Recent Updates — SKY

Champion Homes, Inc. entered into a definitive agreement to acquire the assets of Timberline Homes, Inc., adding nine retail locations across Alabama, Mississippi, and Florida. The transaction is expected to close in the fourth quarter of fiscal year 2027, subject to customary closing conditions. All Timberline employees will be offered employment by Champion following completion. This acquisition expands Champion's direct-to-consumer strategy and retail footprint in a region aligned with its manufacturing network. Champion Homes, Inc. is a leading producer of factory-built housing in North America.

Champion Homes reported first-quarter fiscal 2027 results with net sales increasing 1.3% to $710.2 million and diluted earnings per share of $0.89. The company sold 7,089 U.S. homes at an average selling price of $95,600, generating adjusted EBITDA of $73.6 million. Concurrently, the Board approved a $50.0 million increase to its existing share repurchase program, refreshing the total authorization to $150.0 million. The company also announced it repurchased and retired $50.0 million of common stock during the quarter. Champion Homes operates in the factory-built housing industry, manufacturing and selling manufactured and modular homes across North America.