Winnebago Industries (WGO) Tops Q4 EPS by 2c

October 13, 2016 7:05 AM EDT
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Winnebago Industries (NYSE: WGO) reported Q4 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $263.3 million versus the consensus estimate of $252.52 million.

President and Chief Executive Officer Michael Happe commented, “Fourth-quarter revenues increased year over year, driven by continued strong growth in our towables business as well as modest improvement in motorized shipments. Importantly, income and gross margin also grew, due in part to our comprehensive strategic sourcing initiatives, a solid increase in labor efficiencies and lower warranty expense. Our towables business continues to be one of the primary performance drivers, as shipments and retail registrations both outperform the market, thanks to several new products and increased dealer outlets. The motorized team drove a higher level of manufacturing output while also working hard to deliver more consistent levels of product quality. I want to thank all the employees at Winnebago for their dedication in Fiscal 2016 and commitment to exceeding our customers' expectations in the future."

For earnings history and earnings-related data on Winnebago Industries (WGO) click here.

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