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Skyline Corp. Reports Net Loss for Fiscal 2013

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August 15, 2013 by   Leave a Comment

Elkhart, Ind.-based Skyline Corp. recently reported a net loss for its full fiscal year on a 3% decline in sales.

Sales for the full year were $177.6 million compared to $182.8 million reported in the same period a year ago.

The company incurred a net loss of $10.5 million for the year as compared to a net loss of $19.4 million for fiscal 2012. On a per share basis, net loss was $1.25 compared to $2.31 for the comparable period a year ago.

Recreational vehicle sales declined 10% to $66. 5 million in fiscal 2013 from $73.7 million in fiscal 2012 while housing sales dipped 2% to $111.1 million from $109.157 million.

Other highlights for the year included:

• Two idle recreational vehicle facilities located in Hemet, Calif., were sold for a gain of $1.4 million.

• An idle manufactured housing facility located in Mocksville, North Carolina was sold for a gain of $230,000.

 

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