Winnebago easily tops predictions in first quarter
BPC Staff Dec 20, 2017 | 9:15 pm
<1 min read time110 wordsAll Latest News, Insurance & Investments, Manufacturing & Logistics
Winnebago Industries Inc. reported today that it easily topped its fiscal first-quarter forecasts, partly on the strength of its acquisition of Grand Design, Investor’s Business Daily reported. For example, earnings per share came in at 57 cents, 7 cents above predictions. Revenue from motorized units fell 2.4 percent to $190.4 million, while revenue from towable units rose to $259.7 million from $50.2 million with the Grand Design acquisition. “We remain optimistic about the strength of the RV marketplace as a whole, with overall U.S. shipments expected to exceed 500,000 units in 2017, and a ninth consecutive year of growth projected in 2018,” CEO Michael Happe said in a statement.