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Fleetwood Enterprises Inc.’s motorhome sales revenue increased 22% to $313 million in the first quarter of its fiscal year 2005, although the company’s travel-trailer, fifth-wheel and folding-camper sales all declined, Fleetwood reported Thursday (July 29).
Fleetwood’s total RV sales increased 10% to $481 million in quarter that ended July 25, compared with $437 million for the same period a year earlier.
The company’s travel trailer and fifth-wheel sales declined 6% in the period to $147 million and folding-camper sales slipped 5% lower to $21 million.
“We continue to provide the market with high-value, innovative and attractive motorhomes,” said Ed Caudill, Fleetwood’s president and CEO. “This significant increase over last year’s first quarter, which at the time was the best quarter we had experienced since calendar year 2000, is very satisfying.
“We are continuing our focus on our travel-trailer (and fifth-wheel) division, and we will be introducing exciting new products over the next three months. The folding-trailer segment within the RV industry remains sluggish.”
Fleetwood’s Manufactured Housing Group reported a 14% increase in sales revenue during the quarter to $228 million, which marked the third consecutive quarter in which Fleetwood’s manufactured housing business posted improved results.