Dec 20 Winnebago Industries Inc, the
largest U.S. motor home maker, reported stronger-than-expected
earnings and revenue for the first quarter, driving its shares
up as much as 15 percent.
The company said its motorhome order backlog had more than
tripled from a year earlier to 2,118 units as of Dec. 1.
"We have continued to increase our production schedule and
have hired additional employees to meet this improved demand
during the last two fiscal quarters," Chief Executive Randy
Potts said in a statement on Thursday.
Winnebago introduced new low-priced models after the 2008
recession reduced demand for higher-end motorhomes costing up to
Net income rose to $7.4 million, or 26 cents per share from
$1 million, or 4 cents per share, a year earlier. Revenue rose
47 percent to $193.6 million. (ID:)
Analysts on average were expecting earnings of 10 cents per
share on revenue of $155.3 million, according to Thomson Reuters
Winnebago shares were up 14.6 percent at $16.14 in early
trading on the New York Stock Exchange.