Winnebago Industries Q2 Profit Increases - Quick Facts

(RTTNews) - Winnebago Industries Inc. (WGO), United States recreation vehicle manufacturer, reported that its net income for fiscal 2016 second quarter was $9.4 million, or $0.35 per share, an increase from $8.1 million, or $0.30 per share, in the same period last year.

Revenues for the fiscal 2016 second quarter ended February 27, 2016, were $225.7 million, a decrease of 3.8%, compared to $234.5 million for the Fiscal 2015 period.

Second quarter Fiscal 2016 consolidated revenues decreased year over year due primarily to lower motorized unit shipments of 3.4% and the Company's exit of aluminum extrusion sales to outside customers. Partly offsetting the decline was revenue growth of 33.8% in towables due to an increase in unit deliveries.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share and revenues of $233.34 million for the quarter. Analysts' estimates typically exclude special items.

On March 16, 2016, the Company's board of directors approved a quarterly cash dividend of $0.10 per share payable on April 27, 2016, to common stockholders of record at the close of business on April 13, 2016.