EX-99.2 3 a06-15923_1ex99d2.htm EX-99

Exhibit 99.2

 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Quarter Ended April 30, 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

 

$

249,491

 

$

158,076

 

$

22,635

 

$

430,202

 

$

157,472

 

$

14,884

(A)

$

—

 

$

602,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

2,201

 

9,363

 

2,981

 

14,545

 

4,109

 

 

 

 

 

 

 

Single-sections

 

 

 

 

 

 

 

 

 

999

 

 

 

 

 

 

 

Multi-sections

 

 

 

 

 

 

 

 

 

3,110

 

 

 

 

 

 

 

Pre-owned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

1,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

529

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

8,004

 

 

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

1,359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

113,353

 

$

16,883

 

$

7,593

 

NM

 

$

38,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

14.1

%

13.5

%

11.5

%

13.7

%

23.8

%

15.8

%

NM

 

16.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

1,381

 

$

2,414

 

$

(1,601

)

$

2,194

 

$

6,569

 

$

15

 

$

(451

)

$

8,327

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

0.6

%

1.5

%

(7.1

)%

0.5

%

4.2

%

0.1

%

NM

 

1.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

1,534

 

$

562

 

$

295

 

$

2,391

 

$

1,773

 

$

316

 

$

1,665

 

$

6,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

402

 

$

363

 

$

84

 

$

849

 

$

1,499

 

$

246

 

$

626

 

$

3,220

 

 

(A)         Excludes $33.6 million of intercompany sales.

NM      Not meaningful.



 

Fleetwood Enterprises, Inc.

SUPPLEMENTAL OPERATING DATA

Quarter Ended April 24, 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

 

$

245,809

 

$

116,236

 

$

19,263

 

$

381,308

 

$

192,249

 

$

14,077

(A)

$

(27,445

)(B)

$

560,189

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

2,356

 

7,109

 

2,637

 

12,102

 

5,685

 

 

 

 

 

 

 

Single-sections

 

 

 

 

 

 

 

 

 

1,406

 

 

 

 

 

 

 

Multi-sections

 

 

 

 

 

 

 

 

 

4,279

 

 

 

 

 

 

 

Pre-owned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

1,713

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

5,414

 

 

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

1,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

104,333

 

$

16,351

 

$

7,305

 

NM

 

$

33,817

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

12.5

%

2.6

%

1.8

%

8.9

%

19.1

%

19.0

%

NM

 

13.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

(5,185

)

$

(18,371

)

$

(6,271

)

$

(29,827

)

$

(7,031

)

$

454

 

$

(12,700

)

$

(49,104

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

(2.1

)%

(15.8

)%

(32.6

)%

(7.8

)%

(3.7

)%

3.2

%

NM

 

(8.8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

1,130

 

$

497

 

$

337

 

$

1,964

 

$

1,605

 

$

361

 

$

1,849

 

$

5,779

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

3,544

 

$

331

 

$

534

 

$

4,409

 

$

1,475

 

$

88

 

$

(256

)

$

5,716

 

 

(A)         Excludes $38.6 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 OPERATING DATA

Year-ended April 30, 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

 

$

976,698

 

$

551,501

 

$

84,018

 

$

1,612,217

 

$

795,596

 

$

50,214

(A)

$

(25,627

)(B)

$

2,432,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

9,074

 

34,425

 

11,075

 

54,574

 

22,681

 

 

 

 

 

 

 

Single-sections

 

 

 

 

 

 

 

 

 

8,145

 

 

 

 

 

 

 

Multi-sections

 

 

 

 

 

 

 

 

 

14,536

 

 

 

 

 

 

 

Pre-owned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

6,868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

2,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

30,246

 

 

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

4,179

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

107,637

 

$

16,020

 

$

7,586

 

NM

 

$

35,078

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

13.4

%

12.5

%

12.8

%

13.3

%

24.3

%

15.4

%

NM

 

17.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

5,364

 

$

1,067

 

$

(6,215

)

$

216

 

$

38,818

 

$

2,244

 

$

(11,773

)

$

29,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

0.5

%

0.2

%

(7.4

)%

0.0

%

4.9

%

4.5

%

NM

 

1.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

4,934

 

$

2,068

 

$

1,295

 

$

8,297

 

$

7,000

 

$

1,279

 

$

6,630

 

$

23,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

5,617

 

$

1,589

 

$

539

 

$

7,745

 

$

5,132

 

$

642

 

$

2,323

 

$

15,842

 

 

(A)          Excludes $159.5 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
Year-ended April 24, 2005
(Unaudited)
(Dollars in thousands, except price per unit)

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

 

 

 

 

Motor
Homes

 

Travel
Trailers

 

Folding
Trailers

 

Total

 

Housing
Group

 

Supply
Group

 

Other

 

Company
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

1,097,091

 

$

477,610

 

$

85,181

 

$

1,659,882

 

$

785,547

 

$

57,020

(A)

$

(127,737

)(B)

$

2,374,712

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units sold

 

10,566

 

28,927

 

11,253

 

50,746

 

23,962

 

 

 

 

 

 

 

Single-sections

 

 

 

 

 

 

 

 

 

7,524

 

 

 

 

 

 

 

Multi-sections

 

 

 

 

 

 

 

 

 

16,438

 

 

 

 

 

 

 

Pre-owned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class As

 

8,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class Cs

 

2,379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conventional trailers

 

 

 

22,126

 

 

 

 

 

 

 

 

 

 

 

 

 

Fifth-wheel trailers

 

 

 

6,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average selling price per unit

 

$

103,832

 

$

16,511

 

$

7,570

 

NM

 

$

32,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit percent

 

14.6

%

7.7

%

11.1

%

12.4

%

22.2

%

16.6

%

NM

 

16.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

$

27,702

 

$

(40,897

)

$

(25,974

)

$

(39,169

)

$

6,387

 

$

3,816

 

$

(14,572

)

$

(43,538

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating margin

 

2.5

%

(8.6

)%

(30.5

)%

(2.4

)%

0.8

%

6.7

%

NM

 

(1.8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

4,142

 

$

2,132

 

$

1,373

 

$

7,647

 

$

6,802

 

$

1,527

 

$

6,182

 

$

22,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (est.)

 

$

21,627

 

$

1,156

 

$

1,196

 

$

23,979

 

$

4,707

 

$

1,233

 

$

3,805

 

$

33,724

 

 

(A)               Excludes $175.8 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 April 30, 2006
(Unaudited)
(Dollars in thousands)

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

Motor
Homes

 

Travel
Trailers

 

Folding
Trailers

 

Total

 

Housing
Group

 

Supply
Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of facilities (A)

 

3

 

9

 

1

 

13

 

22

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capacity utilization (B)

 

60

%

90

%

36

%

NM

 

43

%

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of independent distribution points

 

269

 

584

 

495

 

NM

 

1,241

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Backlog units

 

1,187

 

4,008

 

125

 

5,320

 

721

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales value (C)

 

$

134,551

 

$

67,667

 

$

949

 

$

203,167

 

$

27,631

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dealer inventories (units)

 

3,962

 

15,680

 

7,416

 

NM

 

7,463

 

NM

 

 

(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 April 24, 2005
(Unaudited)
(Dollars in thousands)

 

 

Recreational Vehicle Group

 

 

 

 

 

 

 

Motor
Homes

 

Travel
Trailers

 

Folding
Trailers

 

Total

 

Housing
Group

 

Supply
Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of facilities (A)

 

3

 

7

 

1

 

11

 

21

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capacity utilization (B)

 

61

%

60

%

41

%

NM

 

55

%

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of independent distribution points

 

264

 

612

 

519

 

NM

 

1,323

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Backlog units

 

1,370

 

1,798

 

235

 

3,403

 

1,682

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales value (C)

 

$

142,936

 

$

29,399

 

$

1,717

 

$

174,052

 

$

56,932

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dealer inventories (units)

 

4,398

 

18,320

 

8,369

 

NM

 

 

 

NM

 

Independent

 

 

 

 

 

 

 

 

 

7,040

 

 

 

Retail

 

 

 

 

 

 

 

 

 

2,196

 

 

 

 

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

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

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

NM            Not meaningful.