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 10, 2008

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 10, 2008, Skyline Corporation issued a news release reporting the financial results of the first fiscal quarter ended August 31, 2008. 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 10, 2008

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: October10, 2008

By: /s/ Jon S. Pilarski                        
Jon S. Pilarski
Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated October 10, 2008

EX-99.1

Exhibit 99.1

ELKHART, INDIANA — OCTOBER 10, 2008

SKYLINE REPORTS FISCAL 2009 FIRST QUARTER RESULTS

Sales for the first quarter of Skyline Corporation’s 2009 fiscal year were $62,597,000 compared to $96,394,000 last year. Net loss for the three month period was $4,146,000 equal to $0.49 per share, compared to net earnings of $709,000, or $0.08 per share, for the same period a year ago.

For Skyline’s manufactured housing group, sales for the first quarter of fiscal 2009 were $45,258,000 compared to $72,328,000 for the first quarter a year ago.

Skyline’s RV group recorded sales of $17,339,000 for the first three months of fiscal 2009 compared to $24,066,000 recorded for the first quarter of fiscal 2008.

Skyline continues to maintain its traditionally strong balance sheet with no debt and a healthy position in cash and temporary cash investments. This financial strength, along with a seasoned management team, should help the company meet the challenges ahead.

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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)
	2008			2007
Sales	$	62,597		$	96,394
(Loss) earnings before income taxes		(6,471	)		1,099
(Benefit) provision for income taxes		(2,325	)		390
Net (loss) earnings	$	(4,146	)	$	709
Basic (loss) earnings per share	$	(.49	)	$	.08
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)
ASSETS	2008			2007
Cash and temporary cash investments	$	106,127		$	121,376
Accounts receivable		15,700			24,252
Inventories		9,683			10,618
Other current assets		16,509			11,240
Total Current Assets		148,019			167,486
Property, Plant and Equipment, net		32,041			35,686
Other Assets		10,313			10,280
Total Assets	$	190,373		$	213,452
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	3,709		$	5,395
Accrued liabilities		17,180			21,054
Total Current Liabilities		20,889			26,449
Other Deferred Liabilities		8,923			9,989
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		221,065			237,518
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		160,561			177,014
Total Liabilities and Shareholders’ Equity	$	190,373		$	213,452