EarningsQ1 2027 Earnings Report
MX:SKY1 Q1 2027 EPS Results
Actual EPS$15.98
Consensus EPS$15.86
Beat/MissBeat by +$0.13
One Year Ago EPS$21.61
MX:SKY1 Q1 2027 Revenue Results
Actual Revenue$12.90B
Expected Revenue$12.75B
Beat/MissBeat by +$149.98M
YoY Revenue Growth+1.27%
Earnings Announcement Details
QuarterQ1 2027
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:SKY1 Upcoming Earnings
Champion Homes's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:SKY1 Q1 2027 Earnings Call
0:00 / 0:00
Q1 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid execution and cautious optimism: modest top-line growth, strong backlog expansion, improved utilization, healthy cash generation and strategic progress (Homes Direct acquisition and favorable regulatory developments). These positives were balanced against short-term pressures—elevated material costs, channel-driven ASP mix headwinds, a notable Canada volume decline and a higher effective tax rate. Management provided constructive Q2 guidance while emphasizing that some benefits (Homes Direct, HUD rule changes) will ramp over time.Company Guidance
Revenue Growth
Net sales increased 1.3% year-over-year to $710.2 million for Q1 fiscal 2027, slightly ahead of expectations.
Unit and ASP Performance
U.S. homes sold rose 1.8% year-over-year to 7,089 units; average selling price increased 0.6% year-over-year to approximately $95,600.
Backlog Expansion
Manufacturing backlog increased to $421.8 million versus $302.0 million in the prior-year quarter, an approximate 39.7% year-over-year increase; backlog lead time ~9 weeks (within 4–12 week target).
Manufacturing Utilization Improvement
Manufacturing capacity utilization was 62%, up from 59% sequentially and up 1 percentage point versus the same period last year.
Channel Strength and Dealer Momentum
Sales to the independent retail channel increased 4% year-over-year; captive retail represented ~35% of consolidated sales (versus 34% prior year); community and builder-developer channels showed modest to accelerating order trends.
Profitability and Margins
Adjusted gross profit was $179 million with an adjusted gross margin of 25.2%; adjusted EBITDA was $73.6 million (10.4% margin); adjusted net income attributable to Champion Homes was $48.3 million, or $0.88 per diluted share.
Strong Balance Sheet and Cash Generation
Cash and cash equivalents totaled $784.7 million (up from $638.3 million at fiscal year-end); operating cash flow was $72.5 million for the quarter; proceeds of ~CAD 189.1 million were received from the ECN transaction (partially reinvested).
Capital Return and Buybacks
Repurchased and retired $50 million of common stock during the quarter; since program inception Champion repurchased $330 million (about 8% of outstanding shares); board refreshed buyback authorization to $150 million.
Strategic Acquisition and Market Expansion
Homes Direct acquisition closed on August 1 (not included in Q1 results); Homes Direct adds 11 stores and historically did about $70 million in sales, accelerating the direct-to-consumer strategy.
Regulatory Progress Supporting Long-Term Demand
21st Century ROAD to Housing Act became law (July 10), enabling HUD rulemaking for off-chassis HUD homes—expected to expand addressable market and regulatory acceptance over time.
MX:SKY1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed