Winnebago Stock Hits Pothole On Surprise Profit Drop WGO THO DW

26 Mar 2015 | Author: | No comments yet »

Careening off the earnings highway.

Iowa-based Winnebago reported earnings of $8.1 million, or 30 cents per share, down 15.6% from $9.6 million (35 cents) in the year-ago quarter. Winnebago Industries, Inc. (NYSE: WGO), a leading United States (U.S.) recreation vehicle manufacturer, today reported financial results for the Company’s second quarter of Fiscal 2015 ended February 28, 2015. Quarterly Cash DividendThe Company’s board of directors approved a quarterly cash dividend of $0.09 per share payable on May 6, 2015, to common stockholders of record at the close of business on April 22, 2015. The RV and trailer manufacturer was expected to post higher sales on sharply lower gasoline and diesel fuel prices, and the company said orders grew nearly 60% in the quarter. A complete and full-text financial results press release is accessible at the “Investor Relations” section of the Company’s website at: http://investor.wgo.net.

No one else in the industry has this capability.” The new e-coat system processes piece parts and assemblies through a 10-stage, full-immersion electro-coating system capable of accepting loads 5′ wide x 16′ long x 6′ high. But revenue came in at $234.5 million, about 10% below Wall Street estimates. “Intuitively, you think it would be very good news for our business,” Potts said in a morning call with stock analysts. “Our products consume oil-based fuel, and that should be a tailwind for us. About Winnebago IndustriesWinnebago Industries, Inc., “The Most Recognized Name In Motorhomes®,” is a leading U.S. manufacturer of recreation vehicles, which are used primarily in leisure travel and outdoor recreation activities.

The first seven stages are used for pretreatment and involve cleaning, treating with a nano-ceramic conversion coating and deionized water rinse for good conductivity. So, I got to believe it’s providing a good base for the state of business.” “The particular issues that were extraordinarily painful in the first quarter have subsided, but in the nature of the RV business and the type of supply base we have, we’re always challenged with some type of supply issues, whether it’s just lack of supply or quality issues with particular components,” Potts said. “We’re always dealing with some of that – we aren’t today as we speak – but nothing on the scale of what we saw in the first quarter.” For access to Winnebago Industries’ investor relations material, or to add your name to an automatic email list for Company news releases, visit, http://investor.wgo.net. Image Available: http://www.marketwire.com/library/MwGo/2015/3/25/11G036612/Images/E_Coat_Parts_Dip-1207248621030.JPG Image Available: http://www.marketwire.com/library/MwGo/2015/3/25/11G036612/Images/E_Coat_System_Tanks-1388394889229.JPG

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