secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000950170-25-103056
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Champion Q1 FY2026 net sales +11.7% to $701M; EPS $1.13 (+43%); boosts buyback to $150M
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- Net sales $701.3M (+11.7% YoY); U.S. homes sold increased 6.5% to 6,965; ASP up 3.6% to $95,000.
- Net income $64.7M (+41.3%); diluted EPS $1.13 (+43%); adjusted EBITDA $94.2M (+25.6%); gross margin 27.1% (+90bps).
- Closed Iseman Homes acquisition; repurchased $50M of stock in Q1; Board refreshed authorization to $150M on July 24, 2025.
- Cash and cash equivalents $605.3M; credit facility amended and extended through 2030.
- Backlog decreased 11.9% sequentially to $302.5M; SG&A as % of sales improved to 15.9% from 17.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017025103056/0000950170-25-103056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017025103056/sky-20250805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-103056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer