Business Segment Information (Tables)

6 Months Ended

Sep. 27, 2025

The following tables provide selected financial data by segment (dollars in thousands):


	Three Months Ended September 27, 2025
	Factory-built housing		Financial services		Consolidated
Net revenue	$	535,117	$	21,410	$	556,527
Cost of sales	412,623		9,497		422,120
Gross profit	122,494		11,913		134,407
Selling, general and administrative expenses	65,757		6,472		72,229
Income from operations	56,737		5,441		62,178
Interest income	5,046		—		5,046
Interest expense	(112)		—		(112)
Other income, net	142		—		142
Income before income taxes	61,813		5,441		67,254
Income tax expense	(13,661)		(1,212)		(14,873)
Net income	$	48,152	$	4,229	$	52,381

	Six Months Ended September 27, 2025
	Factory-built housing		Financial services		Consolidated
Net revenue	$	1,070,811	$	42,573	$	1,113,384
Cost of sales	827,473		21,998		849,471
Gross profit	243,338		20,575		263,913
Selling, general and administrative expenses	128,911		12,466		141,377
Income from operations	114,427		8,109		122,536
Interest income	10,149		—		10,149
Interest expense	(276)		—		(276)
Other income, net	142		—		142
Income before income taxes	124,442		8,109		132,551
Income tax expense	(26,789)		(1,739)		(28,528)
Net income	$	97,653	$	6,370	$	104,023


	Three Months Ended September 27, 2025
	Factory-built housing		Financial services		Consolidated
Depreciation	$	4,898	$	63	$	4,961
Amortization	$	366	$	6	$	372
Capital expenditures	$	9,861	$	—	$	9,861

	Six Months Ended September 27, 2025
	Factory-built housing		Financial services		Consolidated
Depreciation	$	9,633	$	125	$	9,758
Amortization	$	732	$	12	$	744
Capital expenditures	$	18,870	$	—	$	18,870


	Three Months Ended September 28, 2024
	Factory-built housing		Financial services		Consolidated
Net revenue	$	486,343	$	21,118	$	507,461
Cost of sales	374,823		16,516		391,339
Gross profit	111,520		4,602		116,122
Selling, general and administrative expenses	61,440		5,557		66,997
Income (loss) from operations	50,080		(955)		49,125
Interest income	5,692		—		5,692
Interest expense	(125)		—		(125)
Other income, net	258		—		258
Income (loss) before income taxes	55,905		(955)		54,950
Income tax expense	(11,099)		(36)		(11,135)
Net income (loss)	$	44,806	$	(991)	$	43,815

	Six Months Ended September 28, 2024
	Factory-built housing		Financial services		Consolidated
Net revenue	$	944,391	$	40,669	$	985,060
Cost of sales	729,361		36,175		765,536
Gross profit	215,030		4,494		219,524
Selling, general and administrative expenses	121,160		10,688		131,848
Income (loss) from operations	93,870		(6,194)		87,676
Interest income	11,203		—		11,203
Interest expense	(215)		—		(215)
Other income, net	147		—		147
Income (loss) before income taxes	105,005		(6,194)		98,811
Income tax (expense) benefit	(21,755)		1,188		(20,567)
Net income (loss)	$	83,250	$	(5,006)	$	78,244


	Three Months Ended September 28, 2024
	Factory-built housing		Financial services		Consolidated
Depreciation	$	4,312	$	63	$	4,375
Amortization	$	378	$	7	$	385
Capital expenditures	$	4,878	$	27	$	4,905

	Six Months Ended September 28, 2024
	Factory-built housing		Financial services		Consolidated
Depreciation	$	8,616	$	128	$	8,744
Amortization	$	764	$	13	$	777
Capital expenditures	$	9,729	$	90	$	9,819