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Segment Information (Tables)
 6 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments Selected financial information by reportable segment was as follows:

 

 

 

Three months ended September 27, 2025

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

649,056

 

 

$

26,118

 

 

$

9,255

 

 

$

684,429

 

Cost of sales(1)

 

 

(469,627

)

 

 

(18,252

)

 

 

(1,537

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(79,511

)

 

 

(5,126

)

 

 

(23,902

)

 

 

 

Other items(3)

 

 

—

 

 

 

—

 

 

 

(2,100

)

 

 

 

Segment EBITDA

 

$

99,918

 

 

$

2,740

 

 

$

(18,284

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

99,918

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

2,740

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(18,284

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(11,658

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

4,034

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

125

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,895

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

78,770

 

Depreciation

 

$

8,038

 

 

$

467

 

 

$

161

 

 

$

8,666

 

Amortization

 

$

2,992

 

 

$

—

 

 

$

—

 

 

$

2,992

 

Expenditure for segment assets

 

$

8,258

 

 

$

139

 

 

$

519

 

 

$

8,916

 

Segment assets(4)

 

$

1,298,899

 

 

$

145,829

 

 

$

676,077

 

 

$

2,120,805

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include equity in net loss of affiliates and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Six months ended September 27, 2025

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

1,310,987

 

 

$

56,238

 

 

$

18,522

 

 

$

1,385,747

 

Cost of sales(1)

 

 

(950,096

)

 

 

(39,669

)

 

 

(3,651

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(161,873

)

 

 

(10,821

)

 

 

(42,740

)

 

 

 

Other items(3)

 

 

—

 

 

 

—

 

 

 

(2,771

)

 

 

 

Segment EBITDA

 

$

199,018

 

 

$

5,748

 

 

$

(30,640

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

199,018

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

5,748

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(30,640

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(23,560

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

8,570

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

710

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

3,201

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

163,047

 

Depreciation

 

$

16,413

 

 

$

927

 

 

$

323

 

 

$

17,663

 

Amortization

 

$

5,897

 

 

$

—

 

 

$

—

 

 

$

5,897

 

Expenditure for segment assets

 

$

16,435

 

 

$

493

 

 

$

889

 

 

$

17,817

 

Segment assets(4)

 

$

1,298,899

 

 

$

145,829

 

 

$

676,077

 

 

$

2,120,805

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Three months ended September 28, 2024

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

587,127

 

 

$

22,234

 

 

$

7,516

 

 

$

616,877

 

Cost of sales(1)

 

 

(425,490

)

 

 

(16,981

)

 

 

(2,339

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(73,189

)

 

 

(2,274

)

 

 

(20,416

)

 

 

 

Other items(3)

 

 

—

 

 

 

—

 

 

 

(1,288

)

 

 

 

Segment EBITDA

 

$

88,448

 

 

$

2,979

 

 

$

(16,527

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

88,448

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

2,979

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(16,527

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(9,511

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

4,737

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

691

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

584

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

71,401

 

Depreciation

 

$

5,943

 

 

$

448

 

 

$

152

 

 

$

6,543

 

Amortization

 

$

2,968

 

 

$

—

 

 

$

—

 

 

$

2,968

 

Expenditure for segment assets

 

$

12,465

 

 

$

448

 

 

$

1,202

 

 

$

14,115

 

Segment assets(4)

 

$

1,251,635

 

 

$

137,703

 

 

$

638,334

 

 

$

2,027,672

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include equity in net loss of affiliate and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

 

 

 

Six months ended September 28, 2024

 

(Dollars in thousands)

 

U.S. Factory-built Housing

 

 

Canadian Factory-built Housing

 

 

Corporate/Other

 

 

Consolidated

 

Net sales

 

$

1,186,660

 

 

$

43,033

 

 

$

14,963

 

 

$

1,244,656

 

Cost of sales(1)

 

 

(864,511

)

 

 

(32,020

)

 

 

(5,264

)

 

 

 

Selling, general, and administrative expenses(2)

 

 

(154,680

)

 

 

(5,155

)

 

 

(40,839

)

 

 

 

Other items(3)

 

 

—

 

 

 

—

 

 

 

(1,411

)

 

 

 

Segment EBITDA

 

$

167,469

 

 

$

5,858

 

 

$

(32,551

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

$

167,469

 

Canadian Factory-built Housing EBITDA

 

 

 

 

 

 

 

 

 

 

 

5,858

 

Corporate/Other EBITDA

 

 

 

 

 

 

 

 

 

 

 

(32,551

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(20,123

)

Interest income, net

 

 

 

 

 

 

 

 

 

 

 

8,986

 

Equity in net loss of affiliate

 

 

 

 

 

 

 

 

 

 

 

2,034

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

584

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

132,257

 

Depreciation

 

$

13,048

 

 

$

885

 

 

$

312

 

 

$

14,245

 

Amortization

 

$

5,878

 

 

$

—

 

 

$

—

 

 

$

5,878

 

Expenditure for segment assets

 

$

21,992

 

 

$

874

 

 

$

1,961

 

 

$

24,827

 

Segment assets(4)

 

$

1,251,635

 

 

$

137,703

 

 

$

638,334

 

 

$

2,027,672

 

 

(1)
Cost of sales is presented net of depreciation expense.
(2)
Selling, general, and administrative expenses are presented net of depreciation and amortization expense.
(3)
Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest.
(4)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.