Travel-trailer, park-model and manufactured-housing producer Skyline Corp. reported higher earnings despite lower RV and manufactured-home sales revenue during the three months ended Aug. 31, according to the Elkhart Truth in Indiana.
The New York Stock Exchange-listed company’s RV sales revenue declined 12% to $31.1 million, compared with $35.4 million in the June-through-August portion of 2002.
Meanwhile, Skyline, which generates significant earnings from investments in short-term U.S. Treasury securities, also reported its manufactured home-related revenue declined 3% during the three months ended Aug. 31 to $78.5 million, compared with $81.1 million a year earlier.
Skyline’s earnings during the June-through-August period, the first quarter of its fiscal year 2004, increased 12% to $2.04 million, compared with $1.82 million a year earlier, the newspaper reported.