Major Loss For Skyline Champion

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ELKHART -

Elkhart-based Skyline Champion Corp. (NYSE: SKY) is reporting a fiscal second quarter net loss of $77 million, compared to net income of $7.4 million during the same period last year. The company says the loss was driven by an increase in expenses related its merger with Champion Enterprises Holdings LLC, which was completed in June.

The factory-built housing company says net sales for the quarter increased 37 percent to $355.4 million. Chief Executive Officer Keith Anderson calls the quarter "another strong period" for the company, which benefited from a healthy market and increased demand.

"I am encouraged by the results we are seeing and the progress that we have made toward achieving synergies from the combined businesses," said Anderson. "As we look forward, demand for manufactured homes remains healthy and Skyline Champion is strategically adding capacity to meet the needs of the market."

You can connect to the full earnings report by clicking here.

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