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Manufactured home and towable RV builder Skyline Corp. reported a net loss of $718,000 for the December-through-February period, although that was less than the $827,000 it lost during the same three-month period a year earlier.
Despite the loss for those three months, Skyline’s net income was up 15% for the nine months ended Feb. 29 to $3.4 million, compared with the $2.9 million a year earlier.
During third quarter of Skyline’s fiscal year 2003, which ended on Feb. 29, the company’s RV sales totaled $26.1 million, a 3% increase over the $25.4 million in sales in the same period a year ago.
During the nine months ended Feb. 29, RV sales declined 8% to $86.9 million, compared with $94.6 million a year earlier.
According to a Securities & Exchange Commission (SEC) document, Skyline’s manufactured housing sales increased 4% during the December-through-February period to $64.9 million, compared with $62.4 million a year earlier.
The company’s manufactured home sales increased 3% during the nine months ended Feb. 29 to $228.4 million, compared with $222.1 million during the same period a year earlier.