Skyline Corp (SKY) SEC Filing 10-K Annual report for the fiscal year ending Sunday, May 31, 2015

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Skyline Champion Corp
Ticker: SKY CIK: 90896

Exhibit 99.1

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ELKHART, INDIANA — AUGUST 26, 2015

SKYLINE REPORTS FISCAL 2015 FOURTH QUARTER RESULTS

Results from Continuing Operations Include an 8% Increase in Net Sales and

Net Loss of $200,000

In the fourth quarter of fiscal 2015, Skyline reported:

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Net sales from continuing operations of $49,605,000, an increase of 8% over net sales of $46,040,000 from continuing operations in the year ago quarter.

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Net loss from continuing operations of $149,000 which included a $243,000 gain on sale of idle property, plant and equipment. By comparison, a net loss of $1,672,000 from continuing operations occurred in fourth quarter of fiscal 2014 which included a $244,000 gain on sale of idle property, plant and equipment.

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A net loss from discontinued operations of $51,000 as compared to a net loss of $888,000 from discontinued operations in the fourth quarter of fiscal 2014.

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Net loss of $200,000 or $0.02 per share as compared to a net loss of $2,560,000 or $0.30 per share in the fourth quarter of fiscal 2014.

For the fiscal 2015, Skyline reported:

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Net sales from continuing operations of $186,985,000, an increase of 22% over net sales of $153,080,000 from continuing operations in fiscal 2014.

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A net loss from continuing operations of $4,188,000 which included a $243,000 gain on sale of idle property plant and equipment. By comparison, a net loss of $7,307,000 from continuing operations occurred in fiscal 2014 which included a $706,000 gain on sale of idle property, plant and equipment.

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A net loss from discontinued operations of $6,226,000 as compared to a net loss of $4,557,000 from discontinued operations in fiscal 2014.

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A net loss of $10,414,000 or $1.24 per share as compared to a net loss of 11,864,000 or $1.41 per share in fiscal 2014.

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The following information was filed by Skyline Champion Corp (SKY) on Wednesday, August 26, 2015 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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