Skyline Corp. Profit Falls For The Year
The news wasn't all bad for Skyline, which also reporting fiscal fourth quarter net income of $2.3 million, up from $1.3 million during the same quarter in 2016.
"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," said CEO Richard Florea. "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."