Winnebago Industries Q4 Profit Increases

(RTTNews) - Winnebago Industries Inc. (WGO) Wednesday announced 12.2 percent increase in fourth quarter net income to $13.1 million or $0.49 per share from $11.7 million or $0.43 per share in the prior year.

On average, six analysts polled by Thomson Reuters expected the company to earn $0.31 per share. Analyts estimates usually exclude special items. Revenue for the quarter increased 4.9 percent to $263.3 million from $251 million in the previous year. Wall Street expected the company to report revenue of $232.34 million.

The company noted that the increase in earnings were due to higher shipments of 3 percent in motorized units and 57.5 percent in towables. Current quarter revenues were impacted negatively by $5.4 million as the company exited the sale of aluminum extrusions to customers during the year.