Latest Quarterly Results
For the third quarter of fiscal 2026, Champion Homes reported consolidated net sales of $656.6 million, a 1.8% increase compared to the $644.9 million reported in the third quarter of fiscal 2025. Net income attributable to the company was $54.3 million, representing an 11.7% decrease from the $61.5 million recorded in the prior-year period.
Gross profit for the quarter was $172.2 million, a decrease of 4.9% compared to the prior-year period. The gross profit margin contracted by 190 basis points to 26.2%. Adjusted EBITDA for the period was $74.8 million, a 10.2% decline compared to the third quarter of fiscal 2025.
Full-Year Results Context
For the first nine months of fiscal 2026, the company reported total net sales of $2.04 billion, compared to $1.89 billion for the same period in fiscal 2025. Net income for the nine-month period reached $177.2 million, up from $162.1 million in the previous year. These figures indicate a growth trend in revenue and profit on a year-to-date basis despite the third-quarter contraction.
Business & Operations Update
Verifiable operational data shows that U.S. homes sold decreased 2.6% to 6,270 units during the quarter. This volume decline was attributed to lower sales in the community REIT channel and shifts in year-over-year weather patterns. However, the Average Selling Price (ASP) per U.S. home sold increased 4.6% to $99,300, driven by product mix adjustments and price increases at retail centers. The company’s backlog decreased 15.1% to $266.0 million compared to the second quarter of fiscal 2026. Canadian factory-built home sales increased 2.9% to 215 units.
M&A or Strategic Moves
Champion Homes completed the acquisition of Iseman Homes in May 2025. This transaction contributed to the increase in selling, general, and administrative (SG&A) expenses, which rose to $109.7 million from $108.2 million in the prior-year quarter. Additionally, on January 29, 2026, the company’s board of directors refreshed the share repurchase authorization to $150 million. During the third quarter, the company repurchased $50.0 million of its common stock.
Performance Summary
Champion Homes stock fell 0.84% following the announcement of a 1.8% increase in quarterly revenue to $656.6 million. Net income for the quarter declined 11.7% to $54.3 million as higher manufacturing costs impacted gross margins. While U.S. unit volumes decreased, higher average selling prices and a nine-month revenue growth trend were reported. The company maintains a cash position of $659.8 million.