Skyline Corp. Reports Q4, Fiscal 2009 Results
Sales for the fourth quarter of Skyline Corp.’s 2009 fiscal year ending May 31 were $32.5 million, compared to $70.9 million last year, the company reported in a news release.
Sales for fiscal 2009 were $166.68 million, compared to $301.77 million a year earlier.
Net loss for the fourth quarter of fiscal 2009 was $2.36 million, compared to net earnings of $191,000 for the same period a year ago. Net loss for fiscal 2009 was $15.4 million, compared to a net loss of $5.56 million for fiscal 2008. Net loss per share for fiscal 2009 and fiscal 2008 includes a gain on the sale of idle property, plant and equipment.
For Skyline’s RV group, sales for fiscal 2009 were $42.7 million compared to $86.97 million of fiscal 2008. The RV group’s sales for fiscal 2009’s fourth quarter were $9.9 million compared to $25.4 million inthe fourth quarter of fiscal 2008.
The company also has filed its Form 10-K for the 2009 Fiscal Year. During the fiscal year, Skyline shipped 2,564 travel trailers, which represented 2.9% of the travel trailer market, while shipping 188 fifth-wheels for a 0.5% market share.
During the year, Skyline consolidated RV operations in Hemet, Calif., and Elkhart, Ind.