Welcome to our dedicated page for Champion Homes news (Ticker: SKY), a resource for investors and traders seeking the latest updates and insights on Champion Homes stock.
Champion Homes (SKY) delivers innovative manufactured housing solutions and recreational vehicles through seven decades of operational excellence. This news hub provides investors and industry stakeholders with timely updates on corporate developments, financial milestones, and market initiatives.
Access comprehensive coverage of SKY's strategic moves including quarterly earnings reports, manufacturing innovations, and community partnership announcements. Our curated news collection serves as your primary resource for understanding the company's position in the affordable housing and recreational vehicle sectors.
Key updates include analysis of modular housing trends, travel trailer production developments, and leadership changes. All content undergoes rigorous verification to ensure alignment with SKY's documented operational history and financial disclosures.
Bookmark this page for streamlined access to Champion Homes' official communications and third-party analysis. Regularly updated to reflect new developments while maintaining historical context for long-term investment research.
Champion Homes (NYSE: SKY) has launched its first national manufactured duplex series, the Concord Duplex Series, addressing the nationwide affordable housing shortage. The series, debuted at the NAHB International Builders' Show in Las Vegas, offers multi-unit manufactured homes following recent HUD standards updates.
The series features floor plans ranging from 576-square-foot one-bedroom units to 960-square-foot three-bedroom units, available across 48 contiguous states. Key features include:
- Open concept floor plans and contemporary décor
- En-suite bathrooms and private entrances
- Flexible configuration options
- Faster construction timeline than site-built alternatives
The initiative aims to help address the U.S. housing shortage of approximately 1.5 million units, according to a 2024 NAHB report. The homes are manufactured in climate-controlled environments, reducing neighborhood disruption and construction waste while leveraging economies of scale.
Champion Homes (NYSE: SKY) has appointed Mary B. Fedewa as a new independent director to its Board of Directors, effective immediately. This appointment expands the board to eight directors, with seven being independent. Fedewa brings over 30 years of experience in finance and capital markets, particularly in the real estate industry.
Fedewa is currently the President and CEO of STORE Capital, a real estate investment trust she co-founded. At STORE Capital, she formed and led the acquisitions group and oversees operations, servicing, underwriting, portfolio management, IT, and real estate closing areas. Her previous roles include Managing Director of Acquisitions at Spirit Finance and various leadership positions at GE Capital.
Skyline Homes, part of Champion Homes (NYSE: SKY), has achieved a significant milestone by being named America's Most Trusted® Manufactured Home Builder for five consecutive years from 2021-2025. The company secured the highest Net Trust Quotient Score of 98.4 in the manufactured home market, according to the Lifestory Research 2025 study.
The prestigious recognition is based on comprehensive research involving 24,490 consumer opinions collected over 12 months in the United States. Since its establishment in 1951, Skyline Homes has served hundreds of thousands of homeowners through its eight manufacturing facilities across the country.
The brand's success is attributed to its focus on superior quality homes, outstanding customer service, premium construction, and high-grade materials. The Lifestory Research study, running for over a decade, evaluates consumer trust, brand quality, and likelihood of recommendation among manufactured housing shoppers.
Champion Homes (NYSE: SKY) reported strong financial results for Q3 fiscal 2025. Net sales increased 15.3% to $644.9 million, with U.S. homes sold up 14.1% to 6,437 units. The average selling price per U.S. home rose 2.8% to $94,900.
Key financial metrics showed significant improvement: gross profit margin expanded by 280 basis points to 28.1%, net income grew 31.0% to $61.5 million, and earnings per share increased 30.9% to $1.06. Adjusted EBITDA rose 25.7% to $83.3 million, with margin expanding to 12.9%.
The company maintained strong liquidity with $581.8 million in cash and cash equivalents. During the quarter, Champion repurchased $20 million of shares, and the Board authorized a new $100 million share repurchase program.
Champion Homes (NYSE: SKY) has announced it will release its third quarter fiscal 2025 earnings after market close on Tuesday, February 4, 2025. The company will host a conference call to discuss the results on Wednesday, February 5, 2025, at 8:00 A.M. Eastern Time.
Investors can access the live conference call through the company's website at ir.championhomes.com or by dialing (877) 407-4018 (domestic) or (201) 689-8471 (international). A replay will be available by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international) with passcode 13750900, accessible until February 19, 2025, at 11:59 P.M. Eastern Time.
Champion Homes (NYSE: SKY) announced a leadership transition, appointing Tim Larson as President, CEO, and Board member, effective immediately. Larson, who joined the company in 2021 as Chief Growth Officer, succeeds Mark Yost in these roles. In his previous position, Larson led the company's direct-to-consumer growth and brand transformation initiatives. He brings executive experience from roles as CEO of Jostens and CMO at Polaris Industries.
Board Chair Eddie Capel expressed confidence in Larson's leadership capabilities and noted that the company remains on track for solid third-quarter results. The transition aims to capitalize on new opportunities and continue building on the progress achieved during Yost's tenure.
Champion Homes has delivered a manufactured home in Versailles, Kentucky, as part of a pilot program addressing housing shortages in Central Kentucky. The initiative, developed in collaboration with the Kentucky Manufactured Housing Institute (KMHI) and Versailles City Council, showcases factory-built housing as an affordable housing solution.
The pilot house is a CrossMod home, combining off-site and on-site construction features, and qualifies for Fannie Mae's MH Advantage™ financing. As an ENERGY STAR 3 certified home, it offers 20% more energy efficiency than typical new homes, potentially saving homeowners around $250 annually in energy costs.
Champion Homes partners with iUnit Communities to build sustainable housing in Accomack County, Virginia, supported by a Virginia Housing Innovation Grant. The project includes two modular Innovation Cottages to be constructed at Champion's Liverpool, PA factory. The 3-bedroom, 2-bathroom cottages will feature GAF Energy's Timberline Solar™ shingle roofing system and Insul-Stud® energy-efficient building material. The collaboration builds on previous joint research, including a 380-square-foot modular studio apartment prototype tested at the National Renewable Energy Laboratory.
Champion Homes has unveiled The Neighborhood Village (TNV) in Goshen, California, marking a significant milestone in addressing homelessness. The development, which opened on September 26, 2024, features 53 residential units across 6.5 acres, constructed at Champion's Lindsay facility under the Redman Homes brand.
This first-of-its-kind permanent supportive housing community includes amenities like a park, library, and outdoor theater, along with on-site wellness programs and job training opportunities. The project is a collaboration between Salt + Light Works and Self Help Enterprises, supported by various local organizations and government agencies.
The development is now at full capacity, offering a new model for addressing chronic homelessness through comprehensive support services and community integration.
Champion Homes (NYSE: SKY) reported strong Q2 fiscal 2025 results with net sales increasing 32.9% to $616.9 million. U.S. homes sold rose 31.3% to 6,357 units, while ASP per U.S. home increased 4.5% to $92,400. The company achieved a gross profit margin of 27.0%, expanding 190 basis points year-over-year. Net income grew 19.8% to $54.7 million, with EPS rising 19% to $0.94. Total backlog increased 5.6% to $427 million from the previous quarter. The company maintained strong liquidity with $570.2 million in cash and repurchased $20 million of shares during the quarter.
