Fleetwood Enterprises Inc.’s RV sales revenue increased 8% for the three-month period that ended on Sunday (April 27), and President Ed Caudill believes its RV sales “will further strengthen especially as the selling season begins in earnest.”
The Riverside, Calif. company shipped $402 million worth of RVs to its dealers in the February-thorugh-April period, compared with $371 million delivered a year earlier.
Fleetwood’s travel trailers and fifth-wheels did particularly well on the wholesale market during the fourth quarter of its fiscal year 2003, which ended Sunday. The company’s travel-trailer/fifth-wheel sales increased 19% to $131 million.
Meanwhile, Fleetwood’s motorhome sales revenue increased 9% for its fourth fiscal quarter to $247 million, although its folding-camper sales revenue fell 26% to $25 million.
However, because of the chilling effect the war in Iraq had on consumer confidence, the performance of Fleetwood’s RV Group during its fourth fiscal quarter was not as strong as the results recorded during the rest of fiscal 2003.
The New York Stock Exchange-listed company’s full fiscal year 2003 RV sales revenue increased 22% to $1.48 billion, compared with $1.21 billion during fiscal year 2002.
Fleetwood’s motorhome sales increased 28% during fiscal 2003 to $919 million and its travel-trailer/fifth-wheel sales increased 17% to $441 million and its folding-camper sales improved 2% to $120 million.
Fleetwood will report its fourth-fiscal-quarter and full-fiscal-year earnings about a month from now.