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) January 11, 2013

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)

(574) 294-6521

(Registrant’s telephone number, including area code)

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:

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

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

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

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

Item 2.02 Results of Operations and Financial Condition.

On January 11, 2013, Skyline Corporation issued a news release reporting the financial results of the second fiscal quarter and six months ended November 30, 2012. 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 January 11, 2013

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: January 11, 2013
	By:	/s/ Jon S. Pilarski
		Jon S. Pilarski
		Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated January 11, 2013

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: SECOND QUARTER REPORT Approved by: JON S. PILARSKI

ELKHART, INDIANA — JANUARY 11, 2013

SKYLINE REPORTS RESULTS FOR SECOND QUARTER AND FIRST HALF

Skyline’s net sales for the second quarter of fiscal year 2013 were $41,836,000 as compared to $45,296,000 in the second quarter of fiscal 2012. For the first half of fiscal 2013, net sales were $91,756,000 as compared to $95,580,000 in the first half of fiscal 2012.

Net sales for Skyline’s housing segment were $28,545,000 in the second quarter of fiscal 2013 as compared to $32,160,000 in the second quarter of fiscal 2012. For the first half of fiscal 2013, net sales were $59,457,000 as compared to $61,303,000 in the first half of fiscal 2012.

Net sales for Skyline’s recreational vehicle segment were $13,291,000 in fiscal 2013’s second quarter as compared to $13,136,000 for the second quarter of fiscal 2012. For the first half of fiscal 2013, net sales were $32,299,000 as compared to $34,277,000 for the same period a year ago.

Skyline reported a net loss of $1,725,000 in the second quarter of fiscal 2013 as compared to a net loss of $3,422,000 in the second quarter of fiscal 2012. On a per share basis, net loss was $.21 as compared to a net loss of $.40 for the same period a year ago. For the first half of fiscal 2013, net loss was $5,193,000 compared to a net loss of $10,267,000 for a year ago. Net loss per share was $.62 as compared to a net loss per share of $1.22 for the same period a year ago. Included in current year’s pretax loss for the second quarter and first half was a $1,411,000 gain on the sale of idle property, plant and equipment. Likewise, prior year’s pretax loss for the second quarter and first half was a $2,500,000 gain on the sale of idle property, plant and equipment.

As Skyline begins its third quarter, historically the slowest period in its fiscal year, it continues to maintain its traditionally strong balance sheet with no debt and a significant position of its working capital in cash and U.S. Treasury Bills. This financial strength, along with experienced employees and initiatives to increase revenue and reduce costs, should assist the Corporation meet challenges as they occur.

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

BRINGING AMERICA HOME. BRINGING AMERICA FUN.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

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

	Three Months Ended						Six Months Ended
	November 30,						November 30,
	(Unaudited)						(Unaudited)
	2012			2011			2012			2011
Net sales	$	41,836		$	45,296		$	91,756		$	95,580
Loss before income taxes		(1,725	)(A)		(3,422	)(B)		(5,193	)(A)		(10,267	)(B)
Benefit from income taxes		—			—			—			—
Net loss	$	(1,725	)	$	(3,422	)	$	(5,193	)	$	(10,267	)
Basic loss per share	$	(.21	)	$	(.40	)	$	(.62	)	$	(1.22	)
Number of weighted average common shares outstanding		8,391,244			8,391,244			8,391,244			8,391,244

(A) Includes $1,411 gain on sale of idle property, plant and equipment.

(B) Includes $2,500 gain on sale of idle property, plant and equipment.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)

	November 30, (Unaudited)
	2012			2011
ASSETS
Cash, restricted cash and temporary cash investments	$	24,268		$	39,051
Accounts receivable		8,356			7,944
Note receivable, current		45			—
Inventories		10,711			10,034
Other current assets		3,970			3,103
Total Current Assets		47,350			60,132
Note receivable, long-term		1,655			—
Property, Plant and Equipment, net		19,508			22,523
Other Assets		6,121			5,993
Total Assets	$	74,634		$	88,648
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	2,914		$	2,664
Accrued liabilities		12,759			13,287
Total Current Liabilities		15,673			15,951
Other Deferred Liabilities		7,990			7,436
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		111,475			125,765
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		50,971			65,261
Total Liabilities and Shareholders’ Equity	$	74,634		$	88,648