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Industry Center - Manufactured Housing
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Industry Market Summary
Manufactured Housing
Composite Value: 551.5
Today's Change: 0.00%
S&P 500: +1.23%
chart for
[Manufactured Housing (^YHOh811)]
Manufactured Housing News
Skyline Completes Sale of its Recreational Vehicle Business
Fri Oct 10 (PR Newswire)
ELKHART, Ind., Oct. 10, 2014 /PRNewswire/ -- Skyline Corporation ("Skyline" or the "Company") has completed the sale of certain assets associated with its Recreational Vehicle ("RV") segment to Evergreen Recreational Vehicles, LLC ("Evergreen"). The transaction was completed pursuant to the terms of an Asset Purchase Agreement entered into between the two companies on October 7, 2014, as well as the terms of a Real Property Purchase Agreement entered into on that same date between Skyline and an affiliate of Evergreen, Skyline RE Holding LLC, relating to the purchase of an RV manufacturing facility located in Bristol, Indiana. The cash sales price for the RV business and real estate, which Skyline received at closing, totaled approximately $981,000. In addition, Evergreen has the right, but not the obligation, to purchase approximately $1.6 million of raw material inventory on-hand at 50 percent of Skyline's cost. "Today's announcement reflects our Board's and management team's commitment to executing on the Company's strategic plan and driving long-term shareholder value," said Bruce G. Page, Skyline's president and chief executive officer. "We believe this transaction with Evergreen is aligned with our strategic value-creation objectives and is in the best interest of shareholders. We will continue to focus on driving profitable growth and serving customers in our core business of manufactured housing, where we see substantial opportunities for the future."
Skyline Corporation Comments On Its Ongoing Evaluation Of Strategic Initiatives - (PR Newswire)
Nobility Homes, Inc. Announces Increase in Sales and Earnings for Its Third Quarter 2014 - (GlobeNewswire)
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Industry Top Performers
Intraday Price Performance% ChangeMarket Cap
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Market Capitalization% ChangeMarket Cap
Skyline Corporation Common Stoc [SKY] 0.00% $31.7 M
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Industry Calendar
Recent Events
Date Co Event
10/08/10 SKY Skyline Corporation Common Stoc downside earnings surprise (-50.00%)
08/06/10 SKY Skyline Corporation Common Stoc upside earnings surprise (+55.00%)
04/02/10 SKY Skyline Corporation Common Stoc upside earnings surprise (+3.33%)
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Industry Statistics
Market Capitalization:31M
Price / Earnings:NM
Price / Book:3.0
Net Profit Margin (mrq):0.4%
Price To Free Cash Flow (mrq):49.1
Return on Equity:0.7%
Total Debt / Equity:54.3
Dividend Yield:0.0%
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