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Patrick Industries Inc. Message Board

  • davesmith49@rocketmail.com davesmith49 Mar 16, 2012 9:58 PM Flag

    WGO revenue up strong

    http://phx.corporate-ir.net/phoenix.zhtml?c=85260&p=irol-newsArticle&ID=1672881&highlight=


    "Revenues for the second quarter of Fiscal 2012 ended February 25, 2012 were $131.6 million, an increase of 23.5 percent, versus $106.6 million for the second quarter of Fiscal 2011."

    "...we are better positioned for the future with a stronger sales order backlog as compared to the prior year. Our motor home order position of current model year product is nearly sold out at this time and we are excited about the new 2013 product launch starting in our third quarter. We are cautiously optimistic about growth in the general economy, given the improvement in consumer confidence, employment and housing starts."

    My take, fuel price is NOT the primary driver of demand for RVs, not even a major factor. The driving factors are demographics (baby boomers retiring) and wealth/income when they retire (Fat IRAs due to stocks at multi-year highs).

 
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