Winnebago Industries Q3 Profit Tops View

Winnebago Industries Inc. (WGO) reported that its net income for the third quarter of fiscal 2021 was $71.3 million or $2.05 per share compared to a net loss of $12.4 million or $0.37 per share in the prior year fiscal quarter.

Operating income was $102.4 million for the quarter compared to a loss of $8.2 million in the third fiscal quarter of last year.

Consolidated adjusted earnings per share was $2.16 for the third quarter compared to adjusted loss per share of $0.26 in the same period last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.77 per share for the third-quarter. Analysts' estimates typically exclude special items.

Revenues for the third quarter were $960.7 million, an increase of 138.7% from last year's $402.5 million, driven by strong end consumer demand and consistent execution.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
Follow RTT