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Winnebago Industries: Q3 Earnings Insights

Shares of Winnebago Industries (NYSE:WGO) rose 0.6% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 122.81% over the past year to ($0.26), which beat the estimate of ($0.44).

Benzinga · -

Shares of Winnebago Industries (NYSE:WGO) rose 0.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 122.81% over the past year to ($0.26), which beat the estimate of ($0.44).

Revenue of $402,458,000 decreased by 23.91% from the same period last year, which beat the estimate of $346,100,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jun 24, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/tfuuqfk6

Price Action

52-week high: $72.65

Company's 52-week low was at $16.94

Price action over last quarter: Up 127.55%

Company Profile

Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, and parts and services. With headquarters in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $2 billion in fiscal 2019. Class A motor homes account for 21% of motorized unit sales, Class B about 37%, and Class C holds the rest. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 83% of unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 44,420 in fiscal 2019. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft and intends to buy premium motorhome maker Newmar in November 2019.