Fleetwood Enterprises, Inc. (NYSE:FLE) is one of the largest producers 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 employs approximately 8,000 people in strategically located facilities in the United States and Mexico.
Established in 1950 to build travel trailers, Fleetwood today manufactures a wide range of RV products, including diesel and gasoline-powered motor homes, travel trailers and folding trailers. The Company's production of quality manufactured and modular housing makes it one of the nation's largest homebuilders. Supply operations provide fiberglass and other components to both Fleetwood plants and outside customers.
The Company's brand names are valuable assets. Discovery is consistently a leading diesel motor home. Pace Arrow, Southwind, and Bounder are among the top-selling Class A gasoline-powered motor homes. The Terry and Prowler travel trailers now have second and third generations of users, and Fleetwood folding trailers have a market share of almost 40 percent. On the manufactured housing side, independent studies have shown that Fleetwood is the industry's best-known brand name.
In March 2005, a 30-year veteran of the Company, Elden L. Smith, returned as President and Chief Executive Officer. Under his leadership, the Company is once again focused on making Fleetwood the most respected manufacturer in its industries, producing RVs and factory-built housing that exceed customers' expectations while generating industry-leading returns for investors.
Fleetwood is a market leader in both businesses and is now beginning to capitalize on its strengths. Both RVs and manufactured housing should benefit from favorable demographics over the next decade. For more information, visit the Company's website at www.fleetwood.com.
