.6% to 5,908, driven by lower community/REIT channel volume, partially offset by sales from the Iseman Homes acquisition. The ASP per U.S. home sold increased 4.6% to $98,600 due to product mix and channel dynamics. The

number of Canadian factory-built homes sold in the quarter increased to 243 homes compared to 230 homes in the prior-year period.

Gross profit increased 1.3% to $154.4 million in the fourth quarter fiscal 2026 compared to the prior-year period. Adjusted gross profit for the fourth quarter fiscal 2026 increased 4.6% to $159.4 million compared to the prior-year period. On an adjusted basis, gross profit margin was 25.7%, flat compared to the fourth quarter fiscal 2025.

Net income decreased 18.4% to $29.7 million for the fourth quarter fiscal 2026 compared to the prior-year period. The decrease in net income was primarily driven by charges related to the change in fair value of acquisition contingent consideration and product liability true-up. On an adjusted basis, net income increased 0.8% to $37.7 million for the fourth quarter fiscal 2026.

For the fourth quarter fiscal 2026, EBITDA decreased 11.1% to $45.7 million. Adjusted EBITDA for the fourth quarter fiscal 2026 increased 6.3% to $55.9 million compared to the prior-year period. Adjusted EBITDA margin for the quarter increased slightly to 9.0%, compared to 8.9% in the prior-year period.

As of March 28, 2026, Champion Homes had $638.3 million in cash and cash equivalents. The Company repurchased and retired $50.0 million of its common stock during the fourth quarter and $200.0 million for the full fiscal year under the previously announced repurchase program. In May 2026, the Board of Directors refreshed the share repurchase authorization to provide for $150 million of potential future repurchases.

Full Year Fiscal 2026 Results

For fiscal year 2026, net sales increased 7.3% to $2.7 billion compared to $2.5 billion in fiscal 2025. The increase in net sales was primarily driven by ASP per US home sold and the inclusion of Iseman Homes, acquired in May 2025.

Gross profit increased 6.1% to $704.3 million in fiscal 2026 compared to $664.0 million in fiscal 2025. On an adjusted basis, gross profit for fiscal 2026 increased 6.8% to $709.3 million compared to the prior-year period. Adjusted gross profit margin was 26.6% compared to 26.7% in fiscal 2025. Gross profit margin was 26.4% of net sales, compared to 26.7% in fiscal 2025.

Net income for fiscal 2026 increased 4.3% to $206.9 million compared to $198.4 million for fiscal 2025, driven by higher sales, partially offset by higher SG&A and the aforementioned one-time acquisition contingent consideration and product liability true-up. Adjusted net income increased 6.2% to $217

8-K

false000009089600000908962026-02-032026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 3, 2026

CHAMPION HOMES, INC.

(Exact name of Registrant as Specified in Its Charter)

Indiana

001-04714

35-1038277

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

755 West Big Beaver Road, Suite 1000

Troy, Michigan

48084

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (248) 614-8211

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

SKY

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 3, 2026, Champion Homes, Inc. (the "Company") issued a press release relating to its results of operations and financial condition for the quarter ended December 27, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The attached press release contains both U.S. Generally Accepted Accounting Principles (“GAAP”) and non-GAAP financial measures. Reconciliations between non-GAAP and GAAP financial measures are included in the attached press release. The Company's management utilizes non-GAAP financial information to provide a useful measure of comparative operating performance of the Company. The non-GAAP financial measures are supplemental to, and not a substitute for, measures of financial performance prepared in accordance with GAAP.

The press release, and the information set forth therein, is being furnished pursuant to Item 2.02 of this Current Report and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section. Nor shall such document be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in the filing unless specifically stated so therein. Item 8.01 Other Events. On January 29, 2026, the Company's Board of Directors approved an increase of $50.0 million to the Company's existing share repurchase program to refresh the available amount to $150.0 million, which was also announced in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K. Portions of such press release with respect to the share repurchase program are incorporated in this Item 8.01 by reference. Item 9.01 Financial Statements and Exhibits.

99.1

Press Release issued by Champion Homes, Inc. on February 3, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Champion Homes, Inc.

Date:

February 3, 2026

By:

/s/ Laurel Krueger

Laurel Krueger Senior Vice President General Counsel