Winnebago reports Q4 adjusted EPS 71c, consensus 53c

Reports Q4 revenue $777.3M, consensus $726.4M. “I am proud of our team’s efforts in delivering solid overall results in the fourth quarter, especially given the challenging operating environment,” said Michael Happe, President and Chief Executive Officer of Winnebago (WGO) Industries. “We drove stronger revenue, improved profitability, gained share in key segments and delivered solid operating cash flow and an improved leverage position. Our performance clearly reflects the advantages of a diversified product portfolio, as strong momentum across our brands and product lines helped offset the operating margin pressure stemming from the ongoing turnaround of our Winnebago-branded businesses, which is proceeding positively.”