$SKY

Champion Homes, Inc.

CIK:0000090896|SEC Filings

Condensed Consolidated Income Statements (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 710,234	$ 701,318
Cost of sales	530,970	511,488
Gross profit	179,264	189,830
Selling, general, and administrative expenses	118,991	111,309
Operating income	60,273	78,521
Interest (income), net	(4,539)	(4,536)
Other (income)	(3,280)	(1,220)
Income before income taxes	68,092	84,277
Income tax expense	17,009	17,699
Net income before equity in net loss of affiliates	51,083	66,578
Equity in net loss of affiliates	569	585
Net income	50,514	65,993
Net income attributable to non-controlling interest	1,357	1,306
Net income attributable to Champion Homes, Inc.	$ 49,157	$ 64,687
Net income attributable to Champion Homes, Inc. per share:
Basic	$ 0.9	$ 1.13
Diluted	$ 0.89	$ 1.13

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash flows from operating activities
Net income	$ 50,514	$ 65,993
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,334	11,902
Amortization of deferred financing fees	146	93
Equity-based compensation	6,183	4,978
Deferred taxes	1,021	507
Loss on disposal of property, plant, and equipment	346	29
Foreign currency transaction loss (gain)	595	(796)
Equity in net loss of affiliates	569	585
Dividends from equity method investment	238	236
(Gain) on sale of investment in ECN	(2,514)	0
Change in assets and liabilities:
Accounts receivable	(6,210)	(14,910)
Floor plan receivables	5,716	(144)
Inventories	(5,571)	5,450
Other assets	(4,645)	(4,333)
Accounts payable	5,821	2,697
Accrued expenses and other liabilities	7,937	3,015
Net cash provided by operating activities	72,480	75,302
Cash flows from investing activities
Additions to property, plant, and equipment	(9,834)	(8,901)
Cash paid for equity method investment	0	(447)
Proceeds from sale of investment in ECN	136,998	0
Acquisition, net of cash acquired	(2,000)	(24,555)
Proceeds from disposal of property, plant, and equipment	822	39
Net cash provided by (used in) investing activities	125,986	(33,864)
Cash flows from financing activities
Changes in floor plan financing, net	4,746	(2,407)
Payments on long term debt	0	(684)
Distributions to noncontrolling interest	(1,357)	0
Payments for repurchase of common stock	(50,000)	(50,000)
Stock option exercises	428	3,550
Tax payments for equity-based compensation	(2,644)	(2,323)
Net cash (used in) financing activities	(48,827)	(51,864)
Effect of exchange rate changes on cash and cash equivalents	(3,186)	5,415
Net increase in cash and cash equivalents	146,453	(5,011)
Cash and cash equivalents at beginning of period	638,259	610,338
Cash and cash equivalents at end of period	$ 784,712	$ 605,327

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Jun. 27, 2026

Mar. 28, 2026

Current assets:

Cash and cash equivalents

$ 784,712

$ 638,259

Trade accounts receivable, net

94,899

88,810

Inventories, net

363,635

358,313

Other current assets

46,669

42,836

Total current assets

1,289,915

1,128,218

Long-term assets:

Property, plant, and equipment, net

312,356

314,197

Goodwill

365,151

Amortizable intangible assets, net

52,824

55,815

Deferred tax assets

22,422

23,456

Other noncurrent assets

104,892

244,709

Total assets

2,147,560

^[1]

2,131,546

Current liabilities:

Floor plan payable

99,395

94,649

Accounts payable

75,550

70,546

Other current liabilities

296,159

290,147

Total current liabilities

471,104

455,342

Long-term liabilities:

Long-term debt

14,440

Deferred tax liabilities

8,327

8,445

Other liabilities

81,117

80,382

Total long-term liabilities

103,884

103,267

Stockholders' Equity:

Common stock, $0.0277 par value, 115,000 shares authorized, 54,264 and 54,841 shares issued as of June 27, 2026 and March 28, 2026, respectively

1,505

1,521

Additional paid-in capital

618,543

611,934

Retained earnings

972,036

975,947

Accumulated other comprehensive loss

(19,512)

(16,465)

Total stockholders' equity

1,572,572

1,572,937

Total liabilities and stockholders' equity

$ 2,147,560

$ 2,131,546

[1]	Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.