8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 7, 2011

SKYLINE CORPORATION

(Exact name of registrant as specified in its charter)

Indiana	1-4714	35-1038277
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P. O. Box 743, 2520 By-Pass Road Elkhart, IN	46515
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (574) 294-6521

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On October 7, 2011, Skyline Corporation issued a news release reporting the financial results of the first fiscal quarter ended August 31, 2011. A copy of the news release is attached to this Current Report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits:
99.1	News release of Skyline Corporation dated October 7, 2011

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on its behalf by the undersigned hereunto duly authorized.

	SKYLINE CORPORATION
Date: October 7, 2011
	By:	/s/ Jon S. Pilarski
		Jon S. Pilarski
		Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated October 7, 2011

EX-99.1

Exhibit 99.1

NEWS RELEASE

Skyline Corporation
2520 By-Pass Road
P.O. Box 743
Elkhart, Indiana 46515-0743
(574) 294-6521

Subject: FIRST QUARTER REPORT Approved by: JON S. PILARSKI

ELKHART, INDIANA — OCTOBER 7, 2011

SKYLINE REPORTS FIRST QUARTER RESULTS

Skyline’s net sales for the first quarter of fiscal year 2012 were $50,284,000 as compared to $45,827,000 in the first quarter of fiscal 2011.

Net sales for Skyline’s housing segment were $29,143,000 in the first quarter of fiscal 2012 as compared to $30,629,000 in the first quarter of fiscal 2011.

Net sales for Skyline’s recreational vehicle segment were $21,141,000 in fiscal 2012’s first quarter as compared to $15,198,000 for the first quarter of fiscal 2011.

Fiscal 2012’s first quarter loss before income taxes was $6,845,000 as compared to fiscal 2011’s first quarter loss before income taxes of $6,065,000.

The Corporation continues to maintain a full valuation allowance for deferred tax assets, and as a result had no benefit from income taxes from its current period loss.

Skyline reported a net loss of $6,845,000 in the first quarter of fiscal 2012 as compared to a net loss of $6,065,000 in the first quarter of fiscal 2011. On a per share basis, net loss was $.82 as compared to a net loss of $.72 for the same period a year ago.

With a significant position in cash and U.S. Treasury Bills, no bank debt and experienced employees, Skyline is prepared to meet the challenges ahead.

**************

Bringing America Home. Bringing America Fun.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share and per share data)

	Three Months Ended
	August 31, (Unaudited)
	2011			2010
Net sales	$	50,284		$	45,827
Loss before income taxes		(6,845	)		(6,065	)
Benefit from income taxes		—			—
Net loss	$	(6,845	)	$	(6,065	)
Basic loss per share	$	(.82	)	$	(.72	)
Number of weighted average common shares outstanding		8,391,244			8,391,244

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)

	August 31, (Unaudited)
	2011			2010
ASSETS
Cash and temporary cash investments	$	38,412		$	72,073
Accounts receivable		10,593			8,976
Inventories		10,274			6,833
Other current assets		3,280			4,472
Total Current Assets		62,559			92,354
Property, Plant and Equipment, net		24,540			26,160
Other Assets		5,969			5,712
Total Assets	$	93,068		$	124,226
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	3,318		$	3,231
Accrued liabilities		12,964			11,240
Total Current Liabilities		16,282			14,471
Other Deferred Liabilities		7,347			7,623
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		129,943			162,636
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		69,439			102,132
Total Liabilities and Shareholders’ Equity	$	93,068		$	124,226