Winnebago Industries, Inc. (NYSE: WGO) reported Q3 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $247.7 million versus the consensus estimate of $248.64 million.

Year over year, third quarter earnings growth was driven by higher motorhome unit sales, gross margin improvement, operating expense leverage, and in part a significant improvement in towables operating income. Motorhome unit growth of 17.8% was partially offset by lower motorhome average selling prices (ASP) of 4.1% as a result of product mix, leading to motorhome revenue growth of 13.6%. Additionally, third-quarter towable unit deliveries grew 2.0% and towable ASP increased 11.5%, contributing to towable revenue growth of 11.9% compared to the same period of last year.

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