Archive for July, 2006

>RIVERSIDE, Calif., July 13 /PRNewswire-FirstCall/ — Fleetwood Enterprises, Inc. FLE announced today financial results for the fiscal 2006 fourth quarter and full year ended April 30, 2006.

Consolidated Results

Consolidated revenues from continuing operations for the fourth quarter of fiscal 2006 improved 8 percent to $602.6 million from $560.2 million in the prior year’s fourth quarter. The Company generated income from continuing operations of $2.8 million, or $0.04 per diluted share, versus incurring a loss from continuing operations of $55.8 million, or $1.00 per diluted share, in the fourth quarter of the prior year. Net income for the quarter, which included results from discontinued operations, was $1.7 million, or $0.03 per diluted share, compared to a net loss of $120.5 million, or $2.16 per diluted share, in the fourth quarter of the prior year.

For fiscal year 2006, consolidated revenues from continuing operations increased 2 percent to $2.43 billion from $2.37 billion in the prior year. Fleetwood’s loss from continuing operations narrowed sharply to $6.1 million, or $0.10 per diluted share, from $72.6 million, or $1.31 per diluted share, in fiscal 2005. The net loss for fiscal 2006 also was reduced significantly to $28.4 million, or $0.48 per diluted share, from a net loss of $161.5 million, or $2.92 per diluted share, in the prior year. Full Story…

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>VERLOT, WA — By early Thursday afternoon, yellow crime scene tape disappeared and police had reopened the Bear and Pinnacle Lake Trail where a mother and daughter were slain earlier in the week.

Hikers hadn’t returned, however, and the two-mile muddy path remained largely deserted — a situation, park officials said, that might be more about two days of rain than homicides.

Even so, the two deaths were on the minds of a handful of nearby campers in the popular forest area 15 miles east of Granite Falls on the Mountain Loop Highway.

Dennis Hill, 58, said he’d keep everyone in his group closer together as a result of the unsolved killings. “I figure my odds of being a victim are low,” the retired Kenmore resident said. “But it will influence what we do.” Full Story…

>Twenty-five years ago Buzzy and De Wood of Franklin began camping as a couple in a camper on the back of a truck.

As their three children grew, their needs changed. They upgraded to a tent trailer; then to a 19-foot travel trailer. Later they moved up to a 26-foot bunkhouse travel trailer, a fifth wheeler and then finally a self-contained motor home.

“With a motor home, there’s freedom,” said Buzzy Wood. “We have no clocks, we can go where we want to go, not where the hotels or airports are and we don’t have to pay for a hotel. It’s always been in my blood.”

Packing for the trips was always light — without an itinerary. “We’d just go out of the driveway and one of us would say: ’Well, we haven’t been to Maine yet,’ and that’s where we would go,” said De Wood. Full Story…

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