Winnebago Industries (WGO) Tops Q2 EPS by 20c

Winnebago Industries (NYSE: WGO) reported Q2 EPS of $0.53, $0.20 better than the analyst estimate of $0.33. Revenue for the quarter came in at $225.7 million versus the consensus estimate of $233.34 million.

President and Chief Executive Officer Michael Happe commented, “Since arriving in mid-January, I have enjoyed the privilege of actively engaging with many of Winnebago's employees, dealers, and our Board of Directors. All are extremely committed to building a stronger future for this iconic brand, leveraging an already impressive legacy. While we are pleased with the improved profitability delivered this quarter and the strong continued momentum of our Towables business, we are mindful of lower motorized revenues against the industry's strong fundamentals. Our motorized team will continue to focus on delivering the industry's highest level of product quality while working to create sustainable, increased levels of manufacturing output. With the success of recent new products, a current robust backlog, and ongoing investments in new systems and facilities, we believe we have a strong foundation to continue to build future value for our dealers, customers, and shareholders.”

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

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