Champion Homes, Inc. Segments Disclosure
Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker, the Chief Executive Officer, evaluates the performance of the Company’s segments and allocates resources based on net sales, before elimination of inter-company shipments and earnings before interest, taxes, depreciation and amortization (“EBITDA”).
The Company operates in two reportable segments: (i) U.S. Factory-built Housing, which includes manufacturing and retail housing operations and (ii) Canadian Factory-built Housing. Corporate/Other includes the Company’s transportation operations, the Company's financing activities, corporate costs directly incurred for all segments and intersegment eliminations. Segments are generally determined by geography. Segment data includes intersegment revenues and corporate office costs that are directly and exclusively incurred for each segment. Total assets for Corporate/Other primarily include cash and certain deferred tax items not specifically allocated to another segment.
Beginning in fiscal 2025, the Company adopted ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures". Selected financial information by reportable segment was as follows:
|
|
Year Ended March 28, 2026 |
|
|||||||||||||
(Dollars in thousands) |
|
U.S. Factory-built Housing |
|
|
Canadian Factory-built Housing |
|
|
Corporate/Other |
|
|
Consolidated |
|
||||
Net sales |
|
$ |
2,515,831 |
|
|
$ |
110,986 |
|
|
$ |
36,822 |
|
|
$ |
2,663,639 |
|
Cost of sales(1) |
|
|
(1,846,795 |
) |
|
|
(77,008 |
) |
|
|
(6,218 |
) |
|
|
|
|
Selling, general, and administrative expenses(2) |
|
|
(326,601 |
) |
|
|
(16,484 |
) |
|
|
(90,979 |
) |
|
|
|
|
Other items(3) |
|
|
— |
|
|
|
— |
|
|
|
(4,554 |
) |
|
|
|
|
Segment EBITDA |
|
$ |
342,435 |
|
|
$ |
17,494 |
|
|
$ |
(64,929 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. Factory-built Housing EBITDA |
|
|
|
|
|
|
|
|
|
|
$ |
342,435 |
|
|||
Canadian Factory-built Housing EBITDA |
|
|
|
|
|
|
|
|
|
|
|
17,494 |
|
|||
Corporate/Other EBITDA |
|
|
|
|
|
|
|
|
|
|
|
(64,929 |
) |
|||
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
(47,789 |
) |
|||
Interest income, net |
|
|
|
|
|
|
|
|
|
|
|
16,444 |
|
|||
Equity in net (income) of affiliate |
|
|
|
|
|
|
|
|
|
|
|
(382 |
) |
|||
Net income attributable to non-controlling interest |
|
|
|
|
|
|
|
|
|
|
|
7,298 |
|
|||
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
270,571 |
|
|||
Depreciation |
|
$ |
33,281 |
|
|
$ |
2,077 |
|
|
$ |
634 |
|
|
$ |
35,992 |
|
Amortization |
|
$ |
11,797 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,797 |
|
Expenditure for segment assets |
|
$ |
30,513 |
|
|
$ |
2,274 |
|
|
$ |
1,332 |
|
|
$ |
34,119 |
|
Segment assets(4) |
|
$ |
1,265,654 |
|
|
$ |
159,087 |
|
|
$ |
706,805 |
|
|
$ |
2,131,546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
Year Ended March 29, 2025 |
|
|||||||||||||
(Dollars in thousands) |
|
U.S. Factory-built Housing |
|
|
Canadian Factory-built Housing |
|
|
Corporate/Other |
|
|
Consolidated |
|
||||
Net sales |
|
$ |
2,357,916 |
|
|
$ |
94,172 |
|
|
$ |
31,360 |
|
|
$ |
2,483,448 |
|
Cost of sales(1) |
|
|
(1,716,443 |
) |
|
|
(68,696 |
) |
|
|
(8,475 |
) |
|
|
|
|
Selling, general, and administrative expenses(2) |
|
|
(311,660 |
) |
|
|
(10,786 |
) |
|
|
(88,446 |
) |
|
|
|
|
Other items(3) |
|
|
— |
|
|
|
— |
|
|
|
(1,869 |
) |
|
|
|
|
Segment EBITDA |
|
$ |
329,813 |
|
|
$ |
14,690 |
|
|
$ |
(67,430 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. Factory-built Housing EBITDA |
|
|
|
|
|
|
|
|
|
|
$ |
329,813 |
|
|||
Canadian Factory-built Housing EBITDA |
|
|
|
|
|
|
|
|
|
|
|
14,690 |
|
|||
Corporate/Other EBITDA |
|
|
|
|
|
|
|
|
|
|
|
(67,430 |
) |
|||
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
(41,910 |
) |
|||
Interest income, net |
|
|
|
|
|
|
|
|
|
|
|
16,974 |
|
|||
Equity in net loss of affiliate |
|
|
|
|
|
|
|
|
|
|
|
2,004 |
|
|||
Net income attributable to non-controlling interest |
|
|
|
|
|
|
|
|
|
|
|
3,227 |
|
|||
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
257,368 |
|
|||
Depreciation |
|
$ |
27,857 |
|
|
$ |
1,780 |
|
|
$ |
616 |
|
|
$ |
30,253 |
|
Amortization |
|
$ |
11,657 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,657 |
|
Expenditure for segment assets |
|
$ |
44,824 |
|
|
$ |
2,087 |
|
|
$ |
3,621 |
|
|
$ |
50,532 |
|
Segment assets(4) |
|
$ |
1,275,488 |
|
|
$ |
140,230 |
|
|
$ |
694,690 |
|
|
$ |
2,110,408 |
|
|
|
Year Ended March 30, 2024 |
|
|||||||||||||
(Dollars in thousands) |
|
U.S. Factory-built Housing |
|
|
Canadian Factory-built Housing |
|
|
Corporate/Other |
|
|
Consolidated |
|
||||
Net sales |
|
$ |
1,885,507 |
|
|
$ |
109,089 |
|
|
$ |
30,227 |
|
|
$ |
2,024,823 |
|
Cost of sales(1) |
|
|
(1,425,962 |
) |
|
|
(77,176 |
) |
|
|
(15,074 |
) |
|
|
|
|
Selling, general, and administrative expenses(2) |
|
|
(218,923 |
) |
|
|
(10,545 |
) |
|
|
(67,028 |
) |
|
|
|
|
Other items(3) |
|
|
— |
|
|
|
— |
|
|
|
(9,627 |
) |
|
|
|
|
Segment EBITDA |
|
$ |
240,622 |
|
|
$ |
21,368 |
|
|
$ |
(61,502 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. Factory-built Housing EBITDA |
|
|
|
|
|
|
|
|
|
|
$ |
240,622 |
|
|||
Canadian Factory-built Housing EBITDA |
|
|
|
|
|
|
|
|
|
|
|
21,368 |
|
|||
Corporate/Other EBITDA |
|
|
|
|
|
|
|
|
|
|
|
(61,502 |
) |
|||
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
(34,910 |
) |
|||
Interest income, net |
|
|
|
|
|
|
|
|
|
|
|
28,254 |
|
|||
Equity in net loss of affiliate |
|
|
|
|
|
|
|
|
|
|
|
7,023 |
|
|||
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
200,855 |
|
|||
Depreciation |
|
$ |
22,041 |
|
|
$ |
1,482 |
|
|
$ |
613 |
|
|
$ |
24,136 |
|
Amortization |
|
$ |
10,774 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
10,774 |
|
Expenditure for segment assets |
|
$ |
47,856 |
|
|
$ |
3,553 |
|
|
$ |
1,506 |
|
|
$ |
52,915 |
|
Segment assets(4) |
|
$ |
1,239,338 |
|
|
$ |
132,420 |
|
|
$ |
551,583 |
|
|
$ |
1,923,341 |
|
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 26, 2026 | Showing above |
| 2025 | May 27, 2025 | |
| 2024 | May 29, 2024 | |
| 2023 | May 30, 2023 | |
| 2022 | May 24, 2022 | |
| 2021 | May 26, 2021 | |
| 2020 | May 21, 2020 | |
| 2019 | May 23, 2019 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.