RV Industry recovering?

The Oct. 15, 2010 Wall Street Journal had an article regarding Winnebago and their improved earnings. The first paragraphs said:

Profit at recreational-vehicle maker Winnebago Industries Inc. has revved up in recent months, though the industry is still operating at half-speed, following a sales slide during the economic recession.

The Forest City, Iowa, company on Thursday posted a profit of $4.9 million, or 17 cents a share, for its fiscal fourth quarter that ended Aug. 28, compared with a year-earlier loss of $50.2 million, or $1.73 a share, which included a $1.41-a-share write-down of deferred tax assets. Revenue more than doubled to $123.1 million from a year earlier.

For the year, Winnebago said motor-home shipments more than doubled and dealer inventory for its vehicles jumped 21%.

Read the complete story at the Journal

This bodes well for the Bluegrass Industry which relies heavily on campers at outdoor festivals.