The share of Winnebago Industries in the pre-conference transactions is strengthened by 6.4%, as the company of motor products and for outdoor areas, announced record profits and revenues for the first quarter of the year.
Net income was $ 99.6 million, or $ 2.90 a share, up from $ 57.4 million, or $ 1.70 a year, a year ago.
Adjusted earnings per share of $ 3.51, exceeded analysts’ estimates of $ 2.34.
Revenue of $ 1.156 billion rose to $ 793.1 million, well above estimates of $ 1.029 billion.
Winnebago continued to gain market share, reaching 13.3% for the quarter ending in October.
The gross margin stood at 19.8%, higher by 250 basis points compared to the previous year.
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Source From: Capital
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