Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $3.10 USD
Change Today -0.1672 / -5.12%
Volume 1.0K
SKY On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 10:51 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

skyline corp (SKY) Snapshot

Open
$3.17
Previous Close
$3.27
Day High
$3.17
Day Low
$3.10
52 Week High
08/6/14 - $4.79
52 Week Low
09/15/14 - $2.50
Market Cap
26.0M
Average Volume 10 Days
3.0K
EPS TTM
$-1.11
Shares Outstanding
8.4M
EX-Date
01/6/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SKYLINE CORP (SKY)

skyline corp (SKY) Related Bloomberg News

View More Bloomberg News

skyline corp (SKY) Related Businessweek News

No Related Businessweek News Found

skyline corp (SKY) Details

Skyline Corporation, together with its subsidiaries, designs, produces, and markets manufactured housing, modular houses, and recreational vehicles to independent dealers and manufactured housing communities in the United States and Canada. The company’s manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs. Its recreational vehicles comprise travel trailers and fifth wheels offered under the Aljo, AlumaSky, Ecocamp, Koala, Super Lite, Layton, Nomad, Park Villa, Retro, Skycat, Walkabout, and Weekender trade names; and park models under the Cabin Series, Cedar Cove, Kensington, Shore Park Homes, Stone Harbor, and Vacation Villa trade names. The company markets its manufactured and modular housing to suburban and rural areas of the continental United States and Canada. Skyline Corporation markets its recreational vehicles primarily to vacationing families, traveling retired couples, and sports enthusiasts pursuing four-season hobbies. The company was founded in 1951 and is headquartered in Elkhart, Indiana.

1,300 Employees
Last Reported Date: 08/22/14
Founded in 1951

skyline corp (SKY) Top Compensated Officers

Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $225.0K
Vice President of Marketing & Sales
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

skyline corp (SKY) Key Developments

Skyline Corporation Announces Management Changes

Skyline Corporation announced the board of directors has named Richard W. Florea as President and Chief Executive Officer and appointed him to the board of directors effective July 27, 2015. The company also announced that Bruce G. Page who previously was President, Chief Executive Officer and a Director is no longer with the company. Florea, 52, has more than 27 years of experience with manufacturing companies, mostly in the recreational vehicle and truck industries. Most recently, he was President and Chief Operating Officer for Truck Accessories Group, LLC.

Skyline Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

Skyline Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported net sales from continuing operations of $38,109,000 against $30,169,000 a year ago. Loss from continuing operations, net of taxes was $2,911,000 against $3,906,000 a year ago. Net loss was $2,997,000 against $5,712,000 a year ago. Basic loss per share was $0.36 against $0.68 a year ago. For the nine months, the company reported net sales from continuing operations of $137,380,000 against $107,040,000 a year ago. Loss from continuing operations, net of taxes was $4,039,000 against $5,635,000 a year ago. Net loss was $10,214,000 against $9,304,000 a year ago. Basic loss per share was $1.22 against $1.11 a year ago.

Skyline Corporation, Homette Corporation, Layton Homes Corp. and Skyline Homes, Inc. Enter into Loan and Security Agreement with First Business Capital Corp

On March 20, 2015, Skyline Corporation (Skyline or the Company) and its wholly-owned subsidiaries Homette Corporation (Homette), Layton Homes Corp. (Layton), and Skyline Homes Inc. (Homes, and together with Skyline, Homette, and Layton, the Borrowers and each a Borrower) entered into a Loan and Security Agreement (the Loan Agreement) with First Business Capital Corp. (First Business Capital). Under the Loan Agreement, First Business Capital will provide a secured revolving credit facility to the Borrowers for a term of three years, renewable on an annual basis thereafter with each renewal for a successive one-year term. The Borrowers may obtain loan advances up to a maximum of $10,000,000 subject to certain collateral-obligation ratios. In addition, loan advances bear interest at 3.75% in excess of The Wall Street Journal’s published one year LIBOR rate, and are secured by substantially all of the Borrowers’ assets, now owned or hereafter acquired. Interest is payable monthly, in arrears, and all principal and accrued but unpaid interest is due and payable upon termination of the Loan Agreement. Also under the Loan Agreement, First Business Capital agreed to issue, or cause to be issued by a bank affiliate or other bank, letters of credit for the account of the Borrowers. However, no advances have yet been made in connection with such letters of credit. As part of the financing, the company paid First Business Capital a facility fee of $150,000 at closing, and also agreed to pay the following fees to First Business Capital during the term of the facility: (i) annual facility fees of $50,000; (ii) an unused line fee payable in arrears at the rate of 0.25% per annum on the average daily unused amount of the facility during the prior calendar month; (iii) monthly bank assessment fees equal to 0.25% per annum of the maximum loan amount; (iv) certain overadvance fees (currently $1,000 per day) in the event outstanding obligations and letter of credit liabilities under the facility exceeds the amount permitted under the Loan Agreement; and (v) monthly letter of credit fees payable in arrears at the rate of 0.25% on the outstanding amount of letters of credit issued and outstanding during the prior month.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SKY:US $3.10 USD -0.1672

SKY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cavco Industries Inc $72.90 USD -0.18
Deer Valley Corp $0.35 USD -0.10
Liberty Homes Inc $0.02 USD 0.00
Nobility Homes Inc $9.85 USD 0.00
Thor Industries Inc $55.62 USD -0.26
View Industry Companies
 

Industry Analysis

SKY

Industry Average

Valuation SKY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SKYLINE CORP, please visit www.skylinecorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.