Forest City, IA – RadioIowa – Despite bad winter weather, Forest City-based Winnebago Industries reports a better-than-expected second quarter. Revenues increased over 29-percent during the quarter to 228-point-8 million dollars, up more than 51-million from a year ago. Net income rose to 9-point-6 million dollars, up more than 3-million from a year earlier. Winnebago C-E-O Randy Potts says he’s pleased to see his company’s positive results in a soft motor home market.
He says the improvement in earnings was lessened by various factors, including severe winter weather conditions that caused some issues not only locally, but nationwide for Winnebago.
Potts says the Winnebago name continues to draw a strong demand for the product lineup, which will include several new products heading into the spring and summer.
For the first half of Winnebago’s fiscal year, revenues were 451-and-a-half million dollars, an increase of almost 22-percent from 370-point-7 million, with net income growing almost 52-percent to 20-point-7 million.