=Winnebago (WGO) reported earnings on Wed 20 June 18 (b/o)

Winnebago beats by $0.09, beats on revs 

• Reports Q3 (May) earnings of $1.02 per share, $0.09 better thanthe Capital IQ Consensus of $0.93; revenues rose 18.0% year/year to $562.3 mln vs the $540.59 mln Capital IQ Consensus.
• During the quarter, the Company utilized a portion of its tax reform benefit for employee bonuses and making a contribution to its foundation, leading to a one-time expense of $3.4 million, or $0.11/share, net of tax.
• Consolidated Adjusted EBITDA was $53.4 million for the quarter, compared to $47.3 million last year, an increase of 12.7% driven by strong Towable segment revenue and profit growth.

Winnebago (WGO) reported earnings on Wed 21 June 2017 (b/o)

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Winnebago misses by $0.07, beats on revs :

• Reports Q3 (May) earnings of $0.61 per share, $0.07 worse than the Capital IQ Consensus of $0.68; revenues rose 75.1% year/year to $476.4 mln vs the $440.94 mln Capital IQ Consensus.
• Gross profit was $70.8 million, an increase of 134.0% compared to $30.3 million for the Fiscal 2016 period as gross profit margins expanded 380 basis points driven by a favorable product mix, including the addition of Grand Design products within the overall sales mix.
• "Solid macroeconomic fundamentals, combined with a surge of younger demographics embracing the outdoor lifestyle, as well as expanding use cases for RVs, suggest continued runway for increasing RV shipments and retail. The strong growth in the Towable segment validates our full-line strategy and demonstrates our momentum, and we are pleased to note healthy and increasing backlog in both the Motorized and Towable segments this quarter. As a result, we have approved investments in expanded capacity, including the addition of approximately 40% more production space within our Grand Design business.

Winnebago (WGO) reported earnings on Wed 22 March 2017 (b/o)

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Winnebago beats by $0.04, beats on revs :

• Reports Q2 (Feb) GAAP earnings of $0.48 per share, $0.04 better than the Capital IQ Consensus of $0.44; revenues rose 64.2% year/year to $370.5 mln vs the $345.19 mln Capital IQ Consensus. Gross profit was $49.3 million, an increase of 95.1% compared to $25.3 million for the Fiscal 2016 period as gross profit margins expanded 210 basis points driven by the favorable inclusion of Grand Design products within the overall sales mix.
• Motorized
  • Revenues for the Motorized segment were $198.9 million for the quarter, down 3.0% from the previous year. Although unit deliveries were up 3.6% over the prior year same quarter, the average selling price of product sold decreased 5.2% due to a shift in product mix. Segment Adjusted EBITDA was $9.1 million, down 22.3% from the prior year. Adjusted EBITDA decreased 110 basis points, primarily driven by product mix, pricing pressures and acceleration of West Coast operations.
• Towable
  • Revenues for the Towable segment were $171.6 million for the quarter, up $151.0 million over the prior year, driven by the addition of $143.6 million in revenue from the Grand Design acquisition and continued strong organic growth from Winnebago-branded Towable products in excess of 36%. Segment Adjusted EBITDA was $20.0 million, up $18.4 million over the prior year. Adjusted EBITDA increased 400 basis points primarily due to the inclusion of Grand Design's products within this segment.

Winnebago (WGO) reported earnings on Thur 24 March 2016 (b/o)

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Winnebago Inds beats by $0.01, misses on revs :

• Reports Q2 (Feb) earnings of $0.35 per share, $0.01 better than the Capital IQ Consensus of $0.34; revenues fell 3.8% year/year to $225.67 mln vs the $233.34 mln Capital IQ Consensus.
• "With the success of recent new products, a current robust backlog, and ongoing investments in new systems and facilities, we believe we have a strong foundation to continue to build future value for our dealers, customers, and shareholders."

Winnebago Inds (WGO) reported earnings on Thur 17 Dec 2015 (before open)

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Winnebago Inds misses by $0.05, misses on revs :

• Reports Q1 (Nov) earnings of $0.32 per share, $0.05 worse than the Capital IQ Consensus of $0.37; revenues fell 4.5% year/year to $214.2 mln vs the $226.26 mln Capital IQ Consensus. 
• First quarter gross margin increased 90 basis points year-over-year due in part to improved motorized product mix, a greater contribution from towables, lower workers' compensation expense and the realization of cost-saving benefits related to the Company's strategic sourcing initiative. The improvement was partly offset by continued labor-related manufacturing inefficiencies and unfavorable trends in warranty expense.
• First quarter Fiscal 2016 consolidated revenues decreased due primarily to lower motorized unit shipments of 5.4%, driven by reduced throughput due to manufacturing inefficiencies and a heightened focus on quality. However, towable revenues grew 24.1%, due to higher towables unit volume of 49.5%, partly offset by lower average selling price (:ASP) of 17.5%.