Champion Homes, Inc. is a leading manufacturer of factory-built, affordable, high-quality homes in North America, with extensive manufacturing facilities, a broad retail network, and a focus on operational excellence and innovation.

# Company Overview - Champion Homes, Inc.

## Business Description
Champion Homes, Inc., formerly known as Skyline Champion Corporation, is a leading manufacturer of factory-built housing in North America, focusing on affordable, high-quality homes. The company operates through a vertically integrated model that includes manufacturing, retail, construction services, and transportation logistics.

## Key Operations
- **Manufacturing Facilities:** Over 70 years of experience, with 48 manufacturing facilities in 20 U.S. states and 3 provinces in western Canada.
- **Employees:** Approximately 9,000 full and part-time employees as of March 29, 2025.
- **Retail Presence:** 72 company-owned retail sales centers across the U.S.
- **Logistics:** Operates Star Fleet Trucking, specializing in transporting manufactured homes and RVs nationwide.

## Market Position & Share
- **Industry Position:**
  - 2nd in the U.S. manufactured housing segment based on units shipped in 2024.
  - 1st in modular home building in the U.S.
  - Leading position in western Canada.
  - Leading in park model RV sales.
- **Market Share:** Approximate U.S. manufactured housing market share of **2.5%** in fiscal 2025.
- **Home Shipments:**
  - Industry shipments in 2024: **92,288 units** (up from 104,374 in 2023).
  - Company’s U.S. wholesale market share: **22.0%** in fiscal 2025 (up from 19.9% in 2024).

## Revenue & Financials (Fiscal Year Ended March 29, 2025)
- **Total Net Sales:** Approximately **$2.5 billion**.
- **Net Income:** **$201.6 million**, a 37.5% increase from $146.7 million in fiscal 2024.
- **Gross Profit:** **$664 million** (26.7% of net sales), up from $485.8 million.
- **Operating Income:** **$237 million**.
- **Adjusted EBITDA:** **$285 million** (11.5% of net sales), increased from $245 million.

## Product Offerings
- **Home Types:** Manufacturing of manufactured and modular homes, park model RVs, cabins, and accessory dwelling units (ADUs).
- **Home Sizes:** Ranges from 400 to 4,000 square feet, typically with 2-4 bedrooms.
- **Pricing:**
  - U.S. average home selling price: **$93,300**.
  - Canadian average home price: **$120,000**.
- **Brands:** Including Champion Homes, Genesis Homes, Skyline Homes, Regional Homes, Athens Park, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, among others.

## Business Strategy Highlights
- Focused on operational excellence, product innovation, expanding customer engagement channels, brand awareness, and disciplined growth.
- Invests in digital tools, automation, and enterprise-wide cloud systems to enhance decision-making.
- Committed to ESG initiatives, including environmental sustainability, community outreach, and governance.

## Customer Base
- Primary consumers include first-time homebuyers, retirees, rural residents, and households earning under $60,000.
- Market segments include Millennials, Baby Boomers, rural communities, and those seeking affordable alternative housing options like ADUs and rent-to-own models.

## Revenue Drivers
- Sales through independent retailers, company-owned retail centers, and direct-to-consumer models.
- Contracted sales backlog of **$343.4 million** as of March 29, 2025.
- Significant focus on expanding retail locations and enhancing financing options through a joint venture with Triad Financial Services.

## Summary
Champion Homes designs, manufactures, and sells affordable factory-built homes across North America, leveraging a broad manufacturing footprint, a retail network, and logistics services. The company aims for sustainable long-term growth through product innovation, operational efficiency, and strategic acquisitions.

Skyline Champion Corporation is a leading manufacturer of factory-built housing in North America, focusing on delivering high-quality, affordable housing solutions.

## Skyline Champion Corporation Overview

### General Information
Skyline Champion Corporation operates as a leading manufacturer of factory-built housing in North America. With over 70 years of experience in homebuilding, the company has established a significant presence in the market, focusing on delivering high-quality, affordable housing solutions.

### Key Figures
- **Number of Employees:** Approximately 8,600
- **Revenue (Fiscal Year 2024):** Approximately $2.0 billion
- **Net Income (Fiscal Year 2024):** Approximately $146.7 million
- **Market Share:** Approximately 19.9% of U.S. wholesale market share for HUD code homes

### Business Segments
Skyline Champion's operations encompass a variety of housing products and services:

1. **Manufactured Homes:** 
   - The company is one of the largest producers of manufactured homes in North America, holding the **number two position** in the U.S. market.
   - Offers a diverse portfolio including single-family homes, multi-section homes, park model RVs, and cabins.
   - Total number of homes sold in the U.S. in fiscal 2024 was approximately **20,954 units**.

2. **Modular Homes:**
   - Skyline Champion is the **number one modular builder** in the United States.
   - Homes are built to comply with federal and state regulations.

3. **Retail Sales:**
   - Operates **74 retail sales centers** across the U.S., facilitating direct sales to consumers.
   - Provides an integrated shopping experience for buyers with additional support for financing through its captive finance company.

4. **Construction and Logistics:**
   - The company also offers construction services to install and set up factory-built homes.
   - Operates **Star Fleet Trucking**, managing logistics for transportation of manufactured homes and RVs.

### Customer Base
Skyline Champion's customer base includes:
- Independent retailers and builders/developers
- Manufactured home community operators
- End consumers seeking affordable housing solutions
- Federal Emergency Management Agency (FEMA) for disaster housing needs (notably had significant sales to FEMA prior)

### Market Position
Skyline Champion is strategically positioned within high-demand regions in the U.S. and western Canada, allowing for efficient distribution and meeting customer needs effectively. The company operates **48 manufacturing facilities** across **20 U.S. states and three Canadian provinces**, catering to a diverse range of customers seeking factory-built homes.

### Financial Performance Highlights (Fiscal Year Ended March 30, 2024)
- **Net Sales:** $2,024.8 million, a decrease from $2,606.6 million in the prior year.
- **Gross Profit:** $485.8 million, down from $818.7 million in fiscal 2023.
- **Operating Income:** $175.2 million, down from $518.3 million in the previous fiscal year.
  
Despite a challenging economic environment characterized by inflation and rising interest rates, Skyline Champion continues to focus on growth through strategic acquisitions, operational efficiencies, and expanding its product offerings.

Champion Homes, Inc.

10-K / May 27, 2025

10-K / May 29, 2024

10-K / May 27, 2025

Company Overview - Champion Homes, Inc.

Business Description

Key Operations

Market Position & Share

Revenue & Financials (Fiscal Year Ended March 29, 2025)

Product Offerings

Business Strategy Highlights

Customer Base

Revenue Drivers

Summary