(Adds details, estimates, shares)
March 27 Winnebago Industries Inc, the
largest U.S. motorhome maker, reported a better-than-expected 53
percent jump in profit as it sold more motorhomes to dealers in
a quarter marked by storm-related disruptions to transportation
The company's total motorhome deliveries rose 45 percent to
2,055 units in the second quarter ended March 1, while trailer
shipments rose 5 percent to 575.
"We achieved strong results for the quarter, notwithstanding
challenges associated with the severe winter weather," Chief
Executive Randy Potts said in a statement. (r.reuters.com/byd97v)
Storms and colder-than-usual weather hit many businesses in
North America during December and January.
Winnebago's results contrast those of rival Thor Industries
, which blamed the weather for its lower-than-expected
revenue in the second quarter.
Winnebago's net income rose to $9.6 million, or 35 cents per
share, in the quarter from $6.3 million, or 22 cents per share,
a year earlier.
Revenue rose 29 percent to $228.8 million.
Analysts on average had expected a profit of 30 cents per
share on revenue of $199.6 million, according to Thomson Reuters
Winnebago, which sells motorhomes under the Winnebago,
Itasca and Era brands, said its order backlog rose 5.4 percent
to 2,900 motorhomes in the quarter.
The company's shares closed at $26.60 on the New York Stock
Exchange on Wednesday.
The stock has fallen 16 percent since Winnebago reported its
first-quarter earnings on Dec. 19.
(Reporting by Mridhula Raghavan and Ankit Ajmera in Bangalore;
Editing by Kirti Pandey)