8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of1934

Date of Report (Date of earliest event reported)  March 9, 2006

FLEETWOOD ENTERPRISES, INC.

(Exact Name of Registrant as specified in its charter)

Delaware	1-7699	95-1948322
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3125 Myers Street, Riverside, California    92503-5527

(Address of principal executive offices)

Registrant’s telephone number, including area code    (951) 351-3500

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

INFORMATION INCLUDED IN THIS REPORT

  Item 2.02.Results of Operations and Financial Condition.

On March 9, 2006, Fleetwood Enterprises, Inc. (the “Company”) issued a news release reporting results of the Company for its third quarter ended January 29, 2006. A copy of the news release is attached to this Current Report as Exhibit 99.1.

On March 9, 2006, the Company will hold an investor conference call to disclose financial results for the third quarter ended January 29, 2006. The Supplemental Information for this conference call is attached and incorporated by reference herein as Exhibit 99.2. All information in the Supplemental Information package is presented as of the date or for the period specified therein, and the Company does not assume any obligation to correct or update said information in the future.

The information in this Current Report on Form 8-K, including the exhibits included herewith, is furnished pursuant to Item 2.02 and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

  Item 9.01.Financial Statements and Exhibits.

(d) Exhibits:

99.1	News release of Fleetwood Enterprises, Inc. dated March 9, 2006.
99.2	Supplemental Information (unaudited) prepared for use in connection with the financial results for the third quarter ended January 29, 2006.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this current report to be signed on its behalf by the undersigned hereunto duly authorized.

		FLEETWOOD ENTERPRISES, INC.
Date:	March 9, 2006
		By	/s/ Boyd R. Plowman
			Boyd R. Plowman
			Executive Vice President, Chief Financial Officer

3

Index to Exhibits

99.1	News release of Fleetwood Enterprises, Inc. dated March 9, 2006.
99.2	Supplemental Information prepared for use in connection with the financial results for the third quarter ended January 29, 2006.

EX-99.1

Exhibit 99.1

FLEETWOOD REPORTS THIRD QUARTER FISCAL 2006 EARNINGS

Riverside, Calif., March 9, 2006 — Fleetwood Enterprises, Inc. (NYSE:FLE), one of the nation’s leading producers of recreational vehicles and manufactured housing, announced today its earnings for the fiscal 2006 third quarter and first nine months ended January 29, 2006. Consolidated revenues for the quarter were $583.9 million, up 15 percent from $509.2 million in last year’s third quarter. Income from continuing operations totaled $4.7 million or $0.08 per diluted share compared to a loss from continuing operations of $44.5 million or $0.80 per diluted share in the third quarter of the prior year. Net income, which included discontinued operations, was $1.4 million or $0.02 per diluted share compared to a net loss of $54.7 million or $0.99 per diluted share in last year’s third quarter.

“We are very pleased to report positive results in a quarter that is typically seasonally weak,” said Elden L. Smith, Fleetwood’s president and chief executive officer. “Our financial improvement was largely due to orders related to disaster relief and, to a lesser extent, the benefits of our ongoing operational and organizational changes.”

For the first nine months of fiscal 2006, consolidated revenues edged up 1 percent to $1.83 billion compared with $1.81 billion for the same period last year. The loss from continuing operations for the first nine months of fiscal 2006 was $8.9 million or $0.15 per diluted share compared with a loss of $16.7 million or $0.30 per diluted share in the same period of fiscal 2005. The net loss in the first nine months of fiscal 2006 was $30.1 million or $0.52 per diluted share compared with a net loss of $41.0 million, or $0.74 per diluted share for the same period last year.

Substantially all of the Company’s manufactured housing retail business was sold in the second quarter of the current fiscal year. The prior year third quarter consolidated revenues excluded $29.9 million in intercompany sales of manufactured homes to the Company’s former retail stores, while the current quarter had none. Year to date, $100.3 million of intercompany sales were excluded in the prior year versus $25.6 million in the current year.

Housing Group Results

The Housing Group generated operating income of $13.1 million in the third quarter compared to an operating loss of $4.4 million in the same quarter of the prior year. Quarterly revenues for the Group grew 14 percent to $208.8 million from $183.7 million in last year’s third quarter. The third quarter included revenues of approximately $57 million from the sale of homes for disaster relief, while similar orders last year were completed in the second quarter.

For the first nine months of the fiscal year, Housing Group revenues grew 8 percent to $638.1 million from $593.3 million in the prior year period. During the same period, operating income climbed to $32.3 million, a 141 percent improvement compared with $13.4 million in the first nine months of last year.

“We are optimistic about the long-term prospects for our Housing Group,” Smith said, “but somewhat cautious about the short-term. During the third quarter we enjoyed tremendous efficiencies from building the same FEMA-specified home in sustained production runs in plants that otherwise would have been under-utilized. This production, however, completed our contract commitment for disaster relief units. Eventually, we expect the need for replacement housing in the Gulf Coast region will provide us with the opportunity to build a sizable number of homes for our traditional manufactured housing customers, as well as new buyers who are looking for a faster, more cost-effective way to replace their site-built homes. Nonetheless, the timing is uncertain, in that most of the area is still in the process of cleaning up, and rebuilding has been further delayed by insurance claim processing and floodplain mapping.

“Demand across the country varies by region, with areas of strength in parts of the Southwest, relative stability in the Southeast and general weakness elsewhere,” Smith continued. “The first house was completed at our new plant in Southern California subsequent to the end of the quarter. The plant, as it gains momentum, will enable us to better meet demand in this region. We are encouraged by the response to our new regionally focused products from both dealers and consumers, and anticipate that these recently introduced homes will position us for market share gains in coming quarters.”

RV Group Results

The RV Group earned $3.8 million in operating income for the third quarter, compared to an operating loss of $33.5 million in the comparable period of the prior year. Revenues for the Group increased 7 percent to $365.3 million in the quarter compared with $342.6 million in the same period of the prior year. Sales of FEMA trailers in the third quarter of fiscal 2006 and 2005 were $72 million and $9 million, respectively.

The third quarter’s positive results were driven by a surge in operating income in the travel trailer division, partially offset by losses in the motor home and folding trailer divisions. The travel trailer division earned $11.2 million in the quarter on sharply higher revenues, compared to an operating loss of $16.2 million in the third quarter last year. Operating losses for the folding trailer division narrowed to $3.3 million from $18.2 million last year, which included a charge related to the $14.6 million adverse judgment in the Coleman litigation. The motor home division incurred an operating loss of $4.1 million compared to operating income of $0.9 million in the prior year, primarily due to a 22 percent drop in revenues.

The Group reported an operating loss of $2.0 million for the first nine months of fiscal 2006 on revenues of $1.18 billion, compared with an operating loss of $9.3 million on revenues of $1.28 billion in the comparable period last year.

“Travel trailer operations benefited significantly from producing a large number of nearly identical units for FEMA,” Smith said. “Efficiencies associated with the increased volume and consistency of production provided the improvement in overall margins. We had begun to see the positive impact during the second quarter, but realized the full advantage in the third quarter. We will build approximately 2,500 more FEMA trailers during the fourth quarter. With lower volume anticipated in the fourth quarter, we expect that gross margins in the travel trailer division will more closely approximate those of the second quarter rather than the third quarter. We are enjoying strong backlogs for our conventional travel trailers, which we attribute partly to production deferred from the third quarter due to the FEMA contract, and partly to the acceptance of new products that have been introduced over the last several months.

“The past month has not changed our ‘cautiously optimistic’ view on the spring selling season,” Smith continued. “We continue to see relatively soft motor home sales, but good traffic at most of the early RV shows. Travel trailers are moving at a faster clip, which leads us to believe that the primary concern among potential RV buyers continues to be fuel prices. If history is any indication, we anticipate that as fuel prices stabilize, we will see a rebound in motor home sales.”

Discontinued Operations

Discontinued operations, which include the manufactured housing retail and financial services businesses, the majority of the assets of which were sold in the second quarter, incurred a loss of $3.3 million or $0.06 per diluted share in the third quarter, compared to a loss of $10.2 million or $0.19 per diluted share in the comparable period last year. Costs include general and administrative expenses associated with the wind-down and closure of the operations. These expenses are expected to decline significantly in the fourth quarter.

Subsequent Events

On February 15, 2006, subsequent to the end of the quarter, the Company paid the outstanding cumulative deferred obligation on its 6% convertible trust preferred securities, as well as the current distribution due on that date, for a total of approximately $61.9 million. Elevated accounts receivable at the end of the quarter were the result of the high level of FEMA sales, which have a protracted collection period compared to our more traditional business.  Since the end of the quarter, a large majority of the FEMA-related receivables outstanding at the end of the third quarter have been collected.

Corporate Outlook

“Because of the soft markets for both motor homes and manufactured housing, we do not believe that results for the fourth quarter will change significantly from those of the third quarter,” Smith concluded. “As we have noted, most of the FEMA orders have been completed. We continue to focus on cost controls, while providing a better customer experience by pushing decisions and accountability regarding product, sales and service further down into the organization. Finally, we believe that our optimism for improved financial results over the longer term is well founded on our reputation for value, our enhanced ability to respond to market trends, and the excellent consumer demographics in both of our industries.”

The Company will host a conference call with interested parties at 10:30 a.m. PST/1:30 p.m. EST on Thursday, March 9, 2006. The call will be broadcast live over the Internet at www.streetevents.com, www.earnings.com, and the Company’s website, www.fleetwood.com under Company Information.

About Fleetwood

Fleetwood Enterprises, Inc. is a leading producer of recreational vehicles and manufactured homes. This Fortune 1000 company, headquartered in Riverside, Calif., is dedicated to providing quality, innovative products that offer exceptional value to its customers. Fleetwood operates facilities strategically located throughout the nation, including recreational vehicle, manufactured housing and supply subsidiary plants. For more information, visit the Company’s website at www.fleetwood.com.

This press release contains certain forward-looking statements and information based on the beliefs of Fleetwood’s management as well as assumptions made by, and information currently available to, Fleetwood’s management. Such statements reflect the current views of Fleetwood with respect to future events and are subject to certain risks, uncertainties, and assumptions, including risk factors identified in Fleetwood’s 10-K and other SEC filings. These risks and uncertainties include, without limitation, the cyclical nature of both the manufactured housing and recreational vehicle industries; ongoing weakness in the manufactured housing market; continued acceptance of the Company’s products; the potential impact on demand for Fleetwood’s products as a result of changes in consumer confidence levels; the effect of global tensions, fuel prices and other factors on consumer confidence; expenses and uncertainties associated with the introduction and manufacturing of new products; the future availability of manufactured housing retail financing, as well as housing and RV wholesale financing; availability and pricing of raw materials and components; changes in retail inventory levels in the manufactured housing and recreational vehicle industries; competitive pricing pressures; the ability to attract and retain quality dealers, executive officers and other personnel; and the Company’s ability to obtain financing needed in order to execute its business strategies. Actual results, events and performance may differ materially.

EX-99.2

Exhibit 99.2

Fleetwood Enterprises, Inc.

CONSOLIDATED  STATEMENTS OF OPERATIONS

(Unaudited)

(Amounts in thousands, except per share data)

	13 Weeks Ended						40 Weeks Ended			39 Weeks Ended
	January 29, 2006			January 23, 2005			January 29, 2006			January 23, 2005
Net Sales:
RV Group	$	365,342		$	342,591		$	1,182,015		$	1,278,574
Housing Group	208,812			183,734			638,124			593,298
Supply Group	9,712			12,711			35,330			42,943
Intercompany sales	—			(29,875		)	(25,627		)	(100,292		)
	583,866			509,161			1,829,842			1,814,523
Cost of products sold	472,635			431,349			1,506,531			1,494,475
Gross profit	111,231			77,812			323,311			320,048
Operating expenses	98,713			104,061			296,217			301,686
Other, net	582			12,822			5,916			12,794
	99,295			116,883			302,133			314,480
Operating income (loss)	11,936			(39,071		)	21,178			5,568
Other income (expense):
Investment income	1,921			976			4,077			1,891
Interest expense	(8,142		)	(6,769		)	(22,824		)	(20,168		)
Other, net	—			—			—			(2,724		)
	(6,221		)	(5,793		)	(18,747		)	(21,001		)
Income (loss) from continuing operations before income taxes	5,715			(44,864		)	2,431			(15,433		)
(Provision) benefit for income taxes	(1,007		)	331			(11,345		)	(1,310		)
Income (loss) from continuing operations	4,708			(44,533		)	(8,914		)	(16,743		)
Loss from discontinued operations, net	(3,332		)	(10,156		)	(21,185		)	(24,259		)
Net income (loss)	$	1,376		$	(54,689	)	$	(30,099	)	$	(41,002	)

	Basic			Diluted			Basic			Diluted			Basic			Diluted			Basic			Diluted
Earnings (loss) per common share:
Income (loss) from continuing operations	$	0.08		$	0.08		$	(0.80	)	$	(0.80	)	$	(0.15	)	$	(0.15	)	$	(0.30	)	$	(0.30	)
Loss from discontinued operations	(0.06		)	(0.06		)	(0.19		)	(0.19		)	(0.37		)	(0.37		)	(0.44		)	(0.44		)
Net income (loss) per common share	$	0.02		$	0.02		$	(0.99	)	$	(0.99	)	$	(0.52	)	$	(0.52	)	$	(0.74	)	$	(0.74	)
Weighted average common shares	61,838			62,622			55,492			55,492			58,103			58,103			55,193			55,193

Fleetwood Enterprises, Inc.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Amounts in thousands)

	January 29, 2006			October 30, 2005			January 23, 2005
ASSETS
Cash	$	63,725		$	91,065		$	11,856
Marketable investments - available for sale	18,108			17,880			17,519
Receivables	227,632			181,690			208,680
Inventories	225,886			211,604			281,725
Deferred taxes, net	44,760			44,760			56,905
Assets of discontinued operations	—			—			171,839
Other current assets	18,983			22,107			14,510
Total current assets	599,094			569,106			763,034
Property, plant and equipment, net	220,790			224,657			237,063
Deferred taxes, net	19,503			19,503			17,858
Cash value of Company-owned life insurance, net	30,400			36,623			39,689
Goodwill	6,316			6,316			6,316
Other assets	46,110			59,878			47,901
Total assets	$	922,213		$	916,083		$	1,111,861
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts payable	$	68,081		$	83,232		$	81,332
Employee compensation & benefits	75,630			76,604			72,638
Product warranty reserve	66,751			65,393			60,641
Short-term borrowings	5,016			19,981			60,902
Accrued interest	63,702			60,045			47,732
Liabilities of discontinued operations	—			—			69,689
Other current liabilities	73,912			89,227			82,255
Total current liabilities	353,092			394,482			475,189
Deferred compensation and retirement benefits	33,776			39,656			41,477
Insurance reserves	33,341			47,579			32,628
Long-term debt	125,249			126,507			108,253
Convertible subordinated debentures	210,142			210,142			210,142
Total liabilities	755,600			818,366			867,689
Commitments and contingencies
Shareholders’ equity:
Common stock	63,616			56,499			55,544
Additional paid-in capital	487,041			427,120			423,341
Accumulated deficit	(386,895		)	(388,271		)	(236,339		)
Accumulated other comprehensive loss	2,851			2,369			1,626
Total shareholders’ equity	166,613			97,717			244,172
Total liabilities and shareholders’ equity	$	922,213		$	916,083		$	1,111,861

Fleetwood Enterprises, Inc.

BUSINESS SEGMENT AND UNIT SHIPMENT INFORMATION

(Unaudited)

(Amounts in thousands)

	13 Weeks Ended						40 Weeks Ended			39 Weeks Ended
	January 29, 2006			January 23, 2005			January 29, 2006			January 23, 2005
OPERATING REVENUES:
RV Group	$	365,342		$	342,591		$	1,182,015		$	1,278,574
Housing Group	208,812			183,734			638,124			593,298
Supply Group	9,712			12,711			35,330			42,943
Intercompany sales	—			(29,875		)	(25,627		)	(100,292		)
	$	583,866		$	509,161		$	1,829,842		$	1,814,523
OPERATING INCOME (LOSS):
RV Group	$	3,806		$	(33,495	)	$	(1,978	)	$	(9,342	)
Housing Group	13,073			(4,367		)	32,249			13,418
Supply Group	(370		)	590			2,229			3,362
Corporate and other	(4,573		)	(1,799		)	(11,322		)	(1,870		)
	$	11,936		$	(39,071	)	$	21,178		$	5,568
UNITS SOLD:
Recreational vehicles -
Motor homes	1,622			2,097			6,873			8,210
Travel trailers	10,711			6,099			25,062			21,818
Folding trailers	2,249			2,334			8,094			8,616
	14,582			10,530			40,029			38,644
Manufactured housing -
Factory shipments	6,104			5,533			18,572			18,277
Less intercompany	—			(794		)	(673		)	(2,746		)
Total shipments from continuing operations	20,686			15,269			57,928			54,175
Retail housing sales	—			884			1,393			3,211
Total Company shipments	20,686			16,153			59,321			57,386

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Quarter Ended January 29, 2006

(Unaudited)

(Dollars in thousands, except price per unit)

	Recreational Vehicle Group
	Motor			Travel			Folding						Housing			Supply						Company
	Homes			Trailers			Trailers			Total			Group			Group			Other			Total
Operating revenues	$	180,677		$	169,256		$	15,409		$	365,342		$	208,812		$	9,712	(A)	$	—		$	583,866
Units sold	1,622			10,711			2,249			14,582			6,104
Single-sections													2,927
Multi-sections													3,177
Pre-owned
Class As	1,309
Class Cs	313
Conventional trailers				10,056
Fifth-wheel trailers				655
Average selling price per unit	$	111,391		$	15,802		$	6,851		NM			$	34,209
Gross profit percent	13.6		%	17.6		%	8.9		%	15.3		%	25.5		%	7.8		%	NM			19.1		%
Operating income (loss)	$	(4,054	)	$	11,169		$	(3,309	)	$	3,806		$	13,073		$	(370	)	$	(4,573	)	$	11,936
Operating margin	(2.2		)%	6.6		%	(21.5		)%	1.0		%	6.3		%	(3.8		)%	NM			2.1		%
Depreciation	$	1,180		$	513		$	316		$	2,009		$	1,745		$	314		$	1,666		$	5,734
Capital expenditures (est.)	$	1,722		$	600		$	35		$	2,357		$	1,747		$	149		$	287		$	4,540

(A)Excludes $40.8 million of intercompany sales.

NMNot meaningful.

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Quarter Ended January 23, 2005

(Unaudited)

(Dollars in thousands, except price per unit)

	Recreational Vehicle Group
	Motor			Travel			Folding						Housing			Supply						Company
	Homes			Trailers			Trailers			Total			Group			Group			Other			Total
Operating revenues	$	231,073		$	95,334		$	16,184		$	342,591		$	183,734		$	12,711	(A)	$	(29,875	)(B)	$	509,161
Units sold	2,097			6,099			2,334			10,530			5,533
Single-sections													1,518
Multi-sections													4,015
Pre-owned
Class As	1,784
Class Cs	313
Conventional trailers				4,837
Fifth-wheel trailers				1,262
Average selling price per unit	$	110,192		$	15,631		$	6,934		NM			$	33,207
Gross profit percent	14.3		%	3.3		%	8.0		%	11.0		%	21.2		%	14.5		%	NM			15.3		%
Operating income (loss)	$	897		$	(16,205	)	$	(18,187	)	$	(33,495	)	$	(4,367	)	$	590		$	(1,799	)	$	(39,071	)
Operating margin	0.4		%	(17.0		)%	(112.4		)%	(9.8		)%	(2.4		)%	4.6		%	NM			(7.6		)%
Depreciation	$	1,214		$	536		$	348		$	2,098		$	1,807		$	371		$	1,448		$	5,724
Capital expenditures (est.)	$	5,081		$	238		$	424		$	5,743		$	981		$	289		$	627		$	7,640

(A)          Excludes $38.1 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 January 29, 2006

(Unaudited)

(Dollars in thousands, except price per unit)

	Recreational Vehicle Group
	Motor			Travel			Folding						Housing			Supply						Company
	Homes			Trailers			Trailers			Total			Group			Group			Other			Total
Operating revenues	$	727,207		$	393,425		$	61,383		$	1,182,015		$	638,124		$	35,330	(A)	$	(25,627	)(B)	$	1,829,842
Units sold	6,873			25,062			8,094			40,029			18,572
Single-sections													7,146
Multi-sections													11,426
Pre-owned
Class As	5,196
Class Cs	1,677
Conventional trailers				22,242
Fifth-wheel trailers				2,820
Average selling price per unit	$	105,806		$	15,698		$	7,584		NM			$	34,359
Gross profit percent	13.2		%	12.2		%	13.3		%	13.2		%	24.4		%	15.3		%	NM			17.6		%
Operating income (loss)	$	3,983		$	(1,347	)	$	(4,614	)	$	(1,978	)	$	32,249		$	2,229		$	(11,322	)	$	21,178
Operating margin	0.5		%	(0.3		)%	(7.5		)%	(0.2		)%	5.1		%	6.3		%	NM			1.2		%
Depreciation	$	3,399		$	1,506		$	1,001		$	5,906		$	5,227		$	963		$	4,965		$	17,061
Capital expenditures (est.)	$	5,214		$	1,226		$	456		$	6,896		$	3,633		$	396		$	1,649		$	12,574

(A)          Excludes $125.9 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 January 23, 2005

(Unaudited)

(Dollars in thousands, except price per unit)

	Recreational Vehicle Group
	Motor			Travel			Folding						Housing			Supply						Company
	Homes			Trailers			Trailers			Total			Group			Group			Other			Total
Operating revenues	$	851,282		$	361,374		$	65,918		$	1,278,574		$	593,298		$	42,943	(A)	$	(100,292	)(B)	$	1,814,523
Units sold	8,210			21,818			8,616			38,644			18,277
Single-sections													6,118
Multi-sections													12,159
Pre-owned
Class As	6,474
Class Cs	1,736
Conventional trailers				16,712
Fifth-wheel trailers				5,106
Average selling price per unit	$	103,688		$	16,563		$	7,651		NM			$	32,461
Gross profit percent	15.2		%	9.3		%	13.8		%	13.5		%	23.2		%	17.1		%	NM			17.6		%
Operating income (loss)	$	32,887		$	(22,526	)	$	(19,703	)	$	(9,342	)	$	13,418		$	3,362		$	(1,870	)	$	5,568
Operating margin	3.9		%	(6.2		)%	(29.9		)%	(0.7		)%	2.3		%	7.8		%	NM			0.3		%
Depreciation	$	3,012		$	1,635		$	1,036		$	5,683		$	5,197		$	1,166		$	4,333		$	16,379
Capital expenditures (est.)	$	18,083		$	825		$	662		$	19,570		$	3,232		$	1,145		$	4,060		$	28,007

(A)          Excludes $137.2 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 January 29, 2006

(Unaudited)

(Dollars in thousands)

	Recreational Vehicle Group
	Motor			Travel			Folding					Housing			Supply
	Homes			Trailers			Trailers			Total		Group			Group
Number of facilities (A)	3			8			1			12		21			3
Capacity utilization (B)	54		%	115		%	42		%	NM		62		%	NM
Number of independent
distribution points	269			605			494			NM		1,248			NM
Backlog units	903			7,504			466			8,873		1,014			NM
Sales value (C)	$	100,587		$	118,578		$	3,193		$	222,358	$	34,688		NM
Dealer inventories (units)	4,210			14,977			7,804			NM					NM
Independent												7,888
Retail												—

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

(B)           Based on production levels 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 January 23, 2005

(Unaudited)

(Dollars in thousands)

	Recreational Vehicle Group
	Motor			Travel			Folding					Housing			Supply
	Homes			Trailers			Trailers			Total		Group			Group
Number of facilities (A)	3			9			1			13		23			3
Capacity utilization (B)	74		%	57		%	46		%	NM		58		%	NM
Number of independent distribution points	258			608			503			NM		1,282			NM
Backlog units	769			2,483			1,154			4,406		1,834			NM
Sales value (C)	$	84,738		$	38,812		$	8,002		$	131,552	$	60,902		NM
Dealer inventories (units)	5,062			17,145			8,790			NM					NM
Independent												6,473
Retail												1,828

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

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

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

NM         Not meaningful.