Winnebago: Fiscal 4Q Earnings Snapshot
FOREST CITY, Iowa (AP) _ Winnebago Industries Inc. (WGO) on Wednesday reported fiscal fourth-quarter net income of $31.9 million.
The Forest City, Iowa-based company said it had net income of $1.01 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The recreational vehicle maker posted revenue of $530.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $528.7 million.
For the year, the company reported profit of $111.8 million, or $3.52 per share. Revenue was reported as $1.99 billion.
Winnebago shares have increased 77% since the beginning of the year. The stock has increased 53% in the last 12 months.