Champion Homes Reports 15.3% Revenue Growth to $644.9 Million in Latest Quarter

Champion Homes, Inc., formerly known as Skyline Champion Corporation, reported significant financial growth in its latest quarterly results, with net sales reaching $644.9 million for the three months ended December 28, 2024, a 15.3% increase from $559.5 million in the same period last year. The company's gross profit also rose to $181.0 million, up 28.1% year-over-year, driven by higher sales volumes and improved pricing strategies. For the nine-month period, net sales totaled $1.89 billion, reflecting a 26.9% increase compared to $1.49 billion in the prior year, with net income attributable to Champion Homes rising to $162.1 million from $143.9 million.

The company’s financial performance was bolstered by the acquisition of Regional Homes in October 2023, which contributed approximately $447.3 million in net sales for the first nine months of fiscal 2025. This acquisition expanded Champion Homes' manufacturing and retail footprint, particularly in the Southeast U.S., and is expected to enhance operational efficiencies and profitability. The company also reported a manufacturing backlog of $312.6 million as of December 28, 2024, compared to $290.4 million a year earlier, indicating strong demand for its products.

Operationally, Champion Homes maintained 43 manufacturing facilities in the U.S. and five in Canada, with 72 retail sales centers across the U.S. The company sold 6,437 homes in the U.S. during the latest quarter, a 14.1% increase from the previous year. However, Canadian sales faced challenges, with net sales declining by 16.6% due to reduced demand in that market. The company’s market share in the U.S. for HUD-code homes increased to 22.2% from 18.9% year-over-year, reflecting its competitive positioning in the factory-built housing sector.

Looking ahead, Champion Homes anticipates continued growth driven by the ongoing demand for affordable housing solutions. The company plans to enhance its manufacturing capacity and expand its retail network further, while also focusing on operational improvements to increase profitability. The management expressed confidence in meeting future liquidity needs through cash flows from operations and existing cash balances, supported by a $200 million revolving credit facility, of which $168.5 million remains available for borrowing. The company remains vigilant regarding market conditions and potential economic challenges that could impact its operations and financial performance.