Skyline Champion Corp. ( (SKY) ) has released its Q2 earnings. Here is a breakdown of the information Skyline Champion Corp. presented to its investors.
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Champion Homes, Inc., a prominent player in the North American factory-built housing sector, specializes in manufacturing and selling a diverse range of homes, including manufactured, modular, and park-model homes. With over 70 years of experience, the company operates 46 manufacturing facilities across the United States and Canada, catering to single-family, multi-family, and hospitality sectors.
In the second quarter of fiscal 2026, Champion Homes reported a notable 11% increase in net sales, reaching $684.4 million. The company also saw a 6.3% rise in net income, amounting to $58.2 million, and a 9.6% increase in earnings per diluted share to $1.03. These results were driven by strategic advancements in retail and digital capabilities, as well as a focus on affordable housing solutions.
Key financial metrics highlighted in the report include a 3.4% increase in U.S. homes sold, totaling 6,575 units, and a 6.8% rise in the average selling price per home to $98,700. The gross profit margin expanded by 50 basis points to 27.5%, while adjusted EBITDA grew by 12.3% to $83.4 million. Additionally, the company repurchased $50 million worth of shares, reflecting its commitment to shareholder value.
Looking ahead, Champion Homes remains focused on executing its strategic priorities to enhance customer and shareholder value. The company is poised to continue its growth trajectory by leveraging its innovative housing solutions and expanding its market presence in response to the evolving demand for affordable housing.