Winnebago Misses Q4 Earnings Estimates

Its backlog of motor home orders is the highest in five years

By Christopher Freeburn, InvestorPlace Writer

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.

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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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