Winnebago fourth-quarter income down, yearly income up  

Winnebago Industries Inc. today reported fourth-quarter financial results. Net income for the quarter that ended Aug. 27, was $3.5 million, or 12 cents per share, down from $4.9 million, or 17 cents per share, in the fourth quarter a year ago. Revenues increased to $130.5 million from $123.1 million a year ago, but results for the quarter were negatively affected by last-in, first-out inventory expenses, the company said. For the full fiscal year, net income was $11.8 million, or 41 cents per share, in 2011, up from $10.2, or 35 cents per share, million in 2010. Revenues for the year increased 10.4 percent.

Winnebago Industries Inc. today reported fourth-quarter financial results. Net income for the quarter that ended Aug. 27, was $3.5 million, or 12 cents per share, down from $4.9 million, or 17 cents per share, in the fourth quarter a year ago.

Revenues increased to $130.5 million from $123.1 million a year ago, but results for the quarter were negatively affected by last-in, first-out inventory expenses, the company said.

For the full fiscal year, net income was $11.8 million, or 41 cents per share, in 2011, up from $10.2, or 35 cents per share, million in 2010. Revenues for the year increased 10.4 percent.