EX-99.2 3 a05-21439_1ex99d2.htm EXHIBIT 99

Exhibit 99.2

 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Fiscal Year-To-Date October 30, 2005

(Unaudited)

(Dollars in thousands, except price per unit)

 

 

 

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

 

 

Housing

 

Motor

 

Travel

 

Folding

 

 

 

Supply

 

 

 

Company

 

 

 

Group

 

Homes

 

Trailers

 

Trailers

 

Total

 

Group

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

429,312

 

$

546,530

 

$

224,169

 

$

45,974

 

$

816,673

 

$

25,618

(A)

$

(25,627

)(B)

$

1,245,976

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

12,468

 

5,251

 

14,351

 

5,845

 

25,447

 

 

 

 

 

 

 

Single-sections

 

4,219

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-sections

 

8,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

 

 

3,887

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

 

 

1,364

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

 

 

12,186

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

 

 

2,165

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

34,433

 

$

104,081

 

$

15,620

 

$

7,866

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

23.9

%

13.0

%

9.6

%

15.7

%

12.2

%

11.0

%

NM

 

17.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

19,176

 

$

8,037

 

$

(12,516

)

$

(1,305

)

$

(5,784

)

$

2,599

 

$

(6,749

)

$

9,242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

4.5

%

1.5

%

(5.6

)%

(2.8

)%

(0.7

)%

10.1

%

NM

 

0.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

3,482

 

$

2,220

 

$

993

 

$

685

 

$

3,898

 

$

649

 

$

3,298

 

$

11,327

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

1,886

 

$

3,493

 

$

626

 

$

421

 

$

4,540

 

$

247

 

$

1,361

 

$

8,034

 

 


(A)                              Excludes $85.1 million of intercompany sales.

 

(B)                                Represents the elimination of intercompany sales by the Housing Group to the retail housing business.

 

NM                           Not meaningful.

 



 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Fiscal Year-To-Date October 24, 2004

(Unaudited)

(Dollars in thousands, except price per unit)

 

 

 

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

 

 

Housing

 

Motor

 

Travel

 

Folding

 

 

 

Supply

 

 

 

Company

 

 

 

Group

 

Homes

 

Trailers

 

Trailers

 

Total

 

Group

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

409,564

 

$

620,209

 

$

266,040

 

$

49,734

 

$

935,983

 

$

30,232

(A)

$

(70,417

)(B)

$

1,305,362

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

12,744

 

6,113

 

15,719

 

6,282

 

28,114

 

 

 

 

 

 

 

Single-sections

 

4,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-sections

 

8,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

 

 

4,690

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

 

 

1,423

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

 

 

11,875

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

 

 

3,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

32,138

 

$

101,457

 

$

16,925

 

$

7,917

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

24.1

%

15.6

%

11.5

%

15.7

%

14.4

%

18.2

%

NM

 

18.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

17,785

 

$

31,990

 

$

(6,321

)

$

(1,516

)

$

24,153

 

$

2,772

 

$

(71

)

$

44,639

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

4.3

%

5.2

%

(2.4

)%

(3.0

)%

2.6

%

9.2

%

NM

 

3.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

3,390

 

$

1,798

 

$

1,099

 

$

688

 

$

3,585

 

$

795

 

$

2,885

 

$

10,655

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

2,252

 

$

13,002

 

$

587

 

$

238

 

$

13,827

 

$

856

 

$

3,433

 

$

20,368

 

 


(A)                              Excludes $99.1 million of intercompany sales.

 

(B)                                Represents the elimination of intercompany sales by the Housing Group to the retail housing business.

 

NM                           Not meaningful.

 



 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Quarter Ended October 30, 2005

(Unaudited)

(Dollars in thousands, except price per unit)

 

 

 

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

 

 

Housing

 

Motor

 

Travel

 

Folding

 

 

 

Supply

 

 

 

Company

 

 

 

Group

 

Homes

 

Trailers

 

Trailers

 

Total

 

Group

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

224,981

 

$

248,740

 

$

119,334

 

$

25,397

 

$

393,471

 

$

11,888

(A)

$

(839

)(B)

$

629,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

6,610

 

2,284

 

7,739

 

3,399

 

13,422

 

 

 

 

 

 

 

Single-sections

 

2,790

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-sections

 

3,820

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

 

 

1,799

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

 

 

485

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

 

 

6,961

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

 

 

778

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

34,036

 

$

108,905

 

$

15,420

 

$

7,472

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

24.6

%

13.3

%

12.8

%

17.3

%

13.4

%

19.0

%

NM

 

17.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

14,156

 

$

2,852

 

$

(3,805

)

$

250

 

$

(703

)

$

878

 

$

(4,196

)

$

10,135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

6.3

%

1.1

%

(3.2

)%

1.0

%

(0.2

)%

7.4

%

NM

 

1.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

1,772

 

$

1,118

 

$

509

 

$

352

 

$

1,979

 

$

325

 

$

1,657

 

$

5,733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

1,247

 

$

1,281

 

$

41

 

$

183

 

$

1,505

 

$

147

 

$

779

 

$

3,678

 

 


(A)                              Excludes $45.0 million of intercompany sales.

 

(B)                                Represents the elimination of intercompany sales by the Housing Group to the retail housing business.

 

NM                           Not meaningful.

 



 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Quarter Ended October 24, 2004

(Unaudited)

(Dollars in thousands, except price per unit)

 

 

 

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

 

 

Housing

 

Motor

 

Travel

 

Folding

 

 

 

Supply

 

 

 

Company

 

 

 

Group

 

Homes

 

Trailers

 

Trailers

 

Total

 

Group

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

213,877

 

$

302,296

 

$

119,626

 

$

28,358

 

$

450,280

 

$

16,172

(A)

$

(34,396

)(B)

$

645,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

6,680

 

2,868

 

7,177

 

3,562

 

13,607

 

 

 

 

 

 

 

Single-sections

 

2,833

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-sections

 

3,847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

 

 

2,282

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

 

 

586

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

 

 

5,470

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

 

 

1,707

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

32,018

 

$

105,403

 

$

16,668

 

$

7,961

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

25.1

%

15.5

%

9.0

%

18.4

%

13.9

%

18.1

%

NM

 

18.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

11,722

 

$

15,122

 

$

(6,686

)

$

149

 

$

8,585

 

$

1,745

 

$

72

 

$

22,124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

5.5

%

5.0

%

(5.6

)%

0.5

%

1.9

%

10.8

%

NM

 

3.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

1,680

 

$

1,039

 

$

550

 

$

344

 

$

1,933

 

$

400

 

$

1,513

 

$

5,526

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

1,273

 

$

4,485

 

$

421

 

$

114

 

$

5,020

 

$

499

 

$

2,484

 

$

9,276

 

 

 


(A)                              Excludes $49.6 million of intercompany sales.

 

(B)                                Represents the elimination of intercompany sales by the Housing Group to the retail housing business.

 

NM                           Not meaningful.

 



 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATIONAL DATA

Quarter Ended October 30, 2005

(Unaudited)

(Dollars in thousands)

 

 

 

 

 

Recreational Vehicle Group

 

 

 

 

 

Housing

 

Motor

 

Travel

 

Folding

 

 

 

Supply

 

 

 

Group

 

Homes

 

Trailers

 

Trailers

 

Total

 

Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of facilities (A)

 

21

 

3

 

8

 

1

 

12

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capacity utilization (B)

 

66

%

67

%

82

%

51

%

NM

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of independent  distribution points

 

1,272

 

269

 

609

 

494

 

NM

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Backlog units

 

4,631

 

641

 

11,150

 

1,297

 

13,088

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales value (C)

 

$

146,716

 

$

69,808

 

$

171,931

 

$

9,691

 

$

251,430

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dealer inventories (units)

 

 

 

4,043

 

13,290

 

6,316

 

NM

 

NM

 

Independent

 

8,471

 

 

 

 

 

 

 

 

 

 

 

Retail

 

 

 

 

 

 

 

 

 

 

 

 

 


(A)                              Number of active facilities at the end of the quarter.

 

(B)                                Based on the production at the end of the period.

 

(‘C)                            The number of units in the backlog multiplied by the average selling price.

 

NM                           Not meaningful.

 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATIONAL DATA

Quarter Ended October 24, 2004

(Unaudited)

(Dollars in thousands)

 

 

 

 

 

Recreational Vehicle Group

 

 

 

 

 

Housing

 

Motor

 

Travel

 

Folding

 

 

 

Supply

 

 

 

Group

 

Homes

 

Trailers

 

Trailers

 

Total

 

Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of facilities (A)

 

23

 

3

 

10

 

1

 

14

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capacity utilization (B)

 

61

%

89

%

66

%

55

%

NM

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of independent  distribution points

 

1,276

 

278

 

647

 

500

 

NM

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Backlog units

 

2,497

 

887

 

2,338

 

2,442

 

5,667

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales value (C)

 

$

83,287

 

$

93,493

 

$

32,218

 

$

19,441

 

$

145,152

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dealer inventories (units)

 

 

 

5,034

 

15,714

 

7,205

 

NM

 

NM

 

Independent

 

6,359

 

 

 

 

 

 

 

 

 

 

 

Retail

 

2,356

 

 

 

 

 

 

 

 

 

 

 

 


(A)          Number of active facilities at the end of the quarter.

 

(B)           Based on the production at the end of the period.

 

(‘C)         The number of units in the backlog multiplied by the average selling price.

 

NM                           Not meaningful.