Champion Homes, Inc. (NYSE: SKY) shares closed at $77.42 on the New York Stock Exchange, representing a 0.84% intraday decrease. The stock’s performance follows the release of financial results for the third quarter of fiscal 2026, which ended December 27, 2025.
As of today’s market close, the market capitalization of Champion Homes, Inc. stands at approximately $4.35 billion.
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.
