Champion Homes Inc

ir.championhomes.com

What Do They Do?

Builds manufactured and modular homes, park model RVs, and modular buildings for homebuyers and housing businesses.

How Do They Make Money?

Independent retailers buy homes on customary industry terms; floor-plan-financed sales are generally paid 5 to 10 business days after invoice. Consumers buy through company-owned stores, with sales tied to delivery, setup and acceptance; transportation sales are tied to final delivery.

revenue

Segment	Share	How money arrives
Manufacturing Sold outright	62% FY2023: 87%	Sold outright
Retail Sold outright	37% FY2023: 11%	Sold outright
Transportation Sold outright	1.4% FY2023: 2.0%	Sold outright

Who Are Their Customers?

Manufactured homes are sold mainly to independent retailers, builders and developers, and community operators; consumers also buy through company-owned retail centers. Products are marketed through independent and company-owned retailers, community operators, government agencies, and builders and developers.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2026 and turned 10 cents into free cash flow.

Operating income, FY2026

9% of revenue

▲ +6% vs FY2025 ($237M, 10%)

Net income, FY2026

8% of revenue

▲ +4% vs FY2025 ($198.4M, 8%)

Free cash flow, FY2026

10% of revenue

▲ +42% vs FY2025 ($190.3M, 8%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q1 FY2026, the three months to Jun 27, 2026

Revenue: ▲ +1%; vs $701.3M in Q1 FY2025
Net income: ▼ −24%; vs $64.7M in Q1 FY2025

Manufacturing share of revenue vs 64.9% in Q1 FY2025

Jun 1, 2026 Board chair resigns; Michael Berman becomes chair Tawn Kelley resigned as board chair and director, and Michael Berman was appointed board chair.

Growing. Revenue grew 21% in 4 years, from $2.2B in FY2022 to $2.7B in FY2026, about 5% a year.

Home financing The older overview describes homebuilding, construction, retail and trucking; the latest overview also describes Champion Financing, which offers dealer floor-plan and consumer retail loans through Triad.

Revenue over time

Manufacturing Retail Transportation Commercial

$5B$2.5B$0

FY2022 FY2023 FY2024 FY2025 FY2026

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