ELKHART, Ind., Oct. 13, 2016 /PRNewswire/ -- For the first quarter of fiscal 2017, Skyline Corporation (NYSE MKT: SKY) ("Skyline" or the "Corporation") reported the following results:
- Net sales from continuing operations of $61,176,000, an increase of approximately 26% over net sales of $48,742,000 from continuing operations in the year ago quarter.
- Income from continuing operations of $744,000 as compared to a loss of $895,000 from continuing operations in the first quarter of fiscal 2016.
- No income or loss from discontinued operations as compared to income of $61,000 from discontinued operations in the first quarter of fiscal 2016.
- Net income of $744,000 or $0.09 per share as compared to a net loss of $834,000 or $0.10 per share in the first quarter of fiscal 2016.
"Our continued focus on growing sales and improving margins through disciplined operations generated favorable year-over-year results in the quarter," commented President and Chief Executive Officer, Richard Florea. "While we are pleased with the progress we are making, we are committed to capitalizing on the opportunities we have."