What did Champion Homes (NYSE:SKY) report for fiscal year 2026 earnings?

Champion Homes reported fiscal 2026 net sales of $2.7 billion, up 7.3% year over year. Full-year GAAP net income rose 4.3% to $206.9 million, while adjusted EBITDA increased 8.1% to $308.2 million. The company said higher average selling prices and the integration of Iseman Homes helped support growth despite a difficult housing environment.

Why did Champion Homes’ (NYSE:SKY) revenue grow in fiscal 2026?

Growth was driven mainly by higher average selling prices on US homes and the contribution from the Iseman Homes acquisition completed in May 2025. Even with broader housing-market pressure from elevated interest rates and affordability challenges, the company maintained pricing strength in manufactured housing.

Why did Champion Homes’ (NYSE:SKY) fourth-quarter profit decline?

Fourth-quarter GAAP net income fell 18.4% year over year to $29.7 million because of higher selling and administrative expenses plus a product liability true-up. In simple terms, the company faced additional operational and legal-related accounting costs during the quarter. These pressures weighed on reported earnings despite continued sales growth.

What were Champion Homes’ (NYSE:SKY) adjusted earnings results?

Adjusted results were stronger than the headline GAAP figures because they excluded certain one-time acquisition and operational items. Adjusted Q4 net income rose slightly to $37.7 million, while full-year adjusted net income increased 6.2% to $217.4 million. Adjusted EPS for the year reached $3.85.

What does Champion Homes’ (NYSE:SKY) new $150 million share buyback authorization mean?

The board approved a refreshed stock repurchase authorization of up to $150 million. Buybacks can support shareholder returns by reducing outstanding shares and potentially increasing earnings per share over time. They may also signal management confidence in the company’s long-term valuation.

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Champion Homes sales rise to $2.7B as buyback reaches $150M

Written by Mahathir BayenaPublished May. 26 2026Last Updated May. 26 2026

Champion Homes (NYSE:SKY) reported higher net sales for both the fourth quarter and full fiscal year 2026, leveraging steady average selling prices to counter macroeconomic housing headwinds while refreshing its capital return program.

The Troy, Michigan-based manufactured housing producer announced Tuesday that its net sales for the full fiscal year ended March 28, 2026, increased 7.3% to $2.7 billion, up from $2.5 billion in fiscal 2025.

Top-line results were driven by a higher average selling price per home sold in the U.S. and the structural integration of Iseman Homes, which the company acquired in May 2025.

For the fourth quarter, net sales advanced 4.6% year-over-year to $621.3 million.

The operational performance prompted the board of directors to refresh the company's share repurchase authorization, providing up to $150 million for potential future open-market equity recoveries.

Despite the steady top-line growth, profitability metrics varied across the periods due to shifting product liabilities and non-recurring operational adjustments.

Full-year GAAP net income grew 4.3% to $206.9 million, or $3.66 per diluted share.

However, fourth-quarter net income fell 18.4% to $29.7 million, or $0.53 per diluted share, heavily impacted by elevated selling, general, and administrative expenses alongside a product liability true-up.

On an adjusted basis—isolating one-time acquisition contingencies—earnings showed minor improvements.

Fourth-quarter adjusted net income ticked up 0.8% to $37.7 million, yielding an adjusted EPS of $0.68.

Full-year adjusted net income advanced 6.2% to $217.4 million, or $3.85 per diluted share, representing a 9.4% increase over fiscal 2025 metrics.

Operational tracking indicated shifts in forward visibility.

The builder's manufacturing order backlog stood at $316 million at the end of the fiscal year, representing an 8% contraction compared to the prior-year period.

However, the order book rebounded 18.8% sequentially when measured against the third quarter of fiscal 2026, pointing to a seasonal stabilization in home buyer orders ahead of the spring building cycle.

Consolidated adjusted EBITDA for the full year grew 8.1% to $308.2 million, resulting in a slight expansion of the company's adjusted EBITDA margin to 11.6% from 11.5% in the preceding fiscal year.

Gross profit margin for the twelve-month period finished at 26.4%, down slightly from 26.7% due to escalating material inputs and labor expenses across its regional manufacturing plants.