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 Reports 5 Percent Net Sales Increase in Fourth Quarter

Mon Aug 14, 2017

ELKHART, Ind. - For the fourth quarter of fiscal 2017, Skyline Corporation reported the following results:

-Net sales from continuing operations of $59.46 million, an increase of 5 percent over net sales of $56.65 million from continuing operations in the year ago quarter.
-In June 2016, Skyline commenced operation of a leased facility in Elkhart, Indiana which contributed $415,000 of net sales and incurred a loss of $478,000 in the current quarter.

-Income from continuing operations of $2.3 million as compared to income of $1.53 million from continuing operations in the fourth quarter of fiscal 2016. Included in current year income is a $1.28 million net gain on the sale of property, plant and equipment.

-No income or loss from discontinued operations as compared to a loss of $208,000 from discontinued operations in the fourth quarter of fiscal 2016.

-Net income of $2.3 million or $0.27 per share as compared to a net income of $1.33 million or $0.16 per share in the fourth quarter of fiscal 2016.

-For fiscal 2017, the corporation reported the following results:

"We are pleased to have returned to profitability in the fourth quarter, but our operating and financial performance continued to be adversely impacted by the Elkhart and Mansfield facilities," CEO Richard Florea says. "With those closures behind us, we are focusing our resources on driving profitable sales in our core business. We are encouraged by the overall demand for our products and manufactured housing in general."