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FLEETWOOD REPORTS FIRST QUARTER SALES INCREASE

 FLEETWOOD REPORTS FIRST QUARTER SALES INCREASE
 RIVERSIDE, Calif., July 30 /PRNewswire/ -- Fleetwood Enterprises


Inc. (NYSE: FLE), the nation's leading producer of recreational vehicles and manufactured housing, today announced higher sales for the first quarter which ended July 26, 1992. As a result of sales gains for both manufactured housing and recreational vehicles, preliminary consolidated revenues increased 18 percent to about $470 million, compared to $398.5 million last year.
 Manufactured housing sales increased sharply in the first quarter, rising 25 percent to nearly $180 million compared to $143.3 million last year. Fleetwood plants in all of the major regions in the country except Florida recorded sales gains in the July period.
 Commenting on the housing increase, Fleetwood President Glenn Kummer said, "Our strong housing sales reflect a resurgence in overall market demand as well as increased market share for Fleetwood products. We believe the improved market penetration in large part stems from the growing public awareness of Fleetwood's commitment to quality."
 Recreational vehicle revenues were up 14 percent in the first quarter to approximately $279 million, compared to $245.2 million a year ago. The growth in RV sales mainly reflects a sharp rise in travel trailer volume which reached $103 million, a 29 percent improvement over last year's $80.2 million. Motor home sales were only slightly higher in the July quarter, rising 5 percent to about $162 million vs. $154.7 million last year. The company's folding trailer division posted a healthy 35 percent increase in sales to nearly $14 million, up from $10.3 million in last year's first quarter.
 Commenting on the RV sales increase, Kummer said, "Although we are pleased to report sales gains, we have been concerned about a slowdown in recreational vehicle orders over the past few months. Retail sales this summer are comfortably ahead of last year, but RV dealers have been cautious in placing orders in view of the fragile and uncertain economic environment."
 Fleetwood's finance and supply subsidiaries together contributed first quarter revenues of $11 million, compared to $10.0 million in last year's first period.
 Final sales and earnings as well as unit shipments by product line will be announced in about four weeks.
 -0- 7/30/92
 /CONTACT: Paul M. Bingham, 714-351-3504, or Lyle N. Larkin, 714-351-3535, both of Fleetwood Enterprises Inc./
 (FLE) CO: Fleetwood Enterprises Inc. ST: California IN: AUT SU:


LS-JL -- LA008 -- 4907 07/30/92 08:20 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
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