by Christopher Freeburn | October 11, 2012 11:01 am
Winnebago Industries (NYSE:WGO) said on Thursday that it earned $40.9 million during its fiscal fourth quarter, up from $3.5 million in the same period last year. Adjusted EPS came in at 14 cents, which fell short of the 17 cents that analysts had projected, Reuters noted.
Quarterly revenue was $162.5 million, a 25% increase over last year, but narrowly missing the $163 million that Wall Street was expecting.
Company officials noted that demand for its motor homes is increasing and that they are raising production to meet orders. Winnebago delivered 2,016 units during the quarter, a 38% increase over last year. Its backlog of orders rose to 1,884 units, the most since late 2007.
The company also noted that operating expenses jumped 43% from last year, hitting $9.7 million.
Shares of Winnebago slipped fractionally in Thursday morning trading.
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