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Skyline Corp. reported a 20.9% increase in RV sales for the company’s fiscal first quarter, ended Aug. 31.
The Elkhart, Ind.-based builder of recreational vehicles and manufactured housing reported net income for the three-month period was $1.9 million compared to $2.3 million a year ago. The company said earnings included a gain on sale of vacant land.
Overall sales for the quarter dipped to $115.8 million from $118.3 million last year.
Skyline’s RV group recorded first-quarter sales of $31.3 million compared to $25.9 million the previous year. As a percentage of total sales, the RV group’s share rose from 22% a year ago to 27%.
Skyline said RV sales increased because of continued demand for travel trailers. Sales also rose as a result of an increase in a travel trailer’s average selling price.
In the RV segment, Skyline sells travel trailers, fifth wheels and park models.
The net loss from the RV segment during the quarter was $227,000 compared to a net loss of $1.8 million the year prior.