News

Feb 02, 2006/PRNewswire-FirstCall via COMTEX/ -- Fleetwood Enterprises, Inc., a leading producer of recreational vehicles and manufactured housing, today announced preliminary revenues for the third quarter ended January 29, 2006, and the first nine months of fiscal 2006.

Revenues for the most recent third quarter increased 14 percent to approximately $580 million from $509 million in the same quarter last year. For the first nine months of the current fiscal year, revenues rose 1 percent to $1.83 billion from $1.81 billion in the prior year.

Shipments of FEMA homes positively impacted the third quarter's sales of manufactured housing by approximately $57 million, producing a revenue increase of 14 percent to approximately $209 million from $184 million a year ago.

"While we continue to be optimistic about the long-term future of manufactured housing, the lending environment has only gradually improved," Smith said. "The industry is experiencing growth in the Southeast and Southwest markets, but industry shipments to the rest of the country continue to be lower. As people begin to rebuild their lives on the Gulf Coast, we believe we will experience an increase in orders because manufactured homes are a well-accepted permanent housing alternative to site-built homes in that area. In addition, factory-built homes can be delivered more quickly than conventional homes, and are typically more affordable.

DALLAS, Jan 17, 2006 (BUSINESS WIRE) -- Palm Harbor Homes, Inc. (Nasdaq/NM:PHHM) today reported financial results for the third quarter and nine-month period of fiscal 2006, which ended December 30, 2005.

Net sales for the third quarter totaled $193.2 million compared with $154.6 million in the year-earlier period. Net income for the third quarter totaled $4.3 million, or $0.18 per diluted share, compared with a net loss of $4.6 million, or $0.20 per diluted share, a year ago. Results for the third quarter of fiscal 2005 included $2.8 million, or $0.12 per diluted share, for charges related to closing sales centers, streamlining retail operations and idling a production line.

Jan 19, 2006/PRNewswire-FirstCall via COMTEX/ -- Champion Enterprises, Inc., a leader in the factory-built housing industry, announced today that it will host its fourth quarter and year-end 2005 earnings conference call at 11 a.m. Eastern on Friday, February 10, 2006. The Company will release its financial results before the market opens.
Back to Industry Update

 

Greg Harmon - President
Commonwealth Real Estate Services
E-mail: greg@cwres.com
Telephone 503.244.2300 Ext. 101

 

 

 

Quick Links

 

[ About Us | Contact Us | Employment | Professional Affiliations ]


©2002 Commonwealth Real Estate Services. [Email]