Winnebago Industries – WGO – Revenues higher in the quarter as compared to the prior year

Winnebago Industries, Inc. (NYSE:WGO), a leading United States (U.S.) recreation vehicle (RV) manufacturers, reported financial results for the Company’s third quarter of Fiscal 2012 and first nine months of Fiscal 2012.

Revenues for the third quarter of Fiscal 2012 ended May 26, 2012 were $155.7 million, an increase of 14.9 percent, versus $135.6 million for the third quarter of Fiscal 2011.  Included within consolidated revenues was $16.4 million associated with towable products, compared to $7.2 million for the third quarter of Fiscal 2011.  The Company reported an operating profit of $3.5 million for the quarter versus $538,000 for the third quarter of Fiscal 2011.  Net income for the third quarter was $3.9 million versus $1.2 million for the third quarter of Fiscal 2011.  On a diluted per share basis, the Company had net income of $0.13 for the third quarter of Fiscal 2012 versus $0.04 for the third quarter of Fiscal 2011.

WGO Revenues were higher in the quarter as compared to the prior year primarily due to an increase in wholesale deliveries of towable products and the increase in average selling price for all RV products due to the mix of higher priced products delivered.  The third quarter of Fiscal 2012 gross margin was positively impacted by better fixed cost absorption due to higher production levels as compared to the prior period.

WGO Revenues for the first nine months of Fiscal 2012 were $419.1 million, an increase of 14.6 percent, compared to $365.9 million for the first nine months of Fiscal 2011. The Company reported an operating profit of $3.0 million for the first nine months of Fiscal 2012, compared to $9.5 million for the same period of Fiscal 2011.  Net income for the first nine months of Fiscal 2012 was $4.1 million, or $0.14 per diluted share, versus $8.3 million, or $0.28 per diluted share, for the first nine months of the last fiscal year.

About Winnebago Industries – WGO

Winnebago Industries, Inc., (WGO) The Most Recognized Name In Motor Homes®, is a leading U.S. manufacturer of recreation vehicles used primarily in leisure travel and outdoor recreation activities.  The Company and its subsidiary build quality motor homes, travel trailers and fifth wheel products under the Winnebago, Itasca, Era and SunnyBrook brand names.  Winnebago Industries has received the Quality Circle Award from the Recreation Vehicle Dealers Association every year since the award’s inception in 1996.  The Company’s common stock is listed on the New York and Chicago Stock Exchanges and traded under the symbol WGO.  Options for the Company’s common stock are traded on the Chicago Board Options Exchange.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.