Exhibit 99.1

FLEETWOOD REPORTS FISCAL 2006 FOURTH QUARTER
AND FULL YEAR FINANCIAL RESULTS

Conference Call to Be Conducted Today at 1:30 p.m. EDT —

Riverside, Calif., July 13, 2006

— Fleetwood Enterprises, Inc. (NYSE: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.

“Fleetwood’s improved results reflect many factors, not the least of which is our successful restructuring effort,” said Elden L. Smith, president and chief executive officer. “The effects of empowering our associates to make decisions closer to the customer are becoming more apparent in improved designs, sales, product quality, service, and morale. Although the markets for motor homes and manufactured housing are currently sluggish, we are confident that we have the correct structure to react quickly to market changes and to continue to enhance our operations.”

Quarterly Results by Business Segment

Recreational vehicle sales for the quarter improved 13 percent to $430.2 million from $381.3 million in the prior year’s fourth quarter. The RV Group produced an operating profit of $2.2 million in the fourth quarter compared to incurring an operating loss of $29.8 million in the fourth quarter of the prior year. Despite a softer market, motor home sales were up compared with the prior year partially because of reduced promotional activity, the cost of which is netted against sales. Travel trailer revenues were boosted by $34 million in sales of emergency living units (ELUs) provided for disaster relief and also benefited from reduced promotional activity, as well as improved product acceptance at the dealer level. Folding trailer sales increased 18 percent during the quarter.

Revenues for the Housing Group dropped 18 percent to $157.5 million from $192.2 million in the prior fourth quarter. The decline was due primarily to the sale of the Company’s retail operations, which were downsized considerably soon after their disposition. The remaining stores continue to be part of an important customer relationship, albeit with more moderate sales volume than before



The following information was filed by Fleetwood Enterprises Inc on Thursday, July 13, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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