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SKY News
SKY Events
Champion Homes Acquires Timberline Homes Assets
Champion Homes announced that it has entered into a definitive agreement to acquire the assets of Timberline Homes, representing nine retail locations across key Southeastern U. S. markets, including Alabama, Mississippi and Florida. These locations align closely with Champion's manufacturing and distribution presence in the region. "Timberline Homes is a great fit to join the Champion Homes team and reflects the thoughtful expansion that Dennis Adams led as Founder and President of Timberline," said Tim Larson, President and Chief Executive Officer of Champion Homes. "This planned acquisition underscores our strategic focus to elevate the homebuying experience for our customers by expanding our retail footprint in the region. We have tremendous respect for the Timberline team, and we are excited to welcome them into the Champion family of brands." The completion of the acquisition is subject to the satisfaction or waiver of certain customary closing conditions and is expected to close in Champion's fourth quarter of fiscal year 2027. To ensure a seamless integration process, all Timberline employees will be offered employment by Champion following the completion of the transaction.
Champion Homes Appoints Michael Haack as Independent Director
Champion Homes (SKY) announced that its Board of Directors has appointed Michael Haack as a new independent director, effective August 24, 2026. With the addition of Mr. Haack, the Champion Homes Board now comprises seven directors, six of whom are independent. Mr. Haack currently serves as President and Chief Executive Officer of Eagle Materials (EXP) and as a member of its Board of Directors.
Champion Homes Reports Fiscal Revenue of $710.2M
Reports revenue $710.2M, consensus $701.98M. "We began fiscal 2027 with encouraging demand trends and results in line with expectations," said Tim Larson, President and Chief Executive Officer of Champion Homes. "Our team continued to outperform the broader industry in a challenging environment. Champion's differentiated platform, dedicated team, and recently closed Homes Direct acquisition strengthen our ability to deliver affordable housing solutions, enhance our retail footprint, and drive long-term growth."
Champion Homes Appoints New Executives Following Kimmell's Retirement
Champion Homes announced several leadership appointments in connection with the retirement of Joseph Kimmell, Executive Vice President, Operations, effective June 26. Kimmell will remain available on a consulting basis through the end of August to help ensure a smooth transition. The following appointments reflect the Company's planned approach to succession and leadership alignment as Champion continues to evolve its operating model across 9,300 team members and 129 retail and manufacturing locations: Wade Lyall has been appointed Chief Sales Officer; John Kastanek has been appointed Chief Customer Experience Officer; and Andrew Houser has been appointed Senior Vice President, Manufacturing.
Company Repurchased $50 Million of Stock in Q4
As part of its Q4 announcement, the company stated: "The company repurchased and retired $50.0 million of its common stock during the fourth quarter and $200.0 million for the full fiscal year under the previously announced repurchase program. In May 2026, the Board of Directors refreshed the share repurchase authorization to provide for $150 million of potential future repurchases."
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