> SUBSCRIBE FOR FREE! 

Skyline logoAccording to a company release, in the fourth quarter of fiscal 2015, Elkhart, Ind.-based Skyline Corp., a manufacturer of modular housing and park model RVs, reported:

  • Net sales from continuing operations of $49.6 million, an increase of 8% over net sales of $46 million in the year ago quarter.
  • Net loss from continuing operations of $149,000 which included a $243,000 gain on sale of idle property, plant and equipment. By comparison, a net loss of $1.67 million from continuing operations occurred in fourth quarter of fiscal 2014 which included a $244,000 gain on sale of idle property, plant and equipment.
  • A net loss from discontinued operations of $51,000 as compared to a net loss of $888,000 from discontinued operations in the fourth quarter of fiscal 2014.
  • Net loss of $200,000, or 2 cents per share, as compared to a net loss of $2.56 million, or 30 cents per share, in the fourth quarter of fiscal 2014.

For the fiscal 2015, Skyline reported:

  • Net sales from continuing operations of $187 million, an increase of 22% over net sales of $153 million from continuing operations in fiscal 2014.
  • A net loss from continuing operations of $4. 2 million, which included a $243,000 gain on sale of idle property plant and equipment. By comparison, a net loss of $7.3 million from continuing operations occurred in fiscal 2014, which included a $706,000 gain on sale of idle property, plant and equipment.
  • A net loss from discontinued operations of $6.2 million as compared to a net loss of $4.55 million from discontinued operations in fiscal 2014.
  • A net loss of $10.4 million, or $1.24 per share, as compared to a net loss of 11.86 million, or $1.41 per share, in fiscal 2014.

Founded in 1951 in Elkhart, Skyline is one of the nation’s largest factory-built and modular housing manufacturers. Skyline added an RV division in 1960 and, while the division was sold last year, continues to build park model RVs at six of its nine manufacturing facilities nationwide.