RV Investor

RV Stocks and Industry News

 

   

 

Skyline Corporation (NYSE: SKY) Snapshot

Updated September 18, 2011

 

 

Company Profile

Skyline Corporation, a producer of manufactured housing, modular housing and recreational vehicles (RVs), is headquartered in Elkhart, Indiana and has operating divisions from coast to coast. Skyline shares were first publicly traded in 1960. In RVs, Skyline focuses on towable products: travel trailers, fifth wheel travel trailers and park models.

Since its founding in 1951, Skyline has built approximately 900,000 homes and 490,000 RVs. Sales over the years total approximately $17 billion. Skyline products are marketed in the United States and Canada through independent dealers and manufactured housing communities.

 

Consolidated Charting

 

Consolidated Statements
  Quarter Ending  
SKY Income Statement Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11  
  Aug-09 Nov-09 Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 ttm
Revenue  ssssss
    35,874
    34,246     25,415     40,695     45,827     36,621     31,776     48,103   162,327
Cost of Goods Sold ssssss
    35,597
    33,180     26,236     36,387     44,080     37,244     33,494     45,707   160,525
Gross Margin          277       1,066        (821)       4,308       1,747        (623)     (1,718)       2,396       1,802
As a % of Sales 0.8% 3.1% -3.2% 10.6% 3.8% -1.7% -5.4% 5.0% 1.1%
                   
Operating Expenses                  
R&D               -               -               -               -               -               -               -               -               -
SG&A ssssss
      6,426
      7,609       6,282       5,883       7,830       7,151       7,039       6,470     28,490
Non Recurring                -               -               -               -               -               -               -               -               -
Others  ssssssssss
              -
              -               -               -               -               -               -               -               -
Operating Expenses        6,426       7,609       6,282       5,883       7,830       7,151       7,039       6,470     28,490
As a % of Sales 17.9% 22.2% 24.7% 14.5% 17.1% 19.5% 22.2% 13.5% 17.6%
  ss                
Operating Income     (6,149)     (6,543)     (7,103)     (1,575)     (6,083)     (7,774)     (8,757)     (4,074)   (26,688)
As a % of Sales -17.1% -19.1% -27.9% -3.9% -13.3% -21.2% -27.6% -8.5% -16.4%
                   
Income from Continuing Operations                  
Total Other Income/Expenses Net  ssssss
           36
         421       1,549            13            18            18            15            10            61
Earnings Before Interest And Taxes      (6,113)     (6,122)     (5,554)     (1,562)     (6,065)     (7,756)     (8,742)     (4,064)   (26,627)
Interest Expense                -               -               -               -               -               -               -               -               -
Income Before Tax      (6,113)     (6,122)     (5,554)     (1,562)     (6,065)     (7,756)     (8,742)     (4,064)   (26,627)
Income Tax Expense  ssssss
    (2,206)
    (2,314)     (1,857)     16,019               -               -               -               -               -
Minority Interest                -               -               -               -               -               -               -               -               -
Net Income From Continuing Ops      (3,907)     (3,808)     (3,697)   (17,581)     (6,065)     (7,756)     (8,742)     (4,064)   (26,627)
  sss                
Non-recurring Events                  
Discontinued Operations                -               -               -               -               -               -               -               -               -
Extraordinary Items                -               -               -               -               -               -               -               -               -
Effect Of Accounting Changes                -               -               -               -               -               -               -               -               -
Other Items                -               -               -               -               -               -               -               -               -
Net Income      (3,907)     (3,808)     (3,697)   (17,581)     (6,065)     (7,756)     (8,742)     (4,064)   (26,627)
Preferred Stock And Other Adjustments                -               -               -               -               -               -               -               -               -
Net Income Applicable To Common Shares      (3,907)     (3,808)     (3,697)   (17,581)     (6,065)     (7,756)     (8,742)     (4,064)   (26,627)
As a % of Sales -10.9% -11.1% -14.5% -43.2% -13.2% -21.2% -27.5% -8.4% -16.4%
                   
EBITDA sssssssss