In the second quarter of fiscal 2016, Skyline Corp., a manufactured housing and park model builder, posted an 18% gain in revenue compared with the previous year.
The Elkhart Ind.-based company reported:
- Net sales from continuing operations of $58.7 million, an increase of 18% over net sales of $49.6 million in the year ago quarter.
- Net income from continuing operations of $1.7 million as compared to net income of $81,000 in the second quarter of fiscal 2015.
- Net loss from discontinued operations of $42,000 as compared to a net loss of $3.5 million in the second quarter of fiscal 2015.
- Net income of $1.7 million, or 20 cents per share as compared to a net loss of $3.44 million, or 41 cents per share, in the second quarter of fiscal 2015.
In the first half of fiscal 2016, results showed:
- Net sales from continuing operations of $107.4 million, an increase of 8% over net sales of $99.3 million in the year ago quarter.
- Net income from continuing operations of $853,000 as compared to a net loss of $1.1 million in the first half of fiscal 2015.
- Net income from discontinued operations of $19,000 as compared to a net loss of $6.1 million in the first half of fiscal 2015.
- Net income of $872,000, or 10 cents per share, as compared to a net loss of $7.2 million, or 86 cents per share, in the first half of fiscal 2015.
“We continue our focus on driving profitable sales in our business and we are pleased with the profitability we achieved in the quarter,” stated CEO Richard W. Florea. “At the same time, we remain fully committed to building long-term shareholder value through increasingly profitable sales.”
For a look at the full earnings release click here.
