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Posts Tagged ‘park models’

Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr.

July 6th, 2016 Comments off

skyline logo credit skyline corpSkyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager, and comes over from a recreational vehicle manufacturer.

I look forward to returning to the team at Skyline and building upon the progress that is taking place,” he said.

Rich Florea, Skyline’s President and CEO said, “Scott has a great history in our industry and has been a successful leader in developing sales strategies and delivering top line results.”

In financial issues, the company announced alterations to its Loan and Security Agreement with First Business Capital Corp. dated March 20, 2015, which includes “an increase in the capital expenditure limit for the fiscal year ending May 31, 2017 from $800,000 in the aggregate to $1,500,000 in the aggregate. In the absence of any subsequent amendment, the capital expenditure limit for subsequent fiscal years shall remain at $800,000 in the aggregate per fiscal year.”

Skyline designs and builds manufactured and modular housing and park models at its ten manufacturing facilities in nine states. Net sales in 2015 were $186.9 million.

MHProNews includes Skyline in its daily stock report, as shown here for Tue., July 5, 2016. ##

(Image credit: Skyline Corp.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver and posted to Daily Business News-MHProNews.

Skyline Corp. Director Purchases 5,000 Shares

February 12th, 2016 Comments off

skyline logo  credit skyline corpMHProNews has learned from financial-market-news that Skyline Corp. (NYSE:SKY) Director John C. Firth purchased 5,000 shares of company stock Feb. 5, according to a disclosure filed with the Securities and Exchange Commission (SEC).

Acquired at an average cost of $4.16 per share for a total transaction of $20,800, the director now owns 10,500 shares in the company valued at $43,680.

The company’s 50-day moving average is $3.98 and 200-day moving average is $3.40. Skyline has a 52-week high of $5.00 and a 52-week low of $2.17. The company’s market cap is $32.98 million. The company closed up +1.26 percent at $4.01 on Fri., Feb. 12.

Skyline produces manufactured homes, modular homes and park models and distributes them nationwide. ##

(Image credit: Skyline Corp.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cavco Bests Analysts by $0.09 EPS

January 29th, 2016 Comments off

Cavco-Wedge cabin rvdailyreport comMHProNews has learned from analystratingreport that Cavco Industries, Inc., reported $0.89 earnings per share (EPS) for its third quarter fiscal year 2016, beating the analyst consensus by $0.09 EPS. The company’s revenue of $181.40 million for the quarter also beat analysts estimates of $174.10 million.

Compared to the same quarter last year, revenue was up 23.5 percent, while earnings per share in the comparable quarter were $0.65 EPS.

In trading Fri., Jan. 29., Cavco shares posted up +5.83 percent at $83.86.

Cavco has a market cap of $705 million with outstanding shares totaling 8,902,576. The company’s stock has a 52-week high of $106.55 and a 52-week low of $64.54.

Headquartered in Phoenix, AZ, Cavco produces manufactured and modular homes as well as park models and systems-built commercial structures, distributed through a network of independent and company-owned retailers, planned community operators and residential developers. ##

(Photo credit:rvdailyreport–wedge cabin by Cavco Industries)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cavco to Release Quarterly Financials Jan. 27

January 25th, 2016 Comments off

cavco-lapsiding-manufactured-homeCavco Industries, Inc. (NASDAQ:CVCO) is set to announce its earnings results for the most recent quarter on Wed., Jan. 27, 2016, with analysts expecting the company to announce $0.80 earnings per share (EPS), according to emqtv. The company last released its quarterly financials on Thurs., Oct. 29, 2015 reporting EPS of $0.89 for the quarter, beating the Zacks consensus by $0.14 EPS.

The revenue for that quarter was 37.8 percent higher than the comparable quarter of a year earlier, and beat analysts estimates by 12 percent, which in turn caused the stock to spike.

Analysts expect Cavco to report EPS of $3.05 the current fiscal year and $4.00 for the next FY.

MHProNews understands Cavco is one of the largest producers of manufactured homes in the United States, and also manufactures park model homes, vacation cabins, modular homes and systems-built commercial structures. The company offers financing and insurance to purchasers of homes. ##

(Image credit: Cavco Industries, Inc.–lapsided home)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Skyline Reports Earnings Per Share Increase

January 15th, 2016 Comments off

skyline logo  credit skyline corpMHProNews has learned from zolmax that in its most recent quarterly financials, Skyline Corp. reports it earned +0.20 earning per share (EPS), well above the -0.41 it reported for the comparable quarter last year. No other quarterly reporting financial information was immediately available.

Skyline has a 52-week low of $2.17 and a 52-week high of $4.30. Market capitalization is $34.40 million, and the company has a 50-day moving average price of $3.30 and a 200-day moving price of $3.22. In trading Thurs., Jan. 14, the stock closed up +11.77 percent at $4.20, ten cents below it’s 52-week high.

Headquartered in Elkhart, Indiana, Skyline produces HUD Code manufactured homes, modular housing and park models. The company begin producing factory-built homes in 1951. ##

(Image credit: Skyline Corp.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cavco CEO Sells Block of Company Stock

December 2nd, 2015 Comments off

Cavco-Wedge  cabin  rvdailyreport comMHProNews has learned from analystratings the CEO and president of Cavco Industries, Inc., Joseph Stegmayer, sold shares of the company for $1.86 million. The stock climbed 48.7 percent after Stegmayer’s last sell transaction on May 21, 2012.

As MHProNews reported Oct. 30, 2015 on our daily stock report, Cavco’s stock spiked +19.15 percent, +15.85 points, to close at $98.60, following the latest quarterly earnings report Sept. 30 that the company’s net income rose to $8.1 million for Q2 2016 from $5.5 million for the comparable quarter 2015.

Revenue increased from $139.3 million in Q2 2015 to $192 million for the quarter ending Q2 2016, a gain of 37.8 percent.

Cavco stock has a 52-week high of $106.55 and a 52-week low of $64.54; the market cap is $824 million, and the P/E ratio is 32.1 percent.

Blogger coverage of the company indicates there is a 100 percent bullish tendency on the stock, as compared to a 67 percent bullish tendency within the conglomerates sector.

From its headquarters in Phoenix, Arizona, Cavco designs and produces manufactured homes as well as modular homes, park models, vacation cabins and commercial structures. ##

(Photo credit: Cavco Industries, Inc.-Wedge Cabin)

matthew-silver-daily-business-news-mhpronews-comArticle submitted  by Matthew J. Silver to Daily Business News-MHProNews.

Insider Trading at Skyline Corp.

October 24th, 2015 Comments off

skyline logo  credit skyline corpMHProNews has learned from dakotafinancialnews that Richard W. Florea, CEO of Skyline Corp. (NYSE:SKY) purchased 10,000 shares of company stock in a transaction dated Oct. 21, 2015, according to a filing with the Securities and Exchange Commission (SEC). He acquired the stock at an average price of $2.99 per share, for a net of $29,900, and currently owns 11,000 shares.

In trading Friday, Oct. 23, Skyline gained +6.52 percent, more than any of the other MH-related stocks we track, to close out the week at $3.43. The stock has a 50-day moving average of $2.92 and a 200-day moving average of $3.19. The 52-week low for the stock is $2.17 and the 52-week high is $4.30. Market cap for Skyline is $27.02 million.

Skyline produces and markets manufactured and modular homes as well as Park Models and recreational vehicles from its headquarters in Elkhart, Indiana, where it was founded in 1951. ##

(Image credit: Skyline Corp.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.)

Skyline Corp. Reports Q4 and Fiscal Year 2015 Financials

August 27th, 2015 Comments off

skyline_corporation_homeFourth quarter 2015 financial results for Skyline Corp (NYSE:SKY) indicate net sales from continuing operations increased eight percent over the same period last year, $49,605,000 over $46,040,000, resulting in a net loss of $149,000 versus a net loss the previous fiscal year Q4 of $1,672,000, according to prnewswire. The 2015 quarter included a net gain of $243,000 from the sale of unused property and equipment; the 2014 figures included a net gain of $244,000 on unused property and equipment.

Financial results for the fourth quarter 2015 also include a net loss from discontinued operations of $51,000 versus a net loss of $888,000 from discontinued operations in the comparable period of 2014. Net loss of $200,000 equaled $.02 per share versus a net loss of $2,560,000 or $.30 per share in the fourth quarter 2014.

For fiscal 2015 net sales of $186,950,000 were 22 percent over 2014’s $153,800,000 net sales from continuing operations. The net loss for fiscal year 2015 was $4,188,000 versus 2014’s net loss of $7,307,000. The figures from 2015 include a gain of $243,000 from the sale of equipment; the 2014 figures include a $706,000 gain from the sale of unused property and equipment.

For fiscal 2015, Skyline reports a net loss of $10,414,000, or $1.24 per share, versus a net loss of $11,864,000 or $1.41 per share for FY 2014.

As MHProNews knows, Skyline produces manufactured and modular homes and park models. ##

(Photo credit: Skyline Corp.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cavco Industries Reports Financials for First Fiscal Quarter of 2016

August 6th, 2015 Comments off

cavco-lapsiding-manufactured-homeIn its report of first quarter 2016 financial results, Cavco Industries, Inc. (NASDAQ:CVCO) says net income per share, based on basic and diluted weighted average shares outstanding, was $0.61 and $0.60 respectively, as compared to $0.65 and $0.64 for the same quarter 2014.

According to cnnmoney, net revenue for Q1 2016 was $161.7 million, an increase of 16.2 percent over the $139.2 million reported in the comparable period of 2015. The increase is attributed to sales resulting from Cavco’s acquisitions of Chariot Eagle and Fairmont Homes this year, both of which are manufactured home (MH) producers. In addition, both Chariot and Fairmont manufacture Park Model recreational vehicles (RVs); Fairmont produces modular homes as well.

Income before taxes was $8.6 million for Q1 2016, a $0.3 million drop from the $8.9 million reported in Q1 2015, largely due to the manufactured home insurance subsidiary’s claims generated by the excessive storms in Texas. Rainfall in the first six months of 2015 was 80 percent higher than normal, marking the wettest year-to-date. Net income dropped slightly from $5.8 million in the previous year’s first quarter to $5.4 million Q1 2016.

Joseph Stegmayer, Chairman, President and Chief Executive Officer said, “We continue to be excited about the opportunities these businesses (Fairmont and Chariot) bring to our family of companies and expect future revenue and earnings growth as the integration process continues. The financial services segment’s earnings were significantly impacted this quarter by unpredictably high insurance claims activity.

Mr. Stegmayer concluded, “The Company has expanded to provide a broad range of systems-built housing solutions in most of the key market regions in the United States and Canada. Meanwhile, Cavco has maintained a solid financial structure to support continued growth. While the manufactured housing industry is still faced with challenging economic and regulatory conditions, we believe that our organization is well positioned in the current environment as well as for the longer term.

As MHProNews knows, Cavco is the second largest producer of manufactured and modular homes in the nation. ##

(Image credit: Cavco Industries, Inc.–Cavco lapsided home)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Champion to Partner with Winnebago for RV Park Models

April 1st, 2015 Comments off

park_model_rv_by_champion_home_buildersManufactured and modular home (MH) and Park Model recreational vehicle (RV) producer Champion Home Builders, Inc. has entered into a licensing agreement with RV maker Winnebago Industries, Inc. (NYSE:WGO) to manufacture a line of Park Model RVs.

Champion will introduce the first Park Model RV at Winnebago’s Dealer Days in Las Vegas this April, as cnnmoney informs MHProNews. The models will be sold at Winnebago dealers and at Park Model RV dealerships in the U. S. and Canada.

We are very excited about this unique licensing opportunity and see the Park Model RV business as a natural extension of our Winnebago brand,” says Chad Reece, Director of Marketing at Winnebago. Dick Grymonprez, Director of Park Model Sales at Champion Home Builders, says, “Champion’s Winnebago branded products will provide our customers with the quality and affordable design choices they want when creating their dream vacation home.

One of the largest manufacturers of factory-built homes and buildings for residential and commercial use, Champion was founded 60 years ago, and employs over 4,400 people at its 30 facilities in the U. S., Canada and the United Kingdom. ##

(Photo credit: Champion Home Builders–Park Model RV)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.