Winnebago Industries Inc. WGO, -11.85% topped revenue expectations for its fiscal fourth quarter as the maker of recreational vehicles and other outdoor items said that its products were resonating with consumers. The company posted net income of $82.6 million, or $2.61 a share, compared with $84.1 million, or $2.45 a share, in the year-prior quarter. Analysts tracked by FactSet were expecting $2.57 a share in net earnings. The company also posted $139.2 million in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) during the quarter, up from $129.0 million a year before, while analysts had been looking for $135 million. Winnebago’s revenue rose to $1.18 billion from $1.04 billion. The FactSet consensus was for $1.12 billion. Chief Executive Michael Happe said in a release that the company’s “leading premium outdoor brands…continue to resonate with our increasingly diverse outdoor-recreation consumer base.” While he expects continued macroeconomic uncertainty headed into Winnebago’s new fiscal year, he added that he was “confident that our transformed and evolving business platform positions us for continued success into the future.” Shares of Winnebago are up 6.2% over the past three months as the S&P 500 SPX, -1.23% has fallen 2.9%.
