Champion Homes Business Summary

Champion Homes, Inc. (NYSE: SKY) is a premier vertically integrated producer of factory-built housing in North America, generating revenue primarily through the manufacturing and sale of manufactured homes, modular homes, and accessory dwelling units (ADUs). The company’s operations are divided into two core segments: U.S. Factory-built Housing and Canadian Factory-built Housing, which are augmented by a downstream value chain comprising over 70 factory-direct retail centers, a specialized construction services division, and a logistics arm, Star Fleet Trucking. Revenue is derived from a mix of wholesale distributions to independent retailers and community developers, as well as direct-to-consumer retail sales. As the second-largest producer in the industry, Champion Homes competes directly with Clayton Homes (a Berkshire Hathaway subsidiary), Cavco Industries, and Legacy Housing, distinguishing itself through a massive manufacturing footprint of 48 facilities and a customer-centric digital strategy aimed at the affordable housing market. The leadership team is headed by President and CEO Tim Larson, who took the helm in late 2024 following his tenure as Chief Growth Officer and previous executive roles at Polaris Industries and Jostens. In early 2026, Dave McKinstray was appointed Executive Vice President and CFO, succeeding Laurie Hough, who remains with the company as an Executive Financial Advisor. The corporate board is chaired by Eddie Capel, overseeing a strategic vision rooted in the 2018 merger of industry pioneers Skyline Corporation (founded by Arthur Decio) and Champion Enterprises. The company maintains a high level of institutional confidence, with major shareholders including The Vanguard Group, BlackRock, and State Street Corporation. This executive group is currently focused on expanding the company's retail footprint and integrating financial services through Champion Financing to capture a larger share of the homeownership lifecycle.