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TROY, Mich. - Champion Homes, Inc. (NYSE: SKY), a prominent North American factory-built housing producer, announced an increase in its share repurchase program by $50 million, now totaling $150 million. The decision by the Board of Directors was revealed earlier today, underlining the company’s confidence in its financial strategies and ongoing commitment to enhancing shareholder value. The announcement comes as the stock trades near its 52-week low of $64.45, having declined about 36% over the past six months, according to InvestingPro data.
Tim Larson, President and CEO of Champion Homes, stated that the company’s strong cash generation underpins the Board’s decision. The expanded repurchase program underscores the company’s dedication to a prudent capital allocation strategy. InvestingPro analysis reveals the company’s robust financial position, with more cash than debt on its balance sheet and a perfect Piotroski Score of 9, indicating strong operational efficiency and financial stability.
Share repurchases may be executed through various methods, including open market or private transactions, subject to stock price, market conditions, corporate and regulatory requirements, and other factors. Champion Homes clarified that there is no obligation to repurchase any specific number of shares and that the program could be suspended or discontinued at any time.
Champion Homes, established over 70 years ago, employs around 9,000 individuals and operates 46 manufacturing facilities across the United States and western Canada. The company offers a diverse portfolio of manufactured and modular homes, accessory dwelling units (ADUs), park-models, and modular buildings, catering to the single-family, multi-family, and hospitality sectors. With annual revenue of $2.48 billion and a healthy gross profit margin of 26.7%, the company maintains strong operational metrics. For deeper insights into Champion Homes’ financial health and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In addition to homebuilding, Champion Homes provides installation and setup services for factory-built homes and operates a factory-direct retail business with 72 locations nationwide. It also manages Star Fleet Trucking, offering transportation services to the manufactured housing industry and others from various dispatch locations in the U.S.
The company builds homes under several well-known brand names, including Skyline Homes, Champion Homes, Genesis Homes, and others in the U.S., as well as Moduline and SRI Homes in western Canada.
This announcement is based on a press release statement from Champion Homes, Inc. and includes forward-looking statements covered under the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
In other recent news, Champion Homes, Inc. reported its fourth quarter fiscal 2025 results, which revealed a mixed performance. The company posted revenue of $593.9 million, marking a 10.7% increase year-over-year and surpassing analyst estimates. However, its adjusted earnings per share fell short of expectations, coming in at $0.63 compared to the forecasted $0.78. For the full fiscal year 2025, Champion Homes achieved net sales of $2.5 billion, a 22.7% rise from the previous year, with adjusted EBITDA increasing by 16.2% to $285.1 million. Meanwhile, Skyline Corporation faced challenges in its fiscal fourth-quarter earnings, which missed expectations due to lower gross margins and a challenging demand environment. RBC Capital Markets responded by lowering Skyline’s price target from $96.00 to $82.00, maintaining a Sector Perform rating on the stock. The report noted ongoing margin pressure and weakened demand in the core manufactured housing segment. Despite these challenges, RBC Capital views the risk/reward profile for Skyline Corporation shares as balanced.
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