Winnebago Industries Q4 net income decreases
Oct 25, 2013 (MarketLine via COMTEX) --
Winnebago Industries, Inc., a manufacturer of recreation vehicles, has reported that net income for the fourth quarter ended August 31, 2013 was $10.62 million, or $0.38 per diluted share, compared to $40.91 million, or $1.41 per diluted share, for the same quarter ended August 25, 2012.
Net revenues for the fourth quarter ended August 31, 2013 were $214.25 million, compared to $162.53 million for the same quarter ended August 25, 2012.
Net income for the year ended August 31, 2013 was $31.95 million, or $1.13 per diluted share, compared to $44.97 million, or $1.54 per diluted share, for the year ended August 25, 2012.
Net revenues for the year ended August 31, 2013 were $803.16 million, compared to $581.68 million for the year ended August 25, 2012.
"Increased consumer and dealer demand for our products drove our exceptional growth in Fiscal 2013," said Winnebago Industries' chairman, CEO and President Randy Potts. "We have introduced a number of new and exciting products in product segments and price points new to Winnebago Industries, which will provide us with additional growth opportunities in the future.
"Many of these products are starting production this fall, such as the new Class B Travato and the new Class C Trend and Viva!, all of which are built on the new Ram ProMaster chassis. We pride ourselves on being an innovator and first to market, and these are prime examples of that process. We have had six consecutive quarters of increased sales order backlog. We believe this reflects the positive dealer response to our new 2014 model year products."
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