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2520 By-Pass Road
P.O. Box 743
Elkhart, Indiana 46515-0743
|Subject: FOURTH QUARTER REPORT||Approved by: JON S. PILARSKI|
ELKHART, INDIANA JULY 27, 2012
SKYLINE REPORTS FOURTH QUARTER AND YEAR-END RESULTS
Skylines net sales for the fourth quarter of fiscal year 2012 were $50,461,000 as compared to $48,103,000 in the fourth quarter of fiscal 2011. For fiscal 2012, net sales were $182,846,000 as compared to $162,327,000 in fiscal 2011.
Net sales for Skylines housing segment were $28,789,000 in the fourth quarter of fiscal 2012 as compared to $24,239,000 in the fourth quarter of fiscal 2011. For fiscal 2012, net sales for this segment were $109,157,000 as compared to $97,922,000 in fiscal 2011.
Net sales for Skylines recreational vehicle segment were $21,672,000 in fiscal 2012s fourth quarter as compared to $23,864,000 for the fourth quarter of fiscal 2011. For fiscal 2012, net sales for this segment were $73,689,000 as compared to $64,405,000 for the same period a year ago.
Fiscal 2012s fourth quarter net loss was $1,711,000 as compared to fiscal 2011s fourth quarter net loss of $4,064,000. Included in current years fourth quarter net loss was a $684,000 gain on the sale of idle property, plant and equipment. On a per share basis, net loss was $.21 as compared to a net loss of $.48 for the same period a year ago.
The net loss for fiscal 2012 was $19,365,000 as compared to $26,627,000 in fiscal 2011. Included in current years net loss was a $3,184,000 gain on the sale of idle property, plant and equipment. Net loss per share was $2.31 as compared to a net loss per share of $3.17 for the same period a year ago.
Skyline continues to maintain its traditionally strong balance sheet with no debt and a significant position of its working capital in cash and U.S. Treasury Bills. This financial strength, along with experienced employees and initiatives to increase revenues and reduce costs, should help the Corporation remain diligent for any challenges that may occur.
BRINGING AMERICA HOME. BRINGING AMERICA FUN.
The following information was filed by Skyline Champion Corp (SKY) on Friday, July 27, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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