Champion Homes Reports Q2 2026 Financial Results with $710.2M in Net Sales

Champion Homes, Inc. reported its financial results for the three months ended June 27, 2026, revealing a net sales figure of $710.2 million, an increase of 1.3% from $701.3 million in the same period last year. The company's gross profit for the quarter was $179.3 million, down from $189.8 million, resulting in a gross margin of 25.2%, compared to 27.1% in the prior year. Operating income also decreased to $60.3 million from $78.5 million, while net income attributable to Champion Homes fell to $49.2 million, or $0.90 per share, down from $64.7 million, or $1.13 per share, in the previous year.

The company experienced notable changes in its operational metrics, with U.S. manufacturing and retail net sales increasing by 2.3% to $677.4 million, driven by a 1.8% rise in homes sold. However, the Canadian segment saw a significant decline, with net sales dropping 22.6% to $23.3 million, attributed to a 26.0% decrease in homes sold and the closure of the Kelowna, BC plant. The overall decrease in profitability was influenced by higher manufacturing material costs and increased selling, general, and administrative expenses, which rose by 6.9% to $119.0 million.

Strategically, Champion Homes has been active in expanding its footprint through acquisitions. In August 2026, the company completed the acquisition of Homes Direct, adding 11 retail sales centers in the western U.S. This follows the earlier acquisition of Iseman Homes in May 2025, which enhanced distribution capabilities. The company is also focusing on operational improvements, including idling production at certain facilities to enhance efficiency. As of June 27, 2026, Champion Homes operated 42 manufacturing facilities in the U.S. and four in Canada, alongside 84 retail sales centers.

The company reported a manufacturing backlog of $421.8 million, a significant increase from $302.5 million a year earlier, indicating strong demand for its products. This backlog reflects order rates exceeding production rates during the quarter. Additionally, Champion Homes' market share in the U.S. for HUD-code homes rose to 23.1%, up from 22.5% in the previous year, while its overall estimated market share in the U.S. housing market increased to approximately 3.0%.

Looking ahead, Champion Homes anticipates continued demand for affordable housing solutions, driven by demographic trends and economic conditions. The company is committed to enhancing its manufacturing capacity and expanding its product offerings to meet market needs. Management remains optimistic about future growth, supported by a strong liquidity position, with cash and cash equivalents totaling $784.7 million as of the end of the reporting period.