CHAMPION HOMES, INC., 10-Q filed on 2/4/2026
Quarterly Report
v3.25.4
Document and Entity Information - shares
9 Months Ended
Dec. 27, 2025
Jan. 30, 2026
Cover [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Dec. 27, 2025  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Entity Registrant Name Champion Homes, Inc.  
Entity Central Index Key 0000090896  
Current Fiscal Year End Date --03-28  
Entity Current Reporting Status Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   55,302,021
Entity File Number 001-04714  
Entity Tax Identification Number 35-1038277  
Entity Address, Address Line One 755 West Big Beaver Road  
Entity Address, Address Line Two Suite 1000  
Entity Address, City or Town Troy  
Entity Address, State or Province MI  
Entity Address, Postal Zip Code 48084  
City Area Code 248  
Local Phone Number 614-8211  
Title of 12(b) Security Common Stock  
Trading Symbol SKY  
Security Exchange Name NYSE  
Entity Incorporation, State or Country Code IN  
Entity Interactive Data Current Yes  
Document Transition Report false  
Document Quarterly Report true  
v3.25.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 27, 2025
Mar. 29, 2025
Current assets:    
Cash and cash equivalents $ 659,758 $ 610,338
Trade accounts receivable, net 67,086 84,103
Inventories, net 341,308 360,629
Other current assets 49,075 31,428
Total current assets 1,117,227 1,086,498
Long-term assets:    
Property, plant, and equipment, net 311,705 307,140
Goodwill 363,616 357,973
Amortizable intangible assets, net 58,762 64,712
Deferred tax assets 14,927 37,998
Other noncurrent assets 248,078 256,087
Total assets 2,114,315 [1] 2,110,408
Current liabilities:    
Floor plan payable 95,298 106,091
Accounts payable 47,510 65,136
Other current liabilities 268,747 280,081
Total current liabilities 411,555 451,308
Long-term liabilities:    
Long-term debt 23,816 24,773
Deferred tax liabilities 8,283 7,350
Other liabilities 78,435 82,539
Total long-term liabilities 110,534 114,662
Stockholders' Equity:    
Common stock, $0.0277 par value, 115,000 shares authorized, 55,294 and 57,109 shares issued as of December 27, 2025 and March 29, 2025, respectively 1,533 1,584
Additional paid-in capital 606,177 586,941
Retained earnings 998,998 975,981
Accumulated other comprehensive loss (14,482) (20,068)
Total stockholders' equity 1,592,226 1,544,438
Total liabilities and stockholders' equity $ 2,114,315 $ 2,110,408
[1] Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
v3.25.4
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 27, 2025
Mar. 29, 2025
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.0277 $ 0.0277
Common stock, shares authorized 115,000,000 115,000,000
Common stock, shares issued 55,294,000 57,109,000
v3.25.4
Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Income Statement [Abstract]        
Net Sales $ 656,614 $ 644,925 $ 2,042,361 $ 1,889,581
Cost of sales 484,421 463,903 1,492,406 1,378,011
Gross profit 172,193 181,022 549,955 511,570
Selling, general, and administrative expenses 109,727 108,214 334,153 316,696
Operating income 62,466 72,808 215,802 194,874
Interest (income), net (3,779) (3,991) (12,349) (12,977)
Other (income) (1,221) (2,158) (2,362) (3,363)
Income before income taxes 67,466 78,957 230,513 211,214
Income tax expense 12,375 16,698 48,625 45,809
Net income before equity in net (income) loss of affiliates 55,091 62,259 181,888 165,405
Equity in net (income) loss of affiliates (913) (568) (203) 1,466
Net income 56,004 62,827 182,091 163,939
Net income attributable to non-controlling interest 1,668 1,290 4,869 1,874
Net income attributable to Champion Homes, Inc. $ 54,336 $ 61,537 $ 177,222 $ 162,065
Net income attributable to Champion Homes, Inc. per share:        
Basic $ 0.97 $ 1.07 $ 3.14 $ 2.81
Diluted $ 0.97 $ 1.06 $ 3.12 $ 2.79
v3.25.4
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 56,004 $ 62,827 $ 182,091 $ 163,939
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 2,505 (7,540) 5,586 (7,046)
Total other comprehensive income (loss) 2,505 (7,540) 5,586 (7,046)
Total comprehensive income before non-controlling interests 58,509 55,287 187,677 156,893
Comprehensive income attributable to non-controlling interests 1,668 1,290 4,869 1,874
Comprehensive income attributable to Champion Homes, Inc. $ 56,841 $ 53,997 $ 182,808 $ 155,019
v3.25.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Cash flows from operating activities    
Net income $ 182,091 $ 163,939
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,825 30,796
Amortization of deferred financing fees 374 280
Equity-based compensation 15,406 14,184
Deferred taxes 22,197 (2,464)
(Gain) loss on disposal of property, plant, and equipment (2,623) 128
Foreign currency transaction (gain) loss (842) 1,436
Equity in net (income) loss of affiliates (203) 1,466
Dividends from equity method investment 718 1,011
Change in fair value of contingent consideration 0 7,912
Change in assets and liabilities:    
Accounts receivable 17,589 (3,858)
Floor plan receivables (1,234) (16,874)
Inventories 36,864 (18,902)
Other assets (11,738) 8,045
Accounts payable (17,103) (4,762)
Accrued expenses and other liabilities (26,156) 12,515
Net cash provided by operating activities 251,165 194,852
Cash flows from investing activities    
Additions to property, plant, and equipment (24,914) (37,971)
Cash paid for equity method investment (895) 0
Proceeds from floor plan loans 0 2,737
Acquisition, net of cash acquired (24,636) 0
Proceeds from disposal of property, plant, and equipment 5,126 222
Net cash (used in) investing activities (45,319) (35,012)
Cash flows from financing activities    
Changes in floor plan financing, net (10,939) (3,089)
Payments on long term debt (1,012) (20)
Payments of deferred financing fees (1,014) 0
Payments for repurchase of common stock (150,000) (59,999)
Stock option exercises 3,836 285
Tax payments for equity-based compensation (2,950) (3,031)
Net cash (used in) financing activities (162,079) (65,854)
Effect of exchange rate changes on cash and cash equivalents 5,653 (7,296)
Net increase in cash and cash equivalents 49,420 86,690
Cash and cash equivalents at beginning of period 610,338 495,063
Cash and cash equivalents at end of period $ 659,758 $ 581,753
v3.25.4
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Non-Controlling Interest [Member]
Beginning Balance at Mar. 30, 2024 $ 1,422,370 $ 1,605 $ 568,203 $ 866,485 $ (13,923)  
Beginning balance, shares at Mar. 30, 2024   57,815,000        
Net income 163,939     162,065   $ 1,874
Equity-based compensation 14,184   14,184      
Net common stock issued under equity-based compensation plans (2,742) $ 3 286 (3,031)    
Net common stock issued under equity-based compensation plans, shares   94,000        
Common stock repurchases (60,532) $ (21)   (60,511)    
Common stock repurchases, Shares   (711,000)        
Distributions to non-controlling interest (1,874)         (1,874)
Foreign currency translation adjustments (7,046)       (7,046)  
Ending Balance at Dec. 28, 2024 1,528,299 $ 1,587 582,673 965,008 (20,969)  
Ending balance, shares at Dec. 28, 2024   57,198,000        
Beginning Balance at Sep. 28, 2024 1,492,256 $ 1,592 579,685 924,408 (13,429)  
Beginning balance, shares at Sep. 28, 2024   57,384,000        
Net income 62,827     61,537   1,290
Equity-based compensation 2,971   2,971      
Net common stock issued under equity-based compensation plans (743) $ 1 17 (761)    
Net common stock issued under equity-based compensation plans, shares   19,000        
Common stock repurchases (20,182) $ (6)   (20,176)    
Common stock repurchases, Shares   (205,000)        
Distributions to non-controlling interest (1,290)         (1,290)
Foreign currency translation adjustments (7,540)       (7,540)  
Ending Balance at Dec. 28, 2024 1,528,299 $ 1,587 582,673 965,008 (20,969)  
Ending balance, shares at Dec. 28, 2024   57,198,000        
Beginning Balance at Mar. 29, 2025 1,544,438 $ 1,584 586,941 975,981 (20,068)  
Beginning balance, shares at Mar. 29, 2025   57,109,000        
Net income 182,091   177,222   4,869
Equity-based compensation 15,406   15,406      
Net common stock issued under equity-based compensation plans 885 $ 5 3,830 (2,950)    
Net common stock issued under equity-based compensation plans, shares   213,000        
Common stock repurchases (151,311) $ (56)   (151,255)    
Common stock repurchases, Shares   (2,028,000)        
Distributions to non-controlling interest (4,869)         (4,869)
Foreign currency translation adjustments 5,586       5,586  
Ending Balance at Dec. 27, 2025 1,592,226 $ 1,533 606,177 998,998 (14,482)  
Ending balance, shares at Dec. 27, 2025   55,294,000        
Beginning Balance at Sep. 27, 2025 1,581,260 $ 1,549 600,970 995,728 (16,987)  
Beginning balance, shares at Sep. 27, 2025   55,845,000        
Net income 56,004     54,336   1,668
Equity-based compensation 4,923   4,923      
Net common stock issued under equity-based compensation plans (322)   284 (606)    
Net common stock issued under equity-based compensation plans, shares   30,000        
Common stock repurchases (50,476) $ (16)   (50,460)    
Common stock repurchases, Shares   (581,000)        
Distributions to non-controlling interest (1,668)         $ (1,668)
Foreign currency translation adjustments 2,505       2,505  
Ending Balance at Dec. 27, 2025 $ 1,592,226 $ 1,533 $ 606,177 $ 998,998 $ (14,482)  
Ending balance, shares at Dec. 27, 2025   55,294,000        
v3.25.4
Pay vs Performance Disclosure - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Pay vs Performance Disclosure        
Net Income (Loss) $ 54,336 $ 61,537 $ 177,222 $ 162,065
v3.25.4
Insider Trading Arrangements
3 Months Ended
Dec. 27, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Basis of Presentation and Business
9 Months Ended
Dec. 27, 2025
Accounting Policies [Abstract]  
Basis of Presentation and Business

1. Basis of Presentation and Business

Nature of Operations: The operations of Champion Homes, Inc., formerly known as Skyline Champion Corporation (the “Company”), consist of manufacturing, retail, construction services, and transportation activities. At December 27, 2025, the Company operated 42 manufacturing facilities throughout the United States (“U.S.”) and 4 manufacturing facilities in western Canada that primarily construct factory-built, timber-framed manufactured and modular houses that are sold primarily to independent retailers, builders/developers, and manufactured home community operators. The Company’s retail operations consist of 83 sales centers that sell manufactured houses to consumers across the U.S. The Company's construction services business provides installation and set-up services of factory-built homes. The Company’s transportation business engages independent owners/drivers to transport recreational vehicles throughout the U.S. and Canada and manufactured houses in certain regions of the U.S.

Basis of Presentation: The accompanying unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for Quarterly Reports on Form 10-Q and Article 10 of SEC Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations.

The condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries after elimination of intercompany balances and transactions. In the opinion of management, these statements include all normal recurring adjustments necessary to fairly state the Company’s consolidated results of operations, cash flows, and financial position. The Company has evaluated subsequent events after the balance sheet date through the date of the filing of this report with the SEC. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, which was filed with the SEC on May 27, 2025 (the “Fiscal 2025 Annual Report”).

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the accompanying notes thereto. Actual results could differ from those estimates. The condensed consolidated income statements, condensed consolidated statements of comprehensive income, and condensed consolidated statements of cash flows for the interim periods are not necessarily indicative of the results of operations or cash flows for the full year.

The Company’s fiscal year is a 52- or 53-week period that ends on the Saturday nearest to March 31. The Company’s current fiscal year, “fiscal 2026,” will end on March 28, 2026 and will include 52 weeks. References to “fiscal 2025” refer to the Company’s fiscal year ended March 29, 2025. The three and nine months ended December 27, 2025 and December 28, 2024 each included 13 weeks and 39 weeks, respectively.

During the first half of fiscal 2026, the Company idled production at the Bartow, Florida manufacturing facility and ceased production and exited the lease of the manufacturing facility in Kelowna, British Columbia. The Company incurred plant closure costs of $6.5 million related to these activities for the nine months ended December 27, 2025.

The Company’s allowance for credit losses on financial assets measured at amortized cost reflects management’s estimate of credit losses over the remaining expected life of such assets, measured primarily using historical experience, as well as current economic conditions and forecasts that affect the collectability of the reported amount. Expected credit losses for newly recognized financial assets, as well as changes to expected credit losses during the period, are recognized in earnings. Accounts receivable are reflected net of reserves of $2.3 million and $1.3 million at December 27, 2025 and March 29, 2025, respectively.

Floor plan receivables consist primarily of amounts loaned by the Company through Triad Financial Services, Inc. ("Triad"), a related party, to certain independent retailers for purchases of homes manufactured by the Company, of which $39.3 million and $38.1 million was outstanding at December 27, 2025 and March 29, 2025, respectively. Floor plan receivables are carried net of payments received and recorded at amortized cost. The Company intends to hold the floor plan receivables until maturity or payoff. These loans are serviced by Triad, to which we pay a servicing fee. Upon execution of the financing arrangement, the floor plan loans are generally payable at the earlier of the sale of the underlying home or two years from the origination date. Floor plan receivables are included in other current assets and other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets.

The floor plan receivables are collateralized by the related homes, mitigating loss exposure. The Company and Triad evaluate the credit worthiness of each independent retailer prior to credit approval, including reviewing the independent retailer’s payment history, financial condition, and the overall economic environment. The Company evaluates the risk of credit loss in aggregate on existing loans with similar terms, based on historic experience and current economic conditions, as well as individual retailers with past due balances or other indications of heightened credit risk. The allowance for credit losses related to floor plan receivables was not material as of December 27, 2025 or March 29, 2025. Loans are considered past due if any required interest or curtailment payment remains unpaid 30 days after the due date. Receivables are placed on non-performing status if any interest or installment payments are past due over 90 days. Loans are placed on nonaccrual status when interest payments are past due over 90 days. At December 27, 2025, there were no floor plan receivables on nonaccrual status and the weighted-average age of the floor plan receivables was seven months.

Interest income from floor plan receivables is recognized on an accrual basis and is included in interest income in the accompanying Condensed Consolidated Income Statements. Interest income from floor plan receivables for each of the three months ended December 27, 2025 and December 28, 2024 was $0.7 million. Interest income from floor plan receivables for the nine months ended December 27, 2025 and December 28, 2024 was $2.2 million and $1.7 million, respectively.

Recently issued accounting pronouncements: In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The update will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). We are assessing the effect of this update on our consolidated financial statement disclosures.

In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses", which expands disclosures about a public entity's specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. The update will be effective for annual periods beginning after December 15, 2026 (fiscal 2028). We are assessing the effect of this update on our consolidated financial statement disclosures.

In September 2025, the FASB issued ASU 2025-06, "Targeted Improvements to the Accounting for Internal-Use Software", which amends certain aspects of the accounting for the recognition and disclosure of capitalized software costs under ASC 350-40. The update will be effective for annual periods beginning after December 15, 2027 (fiscal 2029). We are assessing the effect of this update on our consolidated financial statements.

v3.25.4
Business Combinations
9 Months Ended
Dec. 27, 2025
Business Combination [Abstract]  
Business Combinations

2. Business Combinations

Iseman Homes, Inc. Acquisition

On May 30, 2025, the Company acquired all of the outstanding equity interests in Iseman Homes, Inc. ("Iseman Homes") for total purchase consideration of $26.8 million, net of working capital adjustments. The purchase consideration consisted of net cash paid of $24.6 million, contingent consideration with an estimated fair value of $0.2 million, and remaining consideration payable of $2.0 million, payable twelve months after the closing date. The contingent consideration is related to an earnout provision in the event future performance metrics are achieved, with a maximum earnout amount of $1.5 million. The liabilities for the earnout and remaining consideration payable are recorded in other current liabilities in the accompanying Condensed Consolidated Balance Sheets. The Company accounted for the acquisition as a business combination under the acquisition method of accounting provided by FASB ASC 805, Business Combinations ("ASC 805"). As such, the purchase price was allocated to the net assets acquired, inclusive of intangible assets, with the excess fair value recorded to goodwill. The purchase price allocation is based upon preliminary valuation information available to determine the fair value of certain assets and liabilities, including goodwill, and is subject to change as additional information is obtained about the facts and circumstances that existed at the valuation date.

The following table presents the consideration transferred and the preliminary purchase price allocation:

 

Description

 

Amount

 

Fair value of consideration transferred

 

 

 

Cash consideration, net of cash acquired

 

$

24,636

 

Consideration payable

 

 

2,000

 

Estimated earn out consideration

 

 

210

 

Total consideration

 

$

26,846

 

Preliminary purchase price allocations:

 

 

 

Trade accounts receivable

 

$

470

 

Inventories

 

 

16,926

 

Other current assets

 

 

315

 

Property, plant, and equipment, net

 

 

9,560

 

Amortizable intangible assets, net

 

 

2,900

 

Accounts payable

 

 

(622

)

Other current liabilities

 

 

(8,346

)

Identifiable net assets acquired

 

 

21,203

 

Goodwill

 

 

5,643

 

Total purchase price

 

$

26,846

 

 

Trade accounts receivable, other assets, accounts payable and other liabilities are generally stated at historical carrying values as they approximate fair value. Retail inventories are reflected at manufacturer wholesale prices. Intangible assets include $2.9 million for a trade name based on an independent appraisal. The fair value of the trade name was determined using the relief-from-royalty method and was estimated to have a weighted average useful life of ten years from the acquisition date. Fair value estimates of property, plant, and equipment were based on independent appraisals, giving consideration to the highest and best use of the assets. Key assumptions used in the appraisals were drawn from a combination of market, cost, and sales comparison approaches, as appropriate. Level 3 fair value estimates of $9.6 million related to property, plant, and equipment and $2.9 million related to intangible assets were recorded in the accompanying Condensed Consolidated Balance Sheet as of the acquisition date. The goodwill is not expected to be deductible for income tax purposes. For further information on acquired assets measured at fair value, see Note 5, Goodwill, Intangible Assets and Cloud Computing Arrangements.

Management has determined that the pro forma impact of the acquisition of Iseman Homes on revenue and net income is not material to the consolidated financial statements and, accordingly, such information is not presented.

v3.25.4
Inventories, Net
9 Months Ended
Dec. 27, 2025
Inventory Disclosure [Abstract]  
Inventories, Net

3. Inventories, net

The components of inventory, net of reserves for obsolete inventory, were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Raw materials

 

$

107,123

 

 

$

110,755

 

Work in process

 

 

40,481

 

 

 

31,079

 

Finished goods and other

 

 

193,704

 

 

 

218,795

 

Total inventories, net

 

$

341,308

 

 

$

360,629

 

 

At December 27, 2025 and March 29, 2025, reserves for obsolete inventory were $11.3 million and $11.1 million, respectively.
v3.25.4
Property, Plant, and Equipment
9 Months Ended
Dec. 27, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment

4. Property, Plant, and Equipment

Property, plant, and equipment are stated at cost. Depreciation is calculated primarily on a straight-line basis, generally over the following estimated useful lives: land improvements – 3 to 10 years; buildings and improvements – 8 to 25 years; and vehicles and machinery and equipment – 3 to 8 years. Depreciation expense for the three months ended December 27, 2025 and December 28, 2024 was $9.3 million and $7.8 million, respectively. Depreciation expense for the nine months ended December 27, 2025 and December 28, 2024 was $27.0 million and $22.0 million, respectively.

The components of property, plant, and equipment were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Land and improvements

 

$

86,605

 

 

$

78,936

 

Buildings and improvements

 

 

206,792

 

 

 

197,491

 

Machinery and equipment

 

 

178,273

 

 

 

172,208

 

Construction in progress

 

 

19,170

 

 

 

14,457

 

Property, plant, and equipment, at cost

 

 

490,840

 

 

 

463,092

 

Less: accumulated depreciation

 

 

(179,135

)

 

 

(155,952

)

Property, plant, and equipment, net

 

$

311,705

 

 

$

307,140

 

v3.25.4
Goodwill, Intangible Assets, and Cloud Computing Arrangements
9 Months Ended
Dec. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Intangible Assets, and Cloud Computing Arrangements

5. Goodwill, Intangible Assets, and Cloud Computing Arrangements

Goodwill

Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At December 27, 2025 and March 29, 2025, the Company had goodwill of $363.6 million and $358.0 million, respectively. The change in goodwill balance is due to the acquisition of Iseman Homes. Goodwill is allocated to reporting units included in the U.S. Factory-built Housing segment, which include the Company’s U.S. manufacturing and retail operations. At December 27, 2025, there were no accumulated impairment losses related to goodwill.

Intangible Assets

The components of amortizable intangible assets were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

 

 

Customer
Relationships
& Other

 

 

Trade
Names

 

 

Total

 

 

Customer
Relationships
& Other

 

 

Trade
Names

 

 

Total

 

Gross carrying amount

 

$

82,861

 

 

$

49,272

 

 

$

132,133

 

 

$

82,634

 

 

$

46,284

 

 

$

128,918

 

Accumulated amortization

 

 

(52,627

)

 

 

(20,744

)

 

 

(73,371

)

 

 

(46,913

)

 

 

(17,293

)

 

 

(64,206

)

Amortizable intangibles, net

 

$

30,234

 

 

$

28,528

 

 

$

58,762

 

 

$

35,721

 

 

$

28,991

 

 

$

64,712

 

 

During the three months ended December 27, 2025 and December 28, 2024, amortization of intangible assets was $3.0 million and $2.9 million, respectively. During the nine months ended December 27, 2025 and December 28, 2024, amortization of intangible assets was $8.9 million and $8.8. million, respectively.

Cloud Computing Arrangements

The Company capitalizes costs associated with the development of cloud computing arrangements in a manner consistent with internally developed software. At December 27, 2025 and March 29, 2025, the Company had capitalized cloud computing costs, net of amortization of $20.4 million and $23.0 million, respectively. Cloud computing costs are included in other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. Amortization of capitalized cloud computing costs for each of the three months ended December 27, 2025 and December 28, 2024 was $1.0 million. Amortization of capitalized cloud computing costs for the nine months ended December 27, 2025 and December 28, 2024 was $3.0 million and $1.7 million, respectively.

v3.25.4
Investment in ECN Capital Corporation
9 Months Ended
Dec. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Investment in ECN Capital Corporation

6. Investment in ECN Capital Corporation

In September 2023, the Company entered into a share subscription agreement with ECN Capital Corp. ("ECN") and made a $137.8 million equity investment in ECN on a private placement basis. The Company purchased 33.6 million common shares, representing approximately 12% of the total outstanding common shares of ECN, and 27.5 million mandatory convertible preferred shares (the “Preferred Shares”). The Preferred Shares receive cumulative cash dividends at an annual rate of 4.0%. Following the private placement, the Company owns approximately 19.9% of the voting shares of ECN. On November 13, 2025, ECN entered into a definitive arrangement to be acquired by a private investor group for CAD $3.10 per share, plus all accrued but unpaid dividends. The agreement, which was approved by ECN shareholders in January 2026, is subject to court approval and other customary closing conditions and is expected to close in the first half of fiscal 2027.

In connection with the share subscription agreement, the Company and Triad, a subsidiary of ECN, formed Champion Financing LLC ("Champion Financing"), a captive finance company that is 51% owned by the Company and 49% owned by Triad. The results of Champion Financing are included in the consolidated results of the Company on a three-month lag. Triad's 49% ownership interest is reflected as non-controlling interest in the Condensed Consolidated Income Statements.

The Company's interest in the common stock investment in ECN is accounted for under the equity method and the Company’s share of the income or losses of ECN are recorded on a three-month lag. For the three months ended December 27, 2025 and December 28, 2024, the Company's share of ECN's net income was $1.2 million and $0.7 million, respectively. For the nine months ended December 27, 2025 and December 28, 2024, the Company's share of ECN's net income was $0.7 million and $0.1 million, respectively. Dividends received on the investment in common stock of ECN are reflected as a reduction to the investment balance and are presented on the Condensed Consolidated Statements of Cash Flows using the nature of the distribution approach. At December 27, 2025 and March 29, 2025, the investment in the common stock of ECN totaled $70.2 million and is included in other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. The aggregate value of the Company’s investment in the common stock of ECN based on the quoted market price of ECN’s common stock at December 27, 2025 was approximately $74.9 million. We assess our investment in ECN common stock for other than temporary impairment on a quarterly basis or when events or circumstances suggest that the carrying amount of the investment may be impaired.

The Company's investment in the Preferred Shares is included in other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. The investment is measured using the measurement alternative for equity investments without a readily determinable fair value. At December 27, 2025 and March 29, 2025, the investment in the Preferred Shares was $64.5 million. There have been no adjustments to the carrying amount or impairment of the investment. For each of the three and nine months ended December 27, 2025 and December 28, 2024, the Company reflected dividend income from the investment in the Preferred Shares of $1.2 million and $2.4 million, respectively, in other income on the accompanying Condensed Consolidated Income Statements.

Triad, a related party through its parent ECN, provides loan servicing for the Company's floor plan receivables. The Company pays Triad a fee for servicing loans which was not material for either of the three and nine months ended December 27, 2025 or December 28, 2024. Triad also provides floor plan financing of the Company's products to Company-owned and independent retailers. At December 27, 2025 and March 29, 2025, the Company had floor plan payables due to Triad of $15.2 million and $35.0 million, respectively. See Note 9, Debt and Floor Plan Payable for further detail regarding the Company's floor plan financing. At December 27, 2025, the Company had repurchase commitments of $102.0 million on independent retailer floor plan loans outstanding with Triad.
v3.25.4
Other Current Liabilities
9 Months Ended
Dec. 27, 2025
Other Liabilities Disclosure [Abstract]  
Other Current Liabilities

7. Other Current Liabilities

The components of other current liabilities were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Customer deposits

 

$

73,784

 

 

$

82,886

 

Accrued volume rebates

 

 

30,987

 

 

 

26,227

 

Accrued warranty obligations

 

 

38,419

 

 

 

40,523

 

Accrued compensation and payroll taxes

 

 

48,405

 

 

 

52,644

 

Accrued insurance

 

 

16,997

 

 

 

15,825

 

Accrued product liability - water intrusion

 

 

29,812

 

 

 

34,094

 

Other

 

 

30,343

 

 

 

27,882

 

Total other current liabilities

 

$

268,747

 

 

$

280,081

 

v3.25.4
Accrued Warranty Obligations
9 Months Ended
Dec. 27, 2025
Guarantees and Product Warranties [Abstract]  
Accrued Warranty Obligations

8. Accrued Warranty Obligations

Changes in the accrued warranty obligations were as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

(Dollars in thousands)

 

December 27, 2025

 

 

December 28, 2024

 

 

December 27, 2025

 

 

December 28, 2024

 

Balance at beginning of period

 

$

51,748

 

 

$

55,688

 

 

$

53,155

 

 

$

50,869

 

Warranty expense

 

 

15,794

 

 

 

16,762

 

 

 

52,234

 

 

 

53,581

 

Cash warranty payments

 

 

(16,491

)

 

 

(16,311

)

 

 

(54,338

)

 

 

(48,311

)

Balance at end of period

 

 

51,051

 

 

 

56,139

 

 

 

51,051

 

 

 

56,139

 

Less: noncurrent portion in other long-term liabilities

 

 

(12,632

)

 

 

(11,693

)

 

 

(12,632

)

 

 

(11,693

)

Total current portion

 

$

38,419

 

 

$

44,446

 

 

$

38,419

 

 

$

44,446

 

v3.25.4
Debt and Floor Plan Payable
9 Months Ended
Dec. 27, 2025
Debt Disclosure [Abstract]  
Debt and Floor Plan Payable

9. Debt and Floor Plan Payable

Long-term debt consisted of the following:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Obligations under industrial revenue bonds due 2029

 

$

12,430

 

 

$

12,430

 

Notes payable to Romeo Juliet, LLC, due 2026

 

 

5,314

 

 

 

5,314

 

Notes payable to Romeo Juliet, LLC, due 2039

 

 

2,036

 

 

 

2,036

 

Note payable to United Bank, due 2026

 

 

4,036

 

 

 

4,993

 

Total long-term debt

 

$

23,816

 

 

$

24,773

 

 

On July 28, 2025, the Company entered into a Second Amended and Restated Credit Agreement with a syndicate of banks that provides for a revolving credit facility of up to $200.0 million, including a $45.0 million letter of credit sub-facility ("Second Amended Credit Agreement"). The Second Amended Credit Agreement replaced the Company's previously existing Amended and Restated Credit Agreement dated July 7, 2021 (as amended by Amendment No.1 to Amended and Restated Credit Agreement, dated as of May 18, 2023). The Second Amended Credit Agreement allows the Company to draw down, repay and re-draw loans on the available funds during the term, subject to certain terms and conditions, matures in July 2030, and has no scheduled amortization.

The interest rate on borrowings under the Amended Credit Agreement is based on the Secured Overnight Financing Rate ("SOFR") or an Alternative Base Rate ("ABR") plus an interest rate spread. The interest rate spread adjusts based on the consolidated total net leverage of the Company. The interest rate ranges from a high of SOFR plus 1.875% or the ABR plus 0.875% (when the consolidated total net leverage ratio is equal to or greater than 2.25 to 1.00), to a low of SOFR plus 1.125% or the ABR plus 0.125% (when the consolidated total net leverage ratio is less than 0.50 to 1.00). At December 27, 2025, the interest rate under the Second Amended Credit Agreement was 4.85% and letters of credit issued under the Amended Credit Agreement totaled $27.5 million. Available borrowing capacity under the Second Amended Credit Agreement as of December 27, 2025 was $172.5 million.

The Second Amended Credit Agreement contains covenants that restrict the amount of additional debt, liens and certain payments, including equity buy-backs, investments, dispositions, mergers and consolidations, among other restrictions as defined. The Company was in compliance with all covenants of the Amended Credit Agreement as of December 27, 2025.

Obligations under industrial revenue bonds are supported by letters of credit and bear interest based on a municipal bond index rate. The weighted-average interest rate at December 27, 2025, including related costs and fees, was 4.48%. The industrial revenue bonds require lump-sum payments of principal upon maturity in 2029 and are secured by the assets of certain manufacturing facilities.

The Company has notes payable to Romeo Juliet, LLC, a subsidiary of Wells Fargo Community Investment Holdings, Inc. ("WFC"). The weighted-average interest rate on those notes at December 27, 2025 was 5.42%. The notes are secured by certain assets of the Company. In addition, the Company has a note payable to United Bank with an interest rate of 3.85% that is secured by a note receivable from HHB Investment Fund, LLC, a subsidiary of WFC.

Floor Plan Payables

The Company’s retail operations utilize floor plan financing to fund the purchase of manufactured homes for display or resale. At December 27, 2025 and March 29, 2025, the Company had outstanding borrowings on floor plan financing agreements of $95.3 million and $106.1 million, respectively. Total credit line capacity provided under the agreements was $308.0 million as of December 27, 2025. The weighted average interest rate on floor plan payables was 6.50% at December 27, 2025. Borrowings are secured by the homes and are required to be repaid when the Company sells the related home to a customer.

v3.25.4
Revenue Recognition
9 Months Ended
Dec. 27, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

10. Revenue Recognition

The following tables disaggregate the Company’s revenue by sales category:

 

 

 

Three months ended December 27, 2025

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

Manufacturing

 

$

369,686

 

 

$

25,790

 

 

$

 

 

$

395,476

 

Retail

 

 

252,678

 

 

 

 

 

 

 

 

 

252,678

 

Transportation/Other

 

 

 

 

 

 

 

 

8,460

 

 

 

8,460

 

Total

 

$

622,364

 

 

$

25,790

 

 

$

8,460

 

 

$

656,614

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended December 27, 2025

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

Manufacturing

 

$

1,188,174

 

 

$

82,028

 

 

$

 

 

$

1,270,202

 

Retail

 

 

745,177

 

 

 

 

 

 

 

 

 

745,177

 

Transportation/Other

 

 

 

 

 

 

 

 

26,982

 

 

 

26,982

 

Total

 

$

1,933,351

 

 

$

82,028

 

 

$

26,982

 

 

$

2,042,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended December 28, 2024

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

Manufacturing

 

$

386,398

 

 

$

25,692

 

 

$

 

 

$

412,090

 

Retail

 

 

224,359

 

 

 

 

 

 

 

 

 

224,359

 

Transportation

 

 

 

 

 

 

 

 

8,476

 

 

 

8,476

 

Total

 

$

610,757

 

 

$

25,692

 

 

$

8,476

 

 

$

644,925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended December 28, 2024

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

1,145,198

 

 

$

68,725

 

 

$

 

 

$

1,213,923

 

Retail

 

 

652,219

 

 

 

 

 

 

 

 

 

652,219

 

Transportation

 

 

 

 

 

 

 

 

23,439

 

 

 

23,439

 

Total

 

$

1,797,417

 

 

$

68,725

 

 

$

23,439

 

 

$

1,889,581

 

v3.25.4
Income Taxes
9 Months Ended
Dec. 27, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

11. Income Taxes

For the three months ended December 27, 2025 and December 28, 2024, the Company recorded $12.4 million and $16.7 million of income tax expense and had an effective tax rate of 18.3% and 21.1%, respectively. For the nine months ended December 27, 2025 and December 28, 2024, the Company recorded $48.6 million and $45.8 million of income tax expense and had an effective tax rate of 21.1% and 21.7% respectively.

The Company’s effective tax rate for the three and nine months ended December 27, 2025 and December 28, 2024, differs from the federal statutory income tax rate of 21.0% due primarily to the effect of state and local income taxes, non-deductible expenses, tax credits, and results in foreign jurisdictions.

The One Big Beautiful Bill Act ("OBBBA") was signed into law on July 4, 2025, which is considered the enactment date under U.S. GAAP. OBBBA changed many aspects of U.S. corporate income taxation including accelerated bonus depreciation, research and experimentation expense deduction, and terminating the energy efficient home tax credit. OBBBA contains multiple effective dates and only certain aspects will have a financial reporting implication for the fiscal year ending March 28, 2026. The Company has reflected the current fiscal year to date effects of OBBBA as a change to income taxes payable with an offset to deferred tax assets in the accompanying Condensed Consolidated Balance Sheet.

At December 27, 2025, the Company had no unrecognized tax benefits.

v3.25.4
Earnings Per Share
9 Months Ended
Dec. 27, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

12. Earnings Per Share

Basic net income per share attributable to the Company was computed by dividing net income attributable to the Company by the average number of common shares outstanding during the period. Diluted earnings per share is calculated using our weighted-average outstanding common shares, including the dilutive effect of stock awards as determined under the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three months ended

 

Nine months ended

 

(Dollars and shares in thousands, except per share data)

 

December 27, 2025

 

 

December 28, 2024

 

 

December 27, 2025

 

 

December 28, 2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Champion Homes, Inc.

 

$

54,336

 

 

$

61,537

 

 

$

177,222

 

 

$

162,065

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

55,920

 

 

 

57,407

 

 

 

56,459

 

 

 

57,640

 

Dilutive securities

 

 

357

 

 

 

614

 

 

 

339

 

 

 

537

 

Diluted weighted-average shares outstanding

 

 

56,277

 

 

 

58,021

 

 

 

56,798

 

 

 

58,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.97

 

 

$

1.07

 

 

$

3.14

 

 

$

2.81

 

Diluted net income per share

 

$

0.97

 

 

$

1.06

 

 

$

3.12

 

 

$

2.79

 

v3.25.4
Segment Information
9 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]  
Segment Information

13. Segment Information

Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker, the Chief Executive Officer, evaluates the performance of the Company’s segments primarily based on net sales, before elimination of inter-company shipments, earnings before interest, taxes, depreciation, and amortization (“EBITDA”) and operating assets.

The Company operates in two reportable segments: (i) U.S. Factory-built Housing, which includes manufacturing and retail housing operations and (ii) Canadian Factory-built Housing. Corporate/Other includes the Company’s transportation operations, the Company's financing activities, corporate costs directly incurred for all segments and intersegment eliminations. Segments are generally determined by geography. Segment data includes intersegment revenues and corporate office costs that are directly and exclusively incurred for each segment. Total assets for Corporate/Other primarily include cash and certain U.S. deferred tax items not specifically allocated to another segment.

Beginning in fiscal 2025, the Company adopted ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures". Selected financial information by reportable segment was as follows:

 

 

 

Three months ended December 27, 2025

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

622,364

 

 

$

25,790

 

 

$

8,460

 

 

$

656,614

 

Cost of sales(1)

 

 

(457,549

)

 

 

(18,213

)

 

 

(1,259

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(78,084

)

 

 

(2,726

)

 

 

(24,052

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

466

 

 

 

 

Segment EBITDA

 

$

86,731

 

 

$

4,851

 

 

$

(16,385

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

86,731

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

4,851

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(16,385

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(12,265

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

3,779

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

(913

)

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,668

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

67,466

 

Depreciation

 

$

8,407

 

 

$

749

 

 

$

156

 

 

$

9,312

 

Amortization

 

$

2,953

 

 

$

 

 

$

 

 

$

2,953

 

Expenditure for segment assets

 

$

6,706

 

 

$

346

 

 

$

45

 

 

$

7,097

 

Segment assets(4)

 

$

1,252,251

 

 

$

152,424

 

 

$

709,640

 

 

$

2,114,315

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Nine months ended December 27, 2025

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

1,933,351

 

 

$

82,028

 

 

$

26,982

 

 

$

2,042,361

 

Cost of sales(1)

 

 

(1,407,646

)

 

 

(57,882

)

 

 

(4,909

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(239,956

)

 

 

(13,547

)

 

 

(66,794

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

(2,304

)

 

 

 

Segment EBITDA

 

$

285,749

 

 

$

10,599

 

 

$

(47,025

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

285,749

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

10,599

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(47,025

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(35,825

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

12,349

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

(203

)

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

4,869

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

230,513

 

Depreciation

 

$

24,819

 

 

$

1,678

 

 

$

478

 

 

$

26,975

 

Amortization

 

$

8,850

 

 

$

 

 

$

 

 

$

8,850

 

Expenditure for segment assets

 

$

23,141

 

 

$

839

 

 

$

934

 

 

$

24,914

 

Segment assets(4)

 

$

1,252,251

 

 

$

152,424

 

 

$

709,640

 

 

$

2,114,315

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Three months ended December 28, 2024

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

610,757

 

 

$

25,692

 

 

$

8,476

 

 

$

644,925

 

Cost of sales(1)

 

 

(437,039

)

 

 

(18,482

)

 

 

(1,742

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(76,269

)

 

 

(2,637

)

 

 

(25,275

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

1,436

 

 

 

 

Segment EBITDA

 

$

97,449

 

 

$

4,573

 

 

$

(17,105

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

97,449

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

4,573

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(17,105

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(10,673

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

3,991

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

(568

)

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,290

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

78,957

 

Depreciation

 

$

7,172

 

 

$

462

 

 

$

150

 

 

$

7,784

 

Amortization

 

$

2,889

 

 

$

 

 

$

 

 

$

2,889

 

Expenditure for segment assets

 

$

12,124

 

 

$

213

 

 

$

1,344

 

 

$

13,681

 

Segment assets(4)

 

$

1,235,694

 

 

$

131,779

 

 

$

669,996

 

 

$

2,037,469

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliate and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Nine months ended December 28, 2024

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

1,797,417

 

 

$

68,725

 

 

$

23,439

 

 

$

1,889,581

 

Cost of sales(1)

 

 

(1,301,549

)

 

 

(50,501

)

 

 

(7,006

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(230,950

)

 

 

(7,793

)

 

 

(69,044

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

2,955

 

 

 

 

Segment EBITDA

 

$

264,918

 

 

$

10,431

 

 

$

(49,656

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

264,918

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

10,431

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(49,656

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(30,796

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

12,977

 

Equity in net income of affiliate

 

 

 

 

 

 

 

 

 

 

 

1,466

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,874

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

211,214

 

Depreciation

 

$

20,220

 

 

$

1,347

 

 

$

462

 

 

$

22,029

 

Amortization

 

$

8,767

 

 

$

 

 

$

 

 

$

8,767

 

Expenditure for segment assets

 

$

34,116

 

 

$

1,087

 

 

$

2,768

 

 

$

37,971

 

Segment assets(4)

 

$

1,235,694

 

 

$

131,779

 

 

$

669,996

 

 

$

2,037,469

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
v3.25.4
Commitments, Contingencies and Legal Proceedings
9 Months Ended
Dec. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments, Contingencies and Legal Proceedings

14. Commitments, Contingencies, and Legal Proceedings

Repurchase Contingencies and Guarantees

The Company is contingently liable under terms of repurchase agreements with lending institutions that provide wholesale floor plan financing to retailers. These arrangements, which are customary in the manufactured housing industry, provide for the repurchase of products sold to retailers in the event of default by the retailer on its agreement to pay the financial institution. The risk of loss from these agreements is significantly reduced by the potential resale value of any products that are subject to repurchase and is spread over numerous retailers. The repurchase price is generally determined by the original sales price of the product less contractually defined curtailment payments. Based on these repurchase agreements and our historical loss experience, we established an associated loss reserve which was $1.7 million at December 27, 2025 and $1.6 million at March 29, 2025, respectively. Excluding the resale value of the homes, the contingent repurchase obligation as of December 27, 2025 was estimated to be $229.3 million. Losses incurred on homes repurchased were immaterial during the three and nine months ended December 27, 2025 and December 28, 2024.

At December 27, 2025, the Company was contingently obligated for $27.5 million under letters of credit, consisting of $12.7 million to support long-term debt, $14.5 million to support the casualty insurance program, and $0.3 million to support bonding agreements. The letters of credit are issued from a sub-facility of the Amended Credit Agreement. The Company was also contingently obligated for $18.6 million under surety bonds, generally to support performance on long-term construction contracts and license and service bonding requirements.

In the normal course of business, the Company’s former subsidiaries that operated in the United Kingdom historically provided certain guarantees to two customers. Those guarantees provide contractual liability for proven construction defects up to 12 years from the date of delivery of certain products. The guarantees remain a contingent liability of the Company which declines over time through October 2027. As of the date of this report, the Company expects few, if any, claims to be reported under the terms of the guarantees.

Product Liability - Water Intrusion

The Company has received consumer complaints for damages related to water intrusion in homes built in one of its manufacturing facilities prior to fiscal 2022. The Company has investigated, and believes, the cause of the damage is the result of materials that did not perform in accordance with the manufacturer's contractual obligations. The Company has identified that certain homes constructed over that period may be affected. Based on the results of ongoing investigation and repair efforts, the Company has developed and HUD has approved a remediation plan under Subpart I of the HUD code. The plan calls for inspection and repair of affected homes if there is evidence of damage, or procedures to mitigate the opportunity for future damage. The Company recorded charges to execute the remediation plan of $34.5 million during the fourth quarter of fiscal 2024. The Company estimated the charges by establishing a range of total expected costs determined by an actuary using a Monte Carlo simulation. The analysis, which was completed at the end of the fourth quarter of fiscal 2024, resulted in a range of losses between $34.5 million and $85.0 million. The Company was not able to determine a value in the range that was more likely than any other value, and as prescribed by U.S. GAAP, recorded the charge for remediation based on the low end of the range of potential losses. The Company reassessed the total expected costs in the fourth quarter of fiscal 2025 which resulted in no change to the low end of the range of potential losses and reduction in the high end of the range of potential losses to $77.5 million. The Company is monitoring the results of the inspection and repair activities, and may revise the amount of the estimated liability, which could result in an increase or decrease in the estimated liability in future periods. At December 27, 2025 and March 29, 2025, the liability, net of remediation costs incurred to date, was $29.8 million and $34.1 million, respectively, and is included in other current liabilities in the accompanying Condensed Consolidated Balance Sheets.

In January 2026, the Company entered into an agreement with the distributor of the roofing material to share certain costs of the remediation. As a result, the Company will receive $3.5 million in the fourth quarter of fiscal 2026 and $2.5 million of future purchase credits to be recognized over the subsequent two year period, which will be reflected as a reduction to cost of goods sold as purchase credits are applied. Additionally, the distributor will reimburse the Company for a portion of future remediation costs which will be both in the form of cash and purchase credits which will be reflected as a reduction to cost of goods sold when those purchase credits are applied.

Legal Proceedings

The Company has agreed to indemnify counterparties in the ordinary course of its business in agreements to acquire and sell business assets and in financing arrangements. The Company is subject to various legal proceedings and claims that arise in the ordinary course of its business. As of the date of this filing, the Company believes the ultimate liability with respect to these contingent obligations will not have, either individually or in the aggregate, a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

v3.25.4
Basis of Presentation and Business (Policies)
9 Months Ended
Dec. 27, 2025
Accounting Policies [Abstract]  
Nature of Operations

Nature of Operations: The operations of Champion Homes, Inc., formerly known as Skyline Champion Corporation (the “Company”), consist of manufacturing, retail, construction services, and transportation activities. At December 27, 2025, the Company operated 42 manufacturing facilities throughout the United States (“U.S.”) and 4 manufacturing facilities in western Canada that primarily construct factory-built, timber-framed manufactured and modular houses that are sold primarily to independent retailers, builders/developers, and manufactured home community operators. The Company’s retail operations consist of 83 sales centers that sell manufactured houses to consumers across the U.S. The Company's construction services business provides installation and set-up services of factory-built homes. The Company’s transportation business engages independent owners/drivers to transport recreational vehicles throughout the U.S. and Canada and manufactured houses in certain regions of the U.S.

Basis of Presentation

Basis of Presentation: The accompanying unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for Quarterly Reports on Form 10-Q and Article 10 of SEC Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations.

The condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries after elimination of intercompany balances and transactions. In the opinion of management, these statements include all normal recurring adjustments necessary to fairly state the Company’s consolidated results of operations, cash flows, and financial position. The Company has evaluated subsequent events after the balance sheet date through the date of the filing of this report with the SEC. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, which was filed with the SEC on May 27, 2025 (the “Fiscal 2025 Annual Report”).

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the accompanying notes thereto. Actual results could differ from those estimates. The condensed consolidated income statements, condensed consolidated statements of comprehensive income, and condensed consolidated statements of cash flows for the interim periods are not necessarily indicative of the results of operations or cash flows for the full year.

The Company’s fiscal year is a 52- or 53-week period that ends on the Saturday nearest to March 31. The Company’s current fiscal year, “fiscal 2026,” will end on March 28, 2026 and will include 52 weeks. References to “fiscal 2025” refer to the Company’s fiscal year ended March 29, 2025. The three and nine months ended December 27, 2025 and December 28, 2024 each included 13 weeks and 39 weeks, respectively.

During the first half of fiscal 2026, the Company idled production at the Bartow, Florida manufacturing facility and ceased production and exited the lease of the manufacturing facility in Kelowna, British Columbia. The Company incurred plant closure costs of $6.5 million related to these activities for the nine months ended December 27, 2025.

The Company’s allowance for credit losses on financial assets measured at amortized cost reflects management’s estimate of credit losses over the remaining expected life of such assets, measured primarily using historical experience, as well as current economic conditions and forecasts that affect the collectability of the reported amount. Expected credit losses for newly recognized financial assets, as well as changes to expected credit losses during the period, are recognized in earnings. Accounts receivable are reflected net of reserves of $2.3 million and $1.3 million at December 27, 2025 and March 29, 2025, respectively.

Floor plan receivables consist primarily of amounts loaned by the Company through Triad Financial Services, Inc. ("Triad"), a related party, to certain independent retailers for purchases of homes manufactured by the Company, of which $39.3 million and $38.1 million was outstanding at December 27, 2025 and March 29, 2025, respectively. Floor plan receivables are carried net of payments received and recorded at amortized cost. The Company intends to hold the floor plan receivables until maturity or payoff. These loans are serviced by Triad, to which we pay a servicing fee. Upon execution of the financing arrangement, the floor plan loans are generally payable at the earlier of the sale of the underlying home or two years from the origination date. Floor plan receivables are included in other current assets and other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets.

The floor plan receivables are collateralized by the related homes, mitigating loss exposure. The Company and Triad evaluate the credit worthiness of each independent retailer prior to credit approval, including reviewing the independent retailer’s payment history, financial condition, and the overall economic environment. The Company evaluates the risk of credit loss in aggregate on existing loans with similar terms, based on historic experience and current economic conditions, as well as individual retailers with past due balances or other indications of heightened credit risk. The allowance for credit losses related to floor plan receivables was not material as of December 27, 2025 or March 29, 2025. Loans are considered past due if any required interest or curtailment payment remains unpaid 30 days after the due date. Receivables are placed on non-performing status if any interest or installment payments are past due over 90 days. Loans are placed on nonaccrual status when interest payments are past due over 90 days. At December 27, 2025, there were no floor plan receivables on nonaccrual status and the weighted-average age of the floor plan receivables was seven months.

Interest income from floor plan receivables is recognized on an accrual basis and is included in interest income in the accompanying Condensed Consolidated Income Statements. Interest income from floor plan receivables for each of the three months ended December 27, 2025 and December 28, 2024 was $0.7 million. Interest income from floor plan receivables for the nine months ended December 27, 2025 and December 28, 2024 was $2.2 million and $1.7 million, respectively.

Recently issued accounting pronouncements

Recently issued accounting pronouncements: In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The update will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). We are assessing the effect of this update on our consolidated financial statement disclosures.

In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses", which expands disclosures about a public entity's specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. The update will be effective for annual periods beginning after December 15, 2026 (fiscal 2028). We are assessing the effect of this update on our consolidated financial statement disclosures.

In September 2025, the FASB issued ASU 2025-06, "Targeted Improvements to the Accounting for Internal-Use Software", which amends certain aspects of the accounting for the recognition and disclosure of capitalized software costs under ASC 350-40. The update will be effective for annual periods beginning after December 15, 2027 (fiscal 2029). We are assessing the effect of this update on our consolidated financial statements.

v3.25.4
Business Combinations (Tables)
9 Months Ended
Dec. 27, 2025
Business Combination [Abstract]  
Schedule of Consideration Transferred and Preliminary Purchase Price Allocation on Assets and Liabilities

The following table presents the consideration transferred and the preliminary purchase price allocation:

 

Description

 

Amount

 

Fair value of consideration transferred

 

 

 

Cash consideration, net of cash acquired

 

$

24,636

 

Consideration payable

 

 

2,000

 

Estimated earn out consideration

 

 

210

 

Total consideration

 

$

26,846

 

Preliminary purchase price allocations:

 

 

 

Trade accounts receivable

 

$

470

 

Inventories

 

 

16,926

 

Other current assets

 

 

315

 

Property, plant, and equipment, net

 

 

9,560

 

Amortizable intangible assets, net

 

 

2,900

 

Accounts payable

 

 

(622

)

Other current liabilities

 

 

(8,346

)

Identifiable net assets acquired

 

 

21,203

 

Goodwill

 

 

5,643

 

Total purchase price

 

$

26,846

 

v3.25.4
Inventories, Net (Tables)
9 Months Ended
Dec. 27, 2025
Inventory Disclosure [Abstract]  
Summary of Components of Inventory, Net of Reserves for Obsolete Inventory

The components of inventory, net of reserves for obsolete inventory, were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Raw materials

 

$

107,123

 

 

$

110,755

 

Work in process

 

 

40,481

 

 

 

31,079

 

Finished goods and other

 

 

193,704

 

 

 

218,795

 

Total inventories, net

 

$

341,308

 

 

$

360,629

 

v3.25.4
Property, Plant, and Equipment (Tables)
9 Months Ended
Dec. 27, 2025
Property, Plant and Equipment [Abstract]  
Summary of Components of Property, Plant, and Equipment

The components of property, plant, and equipment were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Land and improvements

 

$

86,605

 

 

$

78,936

 

Buildings and improvements

 

 

206,792

 

 

 

197,491

 

Machinery and equipment

 

 

178,273

 

 

 

172,208

 

Construction in progress

 

 

19,170

 

 

 

14,457

 

Property, plant, and equipment, at cost

 

 

490,840

 

 

 

463,092

 

Less: accumulated depreciation

 

 

(179,135

)

 

 

(155,952

)

Property, plant, and equipment, net

 

$

311,705

 

 

$

307,140

 

v3.25.4
Goodwill, Intangible Assets, and Cloud Computing Arrangements (Tables)
9 Months Ended
Dec. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Amortizable Intangible Assets

The components of amortizable intangible assets were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

 

 

Customer
Relationships
& Other

 

 

Trade
Names

 

 

Total

 

 

Customer
Relationships
& Other

 

 

Trade
Names

 

 

Total

 

Gross carrying amount

 

$

82,861

 

 

$

49,272

 

 

$

132,133

 

 

$

82,634

 

 

$

46,284

 

 

$

128,918

 

Accumulated amortization

 

 

(52,627

)

 

 

(20,744

)

 

 

(73,371

)

 

 

(46,913

)

 

 

(17,293

)

 

 

(64,206

)

Amortizable intangibles, net

 

$

30,234

 

 

$

28,528

 

 

$

58,762

 

 

$

35,721

 

 

$

28,991

 

 

$

64,712

 

v3.25.4
Other Current Liabilities (Tables)
9 Months Ended
Dec. 27, 2025
Other Liabilities Disclosure [Abstract]  
Components of Other Current Liabilities

The components of other current liabilities were as follows:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Customer deposits

 

$

73,784

 

 

$

82,886

 

Accrued volume rebates

 

 

30,987

 

 

 

26,227

 

Accrued warranty obligations

 

 

38,419

 

 

 

40,523

 

Accrued compensation and payroll taxes

 

 

48,405

 

 

 

52,644

 

Accrued insurance

 

 

16,997

 

 

 

15,825

 

Accrued product liability - water intrusion

 

 

29,812

 

 

 

34,094

 

Other

 

 

30,343

 

 

 

27,882

 

Total other current liabilities

 

$

268,747

 

 

$

280,081

 

v3.25.4
Accrued Warranty Obligations (Tables)
9 Months Ended
Dec. 27, 2025
Guarantees and Product Warranties [Abstract]  
Summary of Changes in Accrued Warranty Obligations

Changes in the accrued warranty obligations were as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

(Dollars in thousands)

 

December 27, 2025

 

 

December 28, 2024

 

 

December 27, 2025

 

 

December 28, 2024

 

Balance at beginning of period

 

$

51,748

 

 

$

55,688

 

 

$

53,155

 

 

$

50,869

 

Warranty expense

 

 

15,794

 

 

 

16,762

 

 

 

52,234

 

 

 

53,581

 

Cash warranty payments

 

 

(16,491

)

 

 

(16,311

)

 

 

(54,338

)

 

 

(48,311

)

Balance at end of period

 

 

51,051

 

 

 

56,139

 

 

 

51,051

 

 

 

56,139

 

Less: noncurrent portion in other long-term liabilities

 

 

(12,632

)

 

 

(11,693

)

 

 

(12,632

)

 

 

(11,693

)

Total current portion

 

$

38,419

 

 

$

44,446

 

 

$

38,419

 

 

$

44,446

 

v3.25.4
Debt and Floor Plan Payable (Tables)
9 Months Ended
Dec. 27, 2025
Debt Disclosure [Abstract]  
Summary of Long Term Debt

Long-term debt consisted of the following:

 

(Dollars in thousands)

 

December 27, 2025

 

 

March 29, 2025

 

Obligations under industrial revenue bonds due 2029

 

$

12,430

 

 

$

12,430

 

Notes payable to Romeo Juliet, LLC, due 2026

 

 

5,314

 

 

 

5,314

 

Notes payable to Romeo Juliet, LLC, due 2039

 

 

2,036

 

 

 

2,036

 

Note payable to United Bank, due 2026

 

 

4,036

 

 

 

4,993

 

Total long-term debt

 

$

23,816

 

 

$

24,773

 

v3.25.4
Revenue Recognition (Tables)
9 Months Ended
Dec. 27, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Corporate Net Sales

The following tables disaggregate the Company’s revenue by sales category:

 

 

 

Three months ended December 27, 2025

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

Manufacturing

 

$

369,686

 

 

$

25,790

 

 

$

 

 

$

395,476

 

Retail

 

 

252,678

 

 

 

 

 

 

 

 

 

252,678

 

Transportation/Other

 

 

 

 

 

 

 

 

8,460

 

 

 

8,460

 

Total

 

$

622,364

 

 

$

25,790

 

 

$

8,460

 

 

$

656,614

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended December 27, 2025

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

Manufacturing

 

$

1,188,174

 

 

$

82,028

 

 

$

 

 

$

1,270,202

 

Retail

 

 

745,177

 

 

 

 

 

 

 

 

 

745,177

 

Transportation/Other

 

 

 

 

 

 

 

 

26,982

 

 

 

26,982

 

Total

 

$

1,933,351

 

 

$

82,028

 

 

$

26,982

 

 

$

2,042,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended December 28, 2024

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

Manufacturing

 

$

386,398

 

 

$

25,692

 

 

$

 

 

$

412,090

 

Retail

 

 

224,359

 

 

 

 

 

 

 

 

 

224,359

 

Transportation

 

 

 

 

 

 

 

 

8,476

 

 

 

8,476

 

Total

 

$

610,757

 

 

$

25,692

 

 

$

8,476

 

 

$

644,925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended December 28, 2024

 

(Dollars in thousands)

 

U.S.
Factory-Built
Housing

 

 

Canadian
Factory-Built
Housing

 

 

Corporate/
Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

1,145,198

 

 

$

68,725

 

 

$

 

 

$

1,213,923

 

Retail

 

 

652,219

 

 

 

 

 

 

 

 

 

652,219

 

Transportation

 

 

 

 

 

 

 

 

23,439

 

 

 

23,439

 

Total

 

$

1,797,417

 

 

$

68,725

 

 

$

23,439

 

 

$

1,889,581

 

v3.25.4
Earnings Per Share (Tables)
9 Months Ended
Dec. 27, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three months ended

 

Nine months ended

 

(Dollars and shares in thousands, except per share data)

 

December 27, 2025

 

 

December 28, 2024

 

 

December 27, 2025

 

 

December 28, 2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Champion Homes, Inc.

 

$

54,336

 

 

$

61,537

 

 

$

177,222

 

 

$

162,065

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

55,920

 

 

 

57,407

 

 

 

56,459

 

 

 

57,640

 

Dilutive securities

 

 

357

 

 

 

614

 

 

 

339

 

 

 

537

 

Diluted weighted-average shares outstanding

 

 

56,277

 

 

 

58,021

 

 

 

56,798

 

 

 

58,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.97

 

 

$

1.07

 

 

$

3.14

 

 

$

2.81

 

Diluted net income per share

 

$

0.97

 

 

$

1.06

 

 

$

3.12

 

 

$

2.79

 

v3.25.4
Segment Information (Tables)
9 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments Selected financial information by reportable segment was as follows:

 

 

 

Three months ended December 27, 2025

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

622,364

 

 

$

25,790

 

 

$

8,460

 

 

$

656,614

 

Cost of sales(1)

 

 

(457,549

)

 

 

(18,213

)

 

 

(1,259

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(78,084

)

 

 

(2,726

)

 

 

(24,052

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

466

 

 

 

 

Segment EBITDA

 

$

86,731

 

 

$

4,851

 

 

$

(16,385

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

86,731

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

4,851

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(16,385

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(12,265

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

3,779

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

(913

)

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,668

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

67,466

 

Depreciation

 

$

8,407

 

 

$

749

 

 

$

156

 

 

$

9,312

 

Amortization

 

$

2,953

 

 

$

 

 

$

 

 

$

2,953

 

Expenditure for segment assets

 

$

6,706

 

 

$

346

 

 

$

45

 

 

$

7,097

 

Segment assets(4)

 

$

1,252,251

 

 

$

152,424

 

 

$

709,640

 

 

$

2,114,315

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Nine months ended December 27, 2025

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

1,933,351

 

 

$

82,028

 

 

$

26,982

 

 

$

2,042,361

 

Cost of sales(1)

 

 

(1,407,646

)

 

 

(57,882

)

 

 

(4,909

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(239,956

)

 

 

(13,547

)

 

 

(66,794

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

(2,304

)

 

 

 

Segment EBITDA

 

$

285,749

 

 

$

10,599

 

 

$

(47,025

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

285,749

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

10,599

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(47,025

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(35,825

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

12,349

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

(203

)

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

4,869

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

230,513

 

Depreciation

 

$

24,819

 

 

$

1,678

 

 

$

478

 

 

$

26,975

 

Amortization

 

$

8,850

 

 

$

 

 

$

 

 

$

8,850

 

Expenditure for segment assets

 

$

23,141

 

 

$

839

 

 

$

934

 

 

$

24,914

 

Segment assets(4)

 

$

1,252,251

 

 

$

152,424

 

 

$

709,640

 

 

$

2,114,315

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Three months ended December 28, 2024

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

610,757

 

 

$

25,692

 

 

$

8,476

 

 

$

644,925

 

Cost of sales(1)

 

 

(437,039

)

 

 

(18,482

)

 

 

(1,742

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(76,269

)

 

 

(2,637

)

 

 

(25,275

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

1,436

 

 

 

 

Segment EBITDA

 

$

97,449

 

 

$

4,573

 

 

$

(17,105

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

97,449

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

4,573

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(17,105

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(10,673

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

3,991

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

(568

)

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,290

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

78,957

 

Depreciation

 

$

7,172

 

 

$

462

 

 

$

150

 

 

$

7,784

 

Amortization

 

$

2,889

 

 

$

 

 

$

 

 

$

2,889

 

Expenditure for segment assets

 

$

12,124

 

 

$

213

 

 

$

1,344

 

 

$

13,681

 

Segment assets(4)

 

$

1,235,694

 

 

$

131,779

 

 

$

669,996

 

 

$

2,037,469

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliate and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Nine months ended December 28, 2024

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

1,797,417

 

 

$

68,725

 

 

$

23,439

 

 

$

1,889,581

 

Cost of sales(1)

 

 

(1,301,549

)

 

 

(50,501

)

 

 

(7,006

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(230,950

)

 

 

(7,793

)

 

 

(69,044

)

 

 

 

Other items(3)

 

 

 

 

 

 

 

 

2,955

 

 

 

 

Segment EBITDA

 

$

264,918

 

 

$

10,431

 

 

$

(49,656

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

264,918

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

10,431

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(49,656

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(30,796

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

12,977

 

Equity in net income of affiliate

 

 

 

 

 

 

 

 

 

 

 

1,466

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,874

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

211,214

 

Depreciation

 

$

20,220

 

 

$

1,347

 

 

$

462

 

 

$

22,029

 

Amortization

 

$

8,767

 

 

$

 

 

$

 

 

$

8,767

 

Expenditure for segment assets

 

$

34,116

 

 

$

1,087

 

 

$

2,768

 

 

$

37,971

 

Segment assets(4)

 

$

1,235,694

 

 

$

131,779

 

 

$

669,996

 

 

$

2,037,469

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
v3.25.4
Basis of Presentation and Business - Additional information (Detail)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 27, 2025
USD ($)
Center
Dec. 28, 2024
USD ($)
Dec. 27, 2025
USD ($)
Center
Facility
Dec. 28, 2024
USD ($)
Mar. 29, 2025
USD ($)
Significant Accounting Policies [Line Items]          
Trade accounts receivable, net $ 67,086   $ 67,086   $ 84,103
Payments for loans receivable     39,300   38,100
Floor plan receivables on nonaccrual status     0    
Interest income from floor plan receivables 700 $ 700 2,200 $ 1,700  
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]          
Significant Accounting Policies [Line Items]          
Trade accounts receivable, net $ 2,300   $ 2,300   $ 1,300
U.S [Member]          
Significant Accounting Policies [Line Items]          
Number of manufacturing facilities | Facility     42    
Number of sales centers | Center 83   83    
Canada [Member]          
Significant Accounting Policies [Line Items]          
Number of manufacturing facilities | Facility     4    
Kelowna, British Columbia [Member]          
Significant Accounting Policies [Line Items]          
Incurred plant closure costs     $ 6,500    
v3.25.4
Business Combinations - Additional information (Detail) - Iseman Homes [Member] - USD ($)
$ in Thousands
9 Months Ended
May 30, 2025
Dec. 27, 2025
Business Combination [Line Items]    
Effective date of business acquisition May 30, 2025  
Total purchase consideration $ 26,800 $ 26,846
Cash portion of purchase consideration 24,600 24,636
Contingent consideration 200  
Consideration payable 2,000 2,000
Estimated earn out consideration   $ 210
Estimated weighted average useful lives   10 years
Property, plant, and equipment   $ 9,560
Intangible assets   2,900
Level 3 Fair Value Estimates [Member]    
Business Combination [Line Items]    
Property, plant, and equipment   9,600
Intangible assets   2,900
Trade Names [Member]    
Business Combination [Line Items]    
Intangible assets   $ 2,900
Maximum [Member]    
Business Combination [Line Items]    
Estimated earn out consideration $ 1,500  
v3.25.4
Business Combinations - Schedule of Consideration Transferred and Preliminary Purchase Price Allocation on Assets and Liabilities (Detail) - USD ($)
$ in Thousands
9 Months Ended
May 30, 2025
Dec. 27, 2025
Mar. 29, 2025
Preliminary purchase price allocations:      
Goodwill   $ 363,616 $ 357,973
Iseman Homes [Member]      
Fair value of consideration transferred      
Cash consideration, net of cash acquired $ 24,600 24,636  
Consideration payable 2,000 2,000  
Estimated earn out consideration   210  
Total consideration $ 26,800 26,846  
Preliminary purchase price allocations:      
Trade accounts receivable   470  
Inventories   16,926  
Other current assets   315  
Property, plant, and equipment, net   9,560  
Amortizable intangible assets, net   2,900  
Accounts payable   (622)  
Other current liabilities   (8,346)  
Identifiable net assets acquired   21,203  
Goodwill   5,643  
Total purchase price   $ 26,846  
v3.25.4
Inventories, Net - Summary of Components of Inventory, Net of Reserves for Obsolete Inventory (Detail) - USD ($)
$ in Thousands
Dec. 27, 2025
Mar. 29, 2025
Inventory Disclosure [Abstract]    
Raw materials $ 107,123 $ 110,755
Work in process 40,481 31,079
Finished goods and other 193,704 218,795
Total inventories, net $ 341,308 $ 360,629
v3.25.4
Inventories, Net - Additional Information (Detail) - USD ($)
$ in Millions
Dec. 27, 2025
Mar. 29, 2025
Inventory Disclosure [Abstract]    
Reserves for obsolete inventory $ 11.3 $ 11.1
v3.25.4
Property Plant, and Equipment - Additional Information (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Property, Plant and Equipment [Line Items]        
Depreciation expense $ 9.3 $ 7.8 $ 27.0 $ 22.0
Minimum [Member] | Land and Improvements [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 3 years   3 years  
Minimum [Member] | Building and Improvements [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 8 years   8 years  
Minimum [Member] | Vehicles [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 3 years   3 years  
Minimum [Member] | Machinery and Equipment [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 3 years   3 years  
Maximum [Member] | Land and Improvements [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 10 years   10 years  
Maximum [Member] | Building and Improvements [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 25 years   25 years  
Maximum [Member] | Vehicles [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 8 years   8 years  
Maximum [Member] | Machinery and Equipment [Member]        
Property, Plant and Equipment [Line Items]        
Estimated useful lives of property, plant and equipment 8 years   8 years  
v3.25.4
Property Plant, and Equipment - Summary of Components of Property, Plant, and Equipment (Detail) - USD ($)
$ in Thousands
Dec. 27, 2025
Mar. 29, 2025
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, at cost $ 490,840 $ 463,092
Less accumulated depreciation (179,135) (155,952)
Property, plant, and equipment, net 311,705 307,140
Land and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, at cost 86,605 78,936
Building and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, at cost 206,792 197,491
Machinery and Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, at cost 178,273 172,208
Construction in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, at cost $ 19,170 $ 14,457
v3.25.4
Goodwill, Intangible Assets, and Cloud Computing Arrangements - Additional Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]          
Goodwill $ 363,616   $ 363,616   $ 357,973
Accumulated impairment losses 0   0    
Amortization of intangible assets 3,000 $ 2,900 8,900 $ 8,800  
Capitalized cloud computing costs 20,400   20,400   $ 23,000
Amortization of capitalized cloud computing costs $ 1,000 $ 1,000 $ 3,000 $ 1,700  
v3.25.4
Goodwill, Intangible Assets, and Cloud Computing Arrangements - Components of Amortizable Intangible Assets (Detail) - USD ($)
$ in Thousands
Dec. 27, 2025
Mar. 29, 2025
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount $ 132,133 $ 128,918
Accumulated amortization (73,371) (64,206)
Amortizable intangibles, net 58,762 64,712
Customer Relationships & Other [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 82,861 82,634
Accumulated amortization (52,627) (46,913)
Amortizable intangibles, net 30,234 35,721
Trade Names [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 49,272 46,284
Accumulated amortization (20,744) (17,293)
Amortizable intangibles, net $ 28,528 $ 28,991
v3.25.4
Investment in ECN Capital Corporation - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands, shares in Millions
1 Months Ended 3 Months Ended 9 Months Ended 15 Months Ended
Nov. 13, 2025
Sep. 30, 2023
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2026
Mar. 29, 2025
Schedule of Equity Method Investments [Line Items]                
Share of income     $ 913 $ 568 $ 203 $ (1,466)    
Investment in the common stock     1,533   1,533     $ 1,584
Value of investment in preferred shares     64,500   64,500     64,500
Floor plan payable     95,298   95,298     106,091
Dividend income     1,200 1,200 2,400 2,400    
ECN Capital Corp.                
Schedule of Equity Method Investments [Line Items]                
Equity investments in ECN   $ 137,800            
Common shares purchased   33.6            
Percentage of common stock outstanding   12.00%            
Cash dividend on preferred Shares   4.00%            
CAD per share $ 3.1              
Voting shares   19.90%            
Share of income       $ 700 700 $ 100 $ 1,200  
Percentage of ownership   51.00%            
Investment in the common stock     70,200   70,200     70,200
Aggregate value of investments     74,900   74,900      
Commitments on retailer floor plan loans outstanding     102,000   102,000      
ECN Capital Corp. | Mandatory convertible preferred shares                
Schedule of Equity Method Investments [Line Items]                
Number of shares issued   27.5            
Triad Financial Services, Inc.                
Schedule of Equity Method Investments [Line Items]                
Percentage of ownership   49.00%            
Floor plan payable     $ 15,200   $ 15,200     $ 35,000
v3.25.4
Other Current Liabilities - Components of Other Current Liabilities (Detail) - USD ($)
$ in Thousands
Dec. 27, 2025
Mar. 29, 2025
Dec. 28, 2024
Other Liabilities Disclosure [Abstract]      
Customer deposits $ 73,784 $ 82,886  
Accrued volume rebates 30,987 26,227  
Accrued warranty obligations 38,419 40,523 $ 44,446
Accrued compensation and payroll taxes 48,405 52,644  
Accrued insurance 16,997 15,825  
Accrued product liability - water intrusion 29,812 34,094  
Other 30,343 27,882  
Total other current liabilities $ 268,747 $ 280,081  
v3.25.4
Accrued Warranty Obligations - Summary of Changes in Accrued Warranty Obligations (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Mar. 29, 2025
Guarantees and Product Warranties [Abstract]          
Balance at beginning of period $ 51,748 $ 55,688 $ 53,155 $ 50,869  
Warranty expense 15,794 16,762 52,234 53,581  
Cash warranty payments (16,491) (16,311) (54,338) (48,311)  
Balance at end of period 51,051 56,139 51,051 56,139  
Less noncurrent portion in other long-term liabilities (12,632) (11,693) (12,632) (11,693)  
Total current portion $ 38,419 $ 44,446 $ 38,419 $ 44,446 $ 40,523
v3.25.4
Debt and Floor Plan Payable - Summary of Long Term Debt (Detail) - USD ($)
$ in Thousands
Dec. 27, 2025
Mar. 29, 2025
Debt Instrument [Line Items]    
Total long-term debt $ 23,816 $ 24,773
Obligations Under Industrial Revenue Bonds Due 2029 [Member]    
Debt Instrument [Line Items]    
Total long-term debt 12,430 12,430
Notes payable to Romeo Juliet, LLC, due 2026 [Member]    
Debt Instrument [Line Items]    
Total long-term debt 5,314 5,314
Notes payable to Romeo Juliet, LLC, due 2039 [Member]    
Debt Instrument [Line Items]    
Total long-term debt 2,036 2,036
Note payable to United Bank, due 2026 [Member]    
Debt Instrument [Line Items]    
Total long-term debt $ 4,036 $ 4,993
v3.25.4
Debt and Floor Plan Payable - Additional Information (Detail)
$ in Millions
9 Months Ended
Dec. 27, 2025
USD ($)
Jul. 28, 2025
USD ($)
Mar. 29, 2025
USD ($)
Debt Instrument [Line Items]      
Revolving credit facility, maturity month and year 2030-07    
Obligations Under Industrial Revenue Bonds Due 2029 [Member]      
Debt Instrument [Line Items]      
Weighted-average interest rate 4.48%    
Industrial revenue bonds maturity 2029    
Notes payable to Romeo Juliet, LLC [Member]      
Debt Instrument [Line Items]      
Weighted-average interest rate 5.42%    
Note Payable to United Bank [Member]      
Debt Instrument [Line Items]      
Weighted-average interest rate 3.85%    
Floor Plan Financing Arrangements [Member]      
Debt Instrument [Line Items]      
Weighted-average interest rate 6.50%    
Outstanding borrowings $ 95.3   $ 106.1
Line of Credit Facility, description Borrowings are secured by the homes and are required to be repaid when the Company sells the related home to a customer.    
Credit Agreement [Member] | Revolving Credit Facility [Member]      
Debt Instrument [Line Items]      
Revolving credit facility   $ 200.0  
First lien leverage ratio 0.0225    
Interest rate on borrowings 4.85%    
Credit Agreement [Member] | Revolving Credit Facility [Member] | Consolidated Total Net Leverage Ratio Equal to Or Greater Than 2.25:1.00 [Member] | SOFR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.875%    
Credit Agreement [Member] | Revolving Credit Facility [Member] | Consolidated Total Net Leverage Ratio Equal to Or Greater Than 2.25:1.00 [Member] | Alternate Base Rate [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.875%    
Credit Agreement [Member] | Revolving Credit Facility [Member] | Consolidated Total Net Leverage Below 0.50:1.00 [Member] | SOFR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.125%    
Credit Agreement [Member] | Revolving Credit Facility [Member] | Consolidated Total Net Leverage Below 0.50:1.00 [Member] | Alternate Base Rate [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.125%    
Maximum [Member] | Floor Plan Financing Arrangements [Member]      
Debt Instrument [Line Items]      
Revolving credit facility $ 308.0    
Letter of Credit [Member] | Credit Agreement [Member]      
Debt Instrument [Line Items]      
Revolving credit facility   $ 45.0  
Letters of credit issued 27.5    
Available borrowings under Credit Agreement $ 172.5    
v3.25.4
Revenue Recognition - Summary of Corporate Net Sales (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales $ 656,614 $ 644,925 $ 2,042,361 $ 1,889,581
Manufacturing [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 395,476 412,090 1,270,202 1,213,923
Retail [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 252,678 224,359 745,177 652,219
Transportation/Other [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 8,460   26,982  
Transportation [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales   8,476   23,439
U.S Factory-built Housing [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 622,364 610,757 1,933,351 1,797,417
U.S Factory-built Housing [Member] | Manufacturing [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 369,686 386,398 1,188,174 1,145,198
U.S Factory-built Housing [Member] | Retail [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 252,678 224,359 745,177 652,219
Canadian Factory-built Housing [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 25,790 25,692 82,028 68,725
Canadian Factory-built Housing [Member] | Manufacturing [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 25,790 25,692 82,028 68,725
Corporate Other [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales 8,460 8,476 26,982 23,439
Corporate Other [Member] | Transportation/Other [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales $ 8,460   $ 26,982  
Corporate Other [Member] | Transportation [Member]        
Disaggregation of Revenue [Line Items]        
Consolidated Net Sales   $ 8,476   $ 23,439
v3.25.4
Income Taxes - Additional Information (Detail) - USD ($)
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Income Tax Contingency [Line Items]        
Income tax expense $ 12,375,000 $ 16,698,000 $ 48,625,000 $ 45,809,000
Effective tax rate 18.30% 21.10% 21.10% 21.70%
Statutory federal income tax rate 21.00% 21.00% 21.00% 21.00%
Unrecognized tax benefits $ 0   $ 0  
v3.25.4
Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Numerator:        
Net income attributable to Champion Homes, Inc. $ 54,336 $ 61,537 $ 177,222 $ 162,065
Denominator:        
Basic weighted-average shares outstanding 55,920 57,407 56,459 57,640
Dilutive securities 357 614 339 537
Diluted weighted-average shares outstanding 56,277 58,021 56,798 58,177
Basic net income per share $ 0.97 $ 1.07 $ 3.14 $ 2.81
Diluted net income per share $ 0.97 $ 1.06 $ 3.12 $ 2.79
v3.25.4
Segment Information - Additional Information (Detail)
9 Months Ended
Dec. 27, 2025
Segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.25.4
Segment Information - Schedule of Financial Information by Reportable Segments (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Dec. 28, 2024
Mar. 29, 2025
Segment Reporting Information [Line Items]          
Net Sales $ 656,614 $ 644,925 $ 2,042,361 $ 1,889,581  
Cost of sales (484,421) (463,903) (1,492,406) (1,378,011)  
Selling, general, and administrative expenses (109,727) (108,214) (334,153) (316,696)  
Depreciation 9,312 7,784 26,975 22,029  
Amortization 2,953 2,889 8,850 8,767  
Equity in net income (loss) of affiliates (913) (568) (203) 1,466  
Net income attributable to non-controlling interest 1,668 1,290 4,869 1,874  
Income before income taxes 67,466 78,957 230,513 211,214  
Expenditure for segment assets 7,097 13,681 24,914 37,971  
Segment assets 2,114,315 [1] 2,037,469 [2] 2,114,315 [1] 2,037,469 [2] $ 2,110,408
U.S Factory-built Housing [Member]          
Segment Reporting Information [Line Items]          
Net Sales 622,364 610,757 1,933,351 1,797,417  
Cost of sales (457,549) [3] (437,039) [4] (1,407,646) [5] (1,301,549) [6]  
Selling, general, and administrative expenses (78,084) [7] (76,269) [8] (239,956) [9] (230,950) [10]  
Depreciation 8,407 7,172 24,819 20,220  
Amortization 2,953 2,889 8,850 8,767  
Other items 0 [11] 0 [12] 0 [13] 0 [14]  
Segment EBITDA 86,731 97,449 285,749 264,918  
Expenditure for segment assets 6,706 12,124 23,141 34,116  
Segment assets 1,252,251 [1] 1,235,694 [2] 1,252,251 [1] 1,235,694 [2]  
Canadian Factory-built Housing [Member]          
Segment Reporting Information [Line Items]          
Net Sales 25,790 25,692 82,028 68,725  
Cost of sales (18,213) [3] (18,482) [4] (57,882) [5] (50,501) [6]  
Selling, general, and administrative expenses (2,726) [7] (2,637) [8] (13,547) [9] (7,793) [10]  
Depreciation 749 462 1,678 1,347  
Amortization 0 0 0 0  
Other items 0 [11] 0 [12] 0 [13] 0 [14]  
Segment EBITDA 4,851 4,573 10,599 10,431  
Expenditure for segment assets 346 213 839 1,087  
Segment assets 152,424 [1] 131,779 [2] 152,424 [1] 131,779 [2]  
Corporate or other [Member]          
Segment Reporting Information [Line Items]          
Net Sales 8,460 8,476 26,982 23,439  
Cost of sales (1,259) [3] (1,742) [4] (4,909) [5] (7,006) [6]  
Selling, general, and administrative expenses (24,052) [7] (25,275) [8] (66,794) [9] (69,044) [10]  
Depreciation 156 150 478 462  
Amortization 0 0 0 0  
Other items 466 [11] 1,436 [12] (2,304) [13] 2,955 [14]  
Segment EBITDA (16,385) (17,105) (47,025) (49,656)  
Expenditure for segment assets 45 1,344 934 2,768  
Segment assets 709,640 [1] 669,996 [2] 709,640 [1] 669,996 [2]  
Segment Reconciling Items [Member]          
Segment Reporting Information [Line Items]          
Depreciation and amortization (12,265) (10,673) (35,825) (30,796)  
Interest income, net 3,779 3,991 12,349 12,977  
Equity in net income (loss) of affiliates (913) (568) (203) 1,466  
Net income attributable to non-controlling interest $ 1,668 $ 1,290 $ 4,869 $ 1,874  
[1] Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
[2] Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
[3] Cost of sales is presented net of depreciation expense.
[4] Cost of sales is presented net of depreciation expense.
[5] Cost of sales is presented net of depreciation expense.
[6] Cost of sales is presented net of depreciation expense.
[7] Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
[8] Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
[9] Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
[10] Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
[11] Other items for Corporate/Other include dividend income, equity in net loss of affiliates and non-controlling interest.
[12] Other items for Corporate/Other include dividend income, equity in net loss of affiliate and non-controlling interest.
[13] Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
[14] Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
v3.25.4
Commitments, Contingencies and Legal Proceedings - Additional Information (Detail) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended
Jan. 31, 2026
Dec. 27, 2025
Mar. 29, 2025
Commitment And Contingencies [Line Items]      
Reserve for estimated losses under repurchase agreements   $ 1.7 $ 1.6
Contingent repurchase obligation   $ 229.3  
Guarantor obligation, term   12 years  
Loss contingency damages paid value   $ 34.5  
Range of losses   77.5  
Product liability, net of remediation costs incurred   29.8 $ 34.1
Subsequent Event [Member]      
Commitment And Contingencies [Line Items]      
Costs of remediation $ 3.5    
Future purchase credit $ 2.5    
Minimum [Member]      
Commitment And Contingencies [Line Items]      
Range of losses   34.5  
Maximum [Member]      
Commitment And Contingencies [Line Items]      
Range of losses   85.0  
Letters of Credit [Member]      
Commitment And Contingencies [Line Items]      
Contingent obligation   27.5  
Long-term Debt [Member]      
Commitment And Contingencies [Line Items]      
Contingent obligation   12.7  
Casualty Insurance Program [Member]      
Commitment And Contingencies [Line Items]      
Contingent obligation   14.5  
Bonding Agreements [Member]      
Commitment And Contingencies [Line Items]      
Contingent obligation   0.3  
Surety Bond [Member]      
Commitment And Contingencies [Line Items]      
Contingent obligation   $ 18.6