Industry Links

RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Skyline Increases Net Sales in Second Quarter, Incurs Operations Loss

Mon Jan 16, 2017

ELKHART, Indiana - For the second quarter of fiscal 2017, Skyline Corporation has reported an increase of 9.4 percent in net sales, but incurred a loss in continuing operations.

Some of the highlights of the second quarter results include the following:

-Net sales from continuing operations of $64,226,000 is an increase of 9.4 percent over net sales of $58,684,000 from continuing operations in the year ago quarter.

-Loss from continuing operations of $595,000 as compared to income of $1,748,000 from continuing operations in the second quarter of fiscal 2016. Net income in the year ago quarter included a $250,000 payment on an account that had previously been fully reserved.

-No income or loss from discontinued operations as compared to a loss of $42,000 from discontinued operations in the second quarter of fiscal 2016.

-Net loss of $595,000 or $0.07 per share as compared to a net income of $1,706,000 or $0.20 per share in the second quarter of fiscal 2016.

-Skyline commenced operation of a new facility in June 2016 which contributed $4,168,000 of sales and incurred $4,718,000 of expenses in the current quarter.

For the first half of fiscal 2017, the corporation reported the following results:

-Net sales from continuing operations of $125,402,000, an increase of 16.7 percent over net sales of $107,426,000 from continuing operations in the year ago first half.

-Income from continuing operations of $149,000 as compared to income of $853,000 from continuing operations in the first six months of fiscal 2016. Net income in the year ago first half included a $250,000 payment on an account that had been previously reserved.

-No income or loss from discontinued operations as compared to income of $19,000 from discontinued operations in the first two quarters of fiscal 2016.

-Net income of $149,000 or $0.02 per share as compared to a net income of $872,000 or $0.10 per share in the first half of fiscal 2016.

-Skyline commenced operation of a new facility in June 2016 which contributed $6,254,000 of sales and incurred $7,535,000 of expenses in the first half of fiscal 2017.

"Our second quarter and year to date results were negatively impacted by higher than expected startup costs and general inefficiencies in our new facility," President and CEO Richard Florea says. "We also experienced higher labor costs associated with hiring and training employees to meet the demands of increased production in a number of our facilities. We are redoubling our efforts to bolster our cost control environment to ensure that our labor and material costs meet our expectations despite these challenges."