Winnebago Industries: Q3 Earnings Insights

Shares of Winnebago Industries 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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!