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Article: Fleetwood Reports Results for Second Quarter and First Six Months of Fiscal 2009.
- Article from:
- PR Newswire
- Article date:
- November 25, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Company provides updated details on major restructuring plan -
RIVERSIDE, Calif., Nov. 25 /PRNewswire-FirstCall/ -- Fleetwood Enterprises, Inc. announced today its results for the second quarter and first half of fiscal 2009 ended October 26, 2008, along with additional details on its major restructuring program intended to stem losses and reduce annualized fixed costs by at least $40 million.
Consolidated Results
Consolidated revenues for the quarter were $216.4 million, down 54 percent from $468.5 million in last year's second quarter. RV Group sales declined 63 percent, and Housing Group sales were off 33 percent. The Company incurred ...