Exhibit 99.1

 

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   NEWS RELEASE
   Skyline Corporation
   2520 By-Pass Road
   P.O. Box 743
   Elkhart, Indiana 46515-0743
   (574) 294-6521
Subject: FOURTH QUARTER REPORT    Approved by: JON S. PILARSKI                

 

 

ELKHART, INDIANA — AUGUST 22, 2014

SKYLINE REPORTS RESULTS FOR FOURTH QUARTER AND YEAR END

Skyline’s net sales for the fourth quarter of fiscal year 2014 were $57,701,000 as compared to $48,832,000 in the fourth quarter of fiscal 2013. For fiscal 2014, net sales were $191,730,000 as compared to $177,574,000 for fiscal 2013.

Net sales for Skyline’s housing segment were $43,629,000 in the fourth quarter of fiscal 2014 as compared to $29,533,000 in the fourth quarter of fiscal 2013. For fiscal 2014, net sales were $145,864,000 as compared to $111,104,000 in fiscal 2013.

Net sales for Skyline’s recreational vehicle segment were $14,072,000 in fiscal 2014’s fourth quarter as compared to $19,299,000 in the fourth quarter of fiscal 2013. For fiscal 2014, net sales were $45,866,000 as compared to $66,470,000 for the same period a year ago.

Skyline reported a net loss of $2,560,000 in the fourth quarter of fiscal 2014 as compared to net income of $45,000 in the fourth quarter of fiscal 2013. On a per share basis, net loss was $.30 as compared to net income of $.01 for the same period a year ago. For fiscal 2014, net loss was $11,864,000 as compared to a net loss of $10,513,000 for a year ago. Net loss per share was $1.41 as compared to a net loss per share of $1.25 for the same period a year ago. Included in current year’s pretax loss was a gain on the sale of idle property, plant and equipment of $244,000 and $706,000 for the fourth quarter and year, respectively. Likewise, prior year’s pretax loss for the fourth quarter and year included a $230,000 and $1,641,000 gain on the sale of idle property, plant and equipment, respectively.

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BRINGING AMERICA HOME. BRINGING AMERICA FUN.


The following information was filed by Skyline Champion Corp (SKY) on Friday, August 22, 2014 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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