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Stock impact report

Winnebago (WGO) Q2 Earnings & Sales Top Estimates, Decline Y/Y [Yahoo! Finance]

Winnebago Industries, Inc. (WGO) 
Last winnebago industries, inc. earnings: 3/25 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Consensus Estimate of 86 cents but plummeting 50.5% year over year. The recreational vehicle (“RV”) maker reported revenues of $703.6 million for the quarter under review, outpacing the Zacks Consensus Estimate of $703 million. The top line, however, fell 18.8% year over year. Segmental Performance Towable RV : Revenues in the Towable RV segment fell 16.9% year over year to $284.7 million, primarily due to a reduction in unit volumes and average selling price. The metric also missed our estimate of $303.4 million. Total deliveries from the segment came in at 6,747 units, decreasing 9.3% year over year but beating our estimate of 6,330 units. Adjusted EBITDA declined 31.8% to $26.8 million owing to deleverage and increased warranty costs. The figure, however, came ahead of our estimate of $24.5 million. The segment's backlog was $222.3 million (5,273 units), decreasing 20.1%. Motorhome RV : Revenues in the Motorhome RV segment slid 16.2% year over year to $338.4 million due to a Show less Read more
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