Champion Homes 2024年度报告

2025 ANNUALREPORT DearFellowShareholders, Fiscal2025representedanotherexcitingchapterinthecontinuedgrowthandadvancementofChampionHomes.IampleasedthatsincesteppingintotheroleofCEOinDecember2024,Ihavebeenabletomeetwithmanyofyouandmanyofourbusinesspartners,customers,andemployees.Theseinteractionsprovidetimelyfeedbackandincreasemyconfidencethatwehaveasolidfoundationtobuildon—withmeaningfulnearandlong-termopportunitiesthatwe’vealignedourstrategicinvestmentsandexecutiontodeliveron. Ourperformancethisyearisatestamenttotheimportanceoftenaciousexecution,centeredonanunwaveringfocusonourcustomers.IamgratefultotheentireChampionHomesteamfortheirexceptionaleffortstogrowrevenueandearningsinfiscal2025. InadditiontogrowingFiscal2025sales22.7%to$2.5BillionanddeliveringAdjustedEBITDAof$285.1million,wemadeasignificantimpactinthecommunitiesweserve,providingover26,000homestocustomersandfamiliesacrosstheUSandCanada.Eachhomewesellisadirectresultofourexcitinghomedesigns,quality,value,andtheexcellencethatourteammembersstrivetodeliverbefore,duringandafterthesale. Theneedforaffordablehousingremainsever-presentacrosstheUSandCanada.Thelong-termoutlookforChampionisstrongandwehavethestrategiesinplacetodeliverforallourstakeholders. Strategiesthatwearethoughtfullyexecutingasweevolvetheteamwithacombinationofinternaladvancementandnewtalent.Ourguidingprioritiesarenotonlyforthelong-term,theyprovideaclearroadmapfortoday’senvironmentanddeployingourcapital.Including: ▪Winningasacustomer-centric,high-performanceagileteam ▪Innovatinganddifferentiatingwithproductsandservicesbycustomersegmentandthatattractsnewbuyers ▪Expandingandelevatingourgo-to-marketchannels,includingdeliveringexperiencesbefore,duringandafterthesale,thatearnnewcustomersandtheirreferrals ▪Increasingawareness,demandandadvocacyforourbrandsandhomes ▪Leveragingourcosts,capacityandinvestmentsinpeople,andtechnology ▪Aligningourcapitalallocationwithourstrategy,includingM&Aandsharerepurchases Inclosing,Iwantedtosharemysincereappreciationforyoursupport.Weareexcitedaboutthefutureandallthatwewillcontinuetobuildtogether. Sincerely, TimLarson President,ChiefExecutiveOfficerandDirector UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM10-K ÈANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedMarch29,2025 □TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934FORTHEPERIODFROMTO CommissionFileNumber001-04714 CHAMPIONHOMES,INC. (Exactnameofregistrantasspecifiedinitscharter) Indiana35-1038277 (StateofIncorporation)(I.R.S.EmployerIdentificationNo.) 755WestBigBeaverRoad,Suite1000 Troy,Michigan48084 (AddressofPrincipalExecutiveOffices)(ZipCode) (248)614-8211 (Registrant’stelephonenumber,includingareacode) SecuritiesregisteredpursuanttoSection12(b)oftheAct: TitleofeachclassTradingSymbol(s)Nameofeachexchangeonwhichregistered CommonStockSKYNewYorkStockExchangeSecuritiesRegisteredPursuanttoSection12(g)oftheAct:None Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.YesÈNo‘ IndicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13or15(d)oftheExchangeAct.Yes‘NoÈ IndicatebycheckmarkwhethertheRegistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheRegistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.YesÈNo‘ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).YesÈNo‘ IndicatebycheckmarkwhethertheRegistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompanyoranemerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler,”“acceleratedfiler,”“smallerreportingcompany,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct:): LargeacceleratedfilerÈAcceleratedfiler‘ Non-acceleratedfiler‘Smallerreportingcompany‘ Emerginggrowthcompany‘Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.‘IndicatebycheckmarkwhethertheRegistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.È IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.‘ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistr