Skyline Corp. reports its RV-related pre-tax earnings more than tripled while its RV-related sales revenue declined 12% for the three months ended Aug. 31, the company stated in a Securities & Exchange Commission (SEC) document.
Skyline, which builds travel trailers, fifth-wheels and park models, reports its RV-related pre-tax earnings totaled $457,000 in the June-through-August period, compared with $127,000 earned pre-tax in the same portion of 2002.
Meanwhile, the New York Stock Exchange-listed company’s RV-related sales for the three months ended Aug. 31, the first quarter of its 2004 fiscal year, fell 12% to $31.1 million, compared with $35.4 million a year earlier.
However, Skyline reported its total net earnings increased 12% in its first fiscal quarter to $2 million because its pre-tax manufactured housing-related earnings increased 9% to $3.6 million, despite the fact its manufactured housing-related sales declined 3% in the period to $78.5 million.