Champion Homes Inc. (NYSE: SKY) has announced its financial results for the fourth quarter and full year ending March 29, 2025. For the full fiscal year 2025, net sales increased by 22.7% to $2.5 billion. The company's net income rose by $51.7 million, reaching $198.4 million, marking a 35.3% increase from the previous year. Earnings per share $(EPS)$ also grew by 35.2% to $3.42. In the fourth quarter of fiscal 2025, net sales increased by 10.7% to $593.9 million compared to the same period in the previous year. The company reported a net income increase of $33.6 million, totaling $36.3 million for the quarter. The average selling price per U.S. home sold rose by 5.0% to $94,300, and gross profit margin expanded by 740 basis points to 25.7%. Despite these positive results, adjusted EBITDA for the fourth quarter decreased by 1.1% to $52.6 million, with the adjusted EBITDA margin contracting by 110 basis points to 8.9%. For the full year, adjusted EBITDA increased by 16.2% to $285.1 million, though the adjusted EBITDA margin contracted by 60 basis points to 11.5%. Champion Homes also reported a significant increase in net cash generated by operating activities, which rose by $41.9 million to $46.0 million for the fourth quarter. The company repurchased $20.0 million of shares under its share repurchase program during this period. The company announced the acquisition of Iseman Homes as part of its strategy to expand retail capabilities and support channel partners. CEO Tim Larson emphasized the company's focus on managing market volatility and uncertainty, while continuing to invest in new products and services.
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