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Get filing alertsChampion Homes reports Q1 FY2027 results, completes $50M buyback, refreshes authorization to $150M
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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Board refreshed share repurchase authorization to $150M after retiring $50M of stock in Q1, signaling continued capital return commitment with $784.7M cash on hand.
Item 8.01 verify on EDGAR → -
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Q1 FY2027 net sales rose 1.3% to $710.2M on 1.8% higher U.S. unit sales (7,089 homes) and 0.6% ASP gain to $95,600, driven by company-owned retail pricing.
Exhibit 99.1 view on EDGAR → -
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Net income fell to $49.2M ($0.89 EPS) from prior year, pressured by higher material costs and elimination of Energy Star tax credits despite modest sales growth.
Exhibit 99.1 view on EDGAR → -
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Adjusted gross margin of 25.2% reflects inflationary material cost headwinds partially offset by pricing gains at captive retail stores.
Exhibit 99.1 view on EDGAR → -
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Backlog stood at $421.8M at quarter-end, providing near-term revenue visibility alongside adjusted EBITDA margin of 10.4%.
Exhibit 99.1 view on EDGAR →
Summary
Champion Homes reported first quarter fiscal 2027 results showing modest top-line growth but margin pressure from inflation. Net sales increased 1.3% to $710.2 million, driven by a 1.8% rise in U.S. home unit sales to 7,089 and a 0.6% increase in average selling price to $95,600, with pricing strength concentrated in company-owned retail channels.
However, net income declined to $49.2 million ($0.89 per diluted share) as higher material costs and the elimination of Energy Star tax credits more than offset the sales gains. Adjusted gross margin compressed to 25.2% despite pricing actions.
The company's capital allocation remains shareholder-friendly: Champion retired $50 million of stock during the quarter and the Board refreshed the repurchase authorization to $150 million in July 2026, backed by a strong balance sheet with $784.7 million in cash. The $421.8 million backlog provides near-term revenue visibility. Investors should monitor whether pricing power at company-owned retail can continue to offset input cost inflation in coming quarters, and whether the modest unit growth reflects stabilizing demand or ongoing market softness in the manufactured housing sector.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Champion Homes disclosed Q3 FY2026 financial results for the quarter ended June 27, 2026 via press release.
Added in current filing · verify on EDGAR →
On August 4, 2026, Champion Homes, Inc. (the “Company”) issued a press release relating to its results of operations and financial condition for the quarter ended June 27, 2026.
Champion Homes announced financial results for its fiscal third quarter ended June 27, 2026. The 8-K itself does not contain the actual financial figures — those are in the attached press release (Exhibit 99.1), which was not provided in this filing body.
Event · Exhibit 99.1
Champion Homes reported Q1 FY2027 results with 1.3% revenue growth, 25.2% gross margin, $0.89 EPS, and $50M share buyback.
Added in current filing · view on EDGAR → · paraphrased
Gross profit was $179.3 million in the first quarter fiscal 2027. Adjusted gross profit was $179.0 million for an adjusted gross profit margin of 25.2%. Higher material costs were partially offset by modest sales growth and pricing benefits in company-owned retail. ... Net income was $49.2 million for the first quarter fiscal 2027. Adjusted net income was $48.3 million. The decrease in net income compared to the prior year was primarily driven by inflationary increases in cost of sales and higher effective tax rate due to the elimination of Energy Star tax credits. ... Earnings per diluted share ("EPS") of $0.89; adjusted EPS of $0.88
The company reported gross profit of $179.3 million with an adjusted gross margin of 25.2%, pressured by higher material costs but partially offset by sales growth and retail pricing. Net income declined to $49.2 million (adjusted $48.3 million) from the prior year, driven by inflationary cost increases and a higher effective tax rate due to the elimination of Energy Star tax credits. Diluted EPS was $0.89 (adjusted $0.88).
Added in current filing · view on EDGAR →
EBITDA was $74.0 million for the first quarter fiscal 2027 and adjusted EBITDA was $73.6 million. Adjusted EBITDA margin for the quarter was 10.4%.
Champion Homes generated EBITDA of $74.0 million and adjusted EBITDA of $73.6 million in the first quarter of fiscal 2027, representing an adjusted EBITDA margin of 10.4%. This reflects the company's operating performance after adjusting for non-recurring items.
Added in current filing · view on EDGAR → · paraphrased
As of June 27, 2026, Champion Homes had $784.7 million in cash and cash equivalents. ... Backlog of $421.8 million
The company ended the quarter with a strong cash position of $784.7 million and a backlog of $421.8 million. The substantial cash balance provides financial flexibility for operations, acquisitions, and capital returns, while the backlog indicates near-term revenue visibility.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify