The report also reveals a net loss from continuing operations of $514,000, much lower than the loss of $2,911,000 in Q3 2015.
The net loss per share of $0.06 for this most recent quarter compares favorably to a loss of $0.36 per share for Q3 2015.
For the first three quarters of 2016, as compared to same period last year, Sky is becoming Sunnier:
Net sales have increased 13 percent to $155,123,000;
Net income from operations is at $339,000 compared to net loss of $4,039,000;
Net income from discontinued operations of $13,000 vs last year’s loss of $6,175,000;
and Net income of $352,000 or $0.04 per share as compared to a net loss of $10,214,00 or -$1.22 per share for the same time period of 2015.
President and Chief Executive Officer Richard Florea said, “Our quarterly results represent a significant improvement over the prior year’s third quarter performance. We are pleased, but not yet satisfied, with the progress we have made in our operational improvement initiatives. Our top line continues to improve and we saw sales growth both with our community partners and our independent retailers.”
Skyline Corp. is headquartered in Elkhart, Indiana. ##
(Photo credit: Skyline Corp.)
