Fleetwood Enterprises Inc. reported sharply lower RV sales revenue during its third fiscal quarter, which ended Sunday (Jan. 28).
The company’s RV sales during the November-through-January period totaled $251 million, a 42% decline from the record level of a year earlier.
Fleetwood’s motorhome revenues were down 46% during its third fiscal quarter to $148 million and its travel trailer and fifth-wheel sales were down 42% to $78 million. Its folding camper sales declined 4% to $25 million.
During the nine months ended Jan. 28, Fleetwood’s combined RV sales totaled $920 million, down 35% from the record $1.42 billion set a year earlier.
The company’s motorhome sales plunged 45% during the nine month period to $492 million and its travel trailer and fifth-wheel revenues were down 21% to $344 million. Its folding camper sales fell 8% to $85 million.
Fleetwood, also a leading manufactured home producer, will continue to look to “cut costs and will consider further consolidations to align capacity with current and anticipated market conditions,” said Nelson Potter, president. “Current market conditions remain difficult.”
Fleetwood plans to release its full third fiscal quarter financial report on March 1.