Skyline Champion (SKY) 8-K Skyline Reports Year-end, Fourth Quarter Results

Exhibit 99.1

NEWS RELEASE

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

Subject: FOURTH QUARTER AND YEAR END Approved by: JAMES R. WEIGAND

ELKHART, INDIANA — JULY 29, 2005

SKYLINE REPORTS YEAR-END, FOURTH QUARTER RESULTS

     Net earnings for Skyline Corporation’s 2005 fiscal year were $5,452,000 compared to $6,141,000 in fiscal 2004. On a per share basis, fiscal 2005 net earnings were $0.65 versus $0.73 in the 2004 fiscal year.

     For the fourth quarter which ended May 31, 2005, net earnings were $3,115,000 compared to $2,754,000 of the fourth quarter of fiscal 2004. Net earnings per share for fiscal 2005’s fourth quarter were $0.37 versus $0.33 of the fourth quarter of fiscal 2004.

     Sales for fiscal 2005 were $454,324,000 compared to $433,900,000 of a year earlier. Sales for the fourth quarter of fiscal 2005 were $119,507,000 compared to $117,500,000 of fiscal 2004’s fourth quarter.

     Sales for Skyline’s manufactured housing group for fiscal 2005 were $335,394,000 compared to $311,354,000 of fiscal 2004. The group’s sales for the fiscal 2005 fourth quarter totaled $88,547,000, compared to $82,225,000 of the comparable period of fiscal 2004.

     For Skyline’s RV group, sales for fiscal 2005 were $118,930,000 compared to $122,546,000 of fiscal 2004. The RV group’s sales for fiscal 2005’s fourth quarter were $30,960,000 compared to $35,275,000 of the fourth quarter of fiscal 2004.

     Skyline continues to maintain its traditionally strong balance sheet with no long-term 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 STATEMENTS OF EARNINGS

(Dollars in thousands except per share)

	Three Months Ended				Year Ended
	May 31, (Unaudited)				May 31,
	2005		2004		2005		2004
Sales	$	119,507	$	117,500	$	454,324	$	433,900
Earnings before income taxes		4,771		4,410		8,662		10,106
Provision for income taxes		1,656		1,656		3,210		3,965
Net earnings	$	3,115	$	2,754	$	5,452	$	6,141
Basic earnings per share	$	.37	$	.33	$	.65	$	.73
Weighted average common shares outstanding		8,391,244		8,391,244		8,391,244		8,391,244

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED BALANCE SHEETS

(Dollars in thousands)

	May 31,
ASSETS	2005			2004
Cash and temporary cash investments	$	149,525		$	150,449
Accounts receivable		26,466			26,090
Inventories		9,838			9,895
Other current assets		6,233			9,046
Total Current Assets		192,062			195,480
Property, Plant and Equipment, net		35,838			36,930
Other Assets		9,537			8,758
	$	237,437		$	241,168
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	9,521		$	7,776
Accrued liabilities		27,149			24,100
Income taxes payable		729			166
Total Current Liabilities		37,399			32,042
Other Deferred Liabilities		10,535			10,642
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		250,007			258,988
Treasury stock		(65,744	)		(65,744	)
Total Shareholders’ Equity		189,503			198,484
	$	237,437		$	241,168