Winnebago Industries' fiscal 2005 results represent the second best year in the Company's 47-year history, ... While revenues and earnings were lower than last year, I am still extremely proud of the performance of the Company.
We believe the decrease in backlog at fiscal 2005 year end is due to lower consumer confidence levels, driven primarily by the volatility of fuel costs,
to lower consumer confidence levels, driven primarily by the volatility of fuel costs. We anticipate these factors, along with a continued shift in product mix, to continue into fiscal 2006.