Adjusted EBITDA grew 26% to $94 million, with margin expanding to 13.4% from 11.9% in the prior year period.
Gross profit rose 16% to $190 million with gross margin expanding 90 basis points to 27.1%, aided by higher average selling prices and favorable product mix.
Manufacturing backlog decreased 12% sequentially to $302 million with an average backlog lead time of 7 weeks, within the target range.
Net income attributable to Champion Homes increased by $19 million to $65 million, with earnings per diluted share rising to $1.13 from $0.79 year-over-year.
Net sales increased 12% year-over-year to $701 million in Q1 fiscal 2026, driven by a 7% increase in homes sold in the U.S. and a 50% increase in homes sold in Canada.
SG&A expenses increased slightly due to higher variable compensation and acquisition-related costs but were partially offset by nonrecurring expenses from the prior year.
Introduction of New Composite Roofing System for RV OEMs
Patrick Industries developed a new composite roofing system for RV OEMs, which is in the final prototyping stage and expected to supply in the second half of 2025.
This system integrates membranes, adhesives, and composite panels, representing a significant platform win and innovation in RV roofing solutions.
Dafinchi