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 Corporation Reports Third Quarter Net Sales Increase

Mon Apr 17, 2017

ELKHART, Indiana - For the third quarter of fiscal 2017, Skyline Corporation reported an increase of 8.3 percent in net sales over 2016, but also incurred some losses in the current quarter.

-Net sales from continuing operations of $51.64 million, an increase of 8.3 percent over net sales of $47,697,000 from continuing operations in the year ago quarter. In June 2016, Skyline commenced operation of a leased facility in Elkhart, Indiana which contributed $4.3 million of net sales and incurred a loss of $323,000 in the current quarter.

-Loss from continuing operations of $2,447,000 as compared to a loss of $514,000 from continuing operations in the third quarter of fiscal 2016. Operating results were adversely affected by increased manufacturing labor costs associated with hiring and training employees at facilities which are increasing production output. In addition, newly-hired, inexperienced employees contributed to an increase in higher workers' compensation and warranty costs for the period.

-No income or loss from discontinued operations as compared to a loss of $6,000 from discontinued operations in the third quarter of fiscal 2016.

-Net loss of $2,447,000 or $0.29 per share as compared to a net loss of $520,000 or $0.06 per share in the third quarter of fiscal 2016.

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

-Net sales from continuing operations of $177,042,000, an increase of 14.1 percent over net sales of $155,123,000 from continuing operations in the year ago first three quarters. Net sales attributable to the Elkhart facility during this period were $10,554,000 while losses at the Elkhart operations were $1,605,000.

-Losses from continuing operations of $2,298,000 as compared to income of $339,000 from continuing operations in the first nine months of fiscal 2016. Similar to the third quarter, operating results were adversely affected by increased manufacturing labor costs associated with hiring and training employees at facilities which are increasing production output. In addition, newly-hired, inexperienced employees contributed to an increase in higher workers' compensation costs for the period. Net income in the year ago first three quarters 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 $13,000 from discontinued operations in the first nine months of fiscal 2016.

Net loss of $2,298,000 or $0.27 per share as compared to a net income of $352,000 or $0.04 per share in the first three quarters of fiscal 2016.

"While we are disappointed with our performance in the third quarter, our recent decision to close two underperforming plants will eliminate the persistent losses that they have incurred," Skyline President and CEO Richard Florea says. "The closure of these facilities will permit us to reallocate resources to focus on improving the profitability of our remaining plants."