Skyline Corp. experienced declines in sales of both recreational vehicles and manufactured housing for its fiscal 2007 second quarter, ending Nov. 30.
As a result, net earnings for the quarter were $625,000 compared to $4.5 million last year, the company reported. For the first half of fiscal 2007, net earnings were $2.5 million compared to $6.8 million a year ago.
Sales for Skyline’s second quarter were $94.8 million compared to $136.5 million the previous year while revenues for the first six months fell to $210.6 million from $254.8 million.
For the RV Group, sales fell 33% to $22.2 million compared to $33.1 million a year prior. Skyline noted that revenues for the second quarter of fiscal 2006 included approximately 580 units related to hurricane relief sold to independent dealers for approximately $5 million.
For the first six months of fiscal 2007, RV group sales fell 10% to $53.5 million from $59 million for the same period a year ago. RV sales decreased due to a softening in demand, particularly for travel trailers, Skyline said.
The company sold 1,416 RVs during the second quarter, down from 2,345 a year ago, while unit volume through the first half of the fiscal year dropped to 3,481 from 4,063.