> SUBSCRIBE FOR FREE! 

Skyline Corp. reported a 162% leap in earnings on an 11.9% increase in sales for the fiscal year ending May 31.
The Elkhart, Ind.-based builder of recreational vehicles and manufactured housing recorded sales for fiscal 2006 of $508.5 million, compared to $454.3 million the prior year. Fourth quarter sales were $136.2 million compared to $119.5 million in the last quarte of fiscal ’05.
Net earnings for Skyline’s 2006 fiscal year were $14.3 million compared to $5.5 million in fiscal 2005. On a per share basis, fiscal 2006 net earnings were $1.70 vs. 65 cents in the 2005 fiscal year.
For the fourth quarter ended May 31, net earnings were $5.2 million compared to $3.1 million in the same stanza of 2005. Net earnings per share for fiscal 2006’s fourth quarter were 61 cents vs. 37 cents of the fourth quarter of fiscal 2005. This includes an after-tax gain of 3 cents per share on sale of vacant lane in Hemet, Calif.
For Skyline’s RV group, sales in fiscal ’06 were $132.1 million compared to $118.9 million in fiscal 2005. The RV group’s sales for fiscal 2006’s fourth quarter were $38.82 million compared to $31 million for last year’s fourth quarter.
2006 sales for Skyline’s manufactured housing group totaled $376.4 million compared to $335.4 million in ’05. The group’s fourth quarter sales totaled $97.4 million compared to $88.6 million in the comparable period of fiscal 2005.
The company, when contacted by RVBUSINESS.com, declined comment on its fourth-quarter and year-end results pending release of its 10-K report later this month.