Champion Homes | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 710.23 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2027 Q1, the actual value is USD 710.23 M, beating the estimate of USD 701.98 M.
EPS: As of FY2027 Q1, the actual value is USD 0.89.
EBIT: As of FY2027 Q1, the actual value is USD 63.55 M.
Financial Highlights for Q1 Fiscal 2027 (ended June 27, 2026)
- Net Sales: Increased by 1.3% to $710.2 million compared to the prior-year period.
Operational Metrics
- Gross Profit: $179.3 million.
- Adjusted Gross Profit: $179.0 million.
- Gross Profit Margin: 25.2%.
- Operating Income: $60.273 million.
- Selling, General, and Administrative Expenses (SG&A): Increased to $119.0 million from $111.3 million in the same period last year.
- Adjusted SG&A: Increased 8.6% to $116.8 million, representing 16.4% of net sales.
- Net Income Attributable to Champion Homes, Inc.: $49.157 million.
- Adjusted Net Income: $48.294 million.
- EBITDA: $73.961 million.
- Adjusted EBITDA: $73.584 million, with an adjusted EBITDA margin of 10.4%.
Cash Flow
- Net Cash Provided by Operating Activities: $72.480 million.
- Net Cash Provided by Investing Activities: $125.986 million.
- Net Cash Used in Financing Activities: - $48.827 million.
Unique Metrics
- Backlog: $421.8 million as of June 27, 2026.
- Cash and Cash Equivalents: Champion Homes, Inc. had $784.7 million as of June 27, 2026.
- U.S. Homes Sold: Increased by 1.8% to 7,089 units.
- Average Selling Price (ASP) per U.S. Home Sold: Increased by 0.6% to $95,600.
- Canadian Factory-Built Homes Sold: 185 units in the quarter.
Outlook / Guidance
- On August 4, 2026, Champion Homes, Inc.’s Board of Directors approved an increase of $50.0 million to the existing share repurchase program, refreshing the available amount to $150.0 million for potential future repurchases. The company had already repurchased and retired $50.0 million of its common stock during the first quarter.
