Recreational vehicle and manufactured housing builder Skyline Corp. reported a net loss for the Elkhart, Ind.-based company’s third fiscal quarter, ended Feb. 28, impacted by additional expenses associated with the idling of an RV manufacturing facility.
For the quarter, revenues increased 5.4% to $96.2 million – including $26.4 million in RV sales on shipments of 1,660 units – compared with $91.2 million the previous year. The company recorded a net loss of $1.3 million for the three-month period versus a net loss of $1.4 million last year.
Skyline’s revenues for the first nine months were up nearly 6% to $334.8 million from $316.4 million a year ago while earnings fell to $2.3 million compared with $4.7 million. RV sales during the period were relatively flat at nearly $88 million.
According to Skyline, “increased costs of material, workers compensation and warranty negatively impacted operating earnings for both segments” during the first nine months.