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Posts Tagged ‘Rich Florea’

Skyline Corp, Champion Homebuilders Conference Call Presentation Facts, Figures, Forward-Looking Statements, Planned Merger Detail$

January 25th, 2018 Comments off

BusinessCombinationSkylineChampionConferenceCallPowerPointDailyBusinessNewsMHProNews1.25.2018

A few minutes after 9 AM ET, the previously announced conference call between Skyline and Champion took place.

The call lasted about 30 minutes.

There was no Q & A after their presentation.

The presenters generally followed the information provided in their power point.  The meat of the presentation, minus the typical SEC disclaimers, is below.

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Note: some of the screen captures were cropped, but the data remains their same.

A transcript of the call is expected.

Previous Daily Business News reports on this planned merger are shown below.

What’s Happened Since the Skyline (SKY) Champion Homes Deal Was Announced? Plus MH Market Update$

Among the points made verbally where their anticipation of further M&A (mergers and acquisitions) opportunities.  They also pointed to more capital coming into the industry, specifically mentioning Fannie Mae and Freddie Mac beginning their FHFA approved start of chattel lending.

Last night’s closing numbers on Skyline, along with other manufactured home industry connected stocks, can be found at this link here.

MHProNews will continue to monitor this and other such developments for the industry.  ## (News, analysis, and commentary.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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.