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WINNEBAGO INDUSTRIES REPORTS NET INCOME, SALES FOR QUARTER, YEAR; STRONG SALES INCREASES SEEN

 FOREST CITY, Iowa, Oct. 22 /PRNewswire/ -- Winnebago Industries, Inc., today announced revenues of $107,290,000 in the fourth quarter ended Aug. 28, 1993, an increase of 24.8 percent over revenues of $85,949,000 in the comparable period one year ago. The company reported net income of $3,175,000, or 13 cents per share, for the fourth quarter of fiscal 1993, an increase of 37 percent over the net income of $2,317,000, or 11 cents per share, reported for the same period one year ago.
 Revenues of $384,083,000 for fiscal 1993 showed an increase of 30.2 percent over the revenues of $294,994,000 for fiscal 1992. Net income for fiscal 1993 showed significant improvement with net income of $9,278,000, or 37 cents per share, versus a net loss of $10,569,000, or 42 cents per share, for fiscal 1992.
 "Fiscal 1993 was an excellent year for growth at Winnebago Industries," said Fred G. Dohrmann, Winnebago Industries president and chief operating officer. "Overall, motor home shipments increased by 22.9 percent during fiscal 1993 when compared to the previous year."
 Winnebago Industries' motor home market share continues to increase and outperform the industry. As indicated by the most recent report from Statistical Surveys, Inc., an independent industry reporting service from Grand Rapids, Mich., Winnebago Industries received over 18 percent of all Class A & C retain motor home sales in July.
 Calendar year 1993 through July, Winnebago Industries attained over 17 percent of the Class A&C market, an increase of 18 percent over the same period last year. This increase compares very favorably to an industry increase of only 2.5 percent for the same time period.
 Retail sales for Class A models of Winnebago Industries brands, including Winnebago, Itasca, Elante' and Vectra, attained over 20 percent market share in July. Winnebago brand also continued to be the leading Class A brand for the third consecutive month.
 Substantial revenue growth was seen in fiscal 1993 at the company's Cycle-Sat subsidiary. Revenues increased 45 percent to a record $14.8 million from $10.2 million in the previous fiscal year. The client base rose by 65 percent in fiscal year 1993 through the implementation of more focused marketing plans.
 "We're off to an excellent start in fiscal 1994 and the outlook appears extremely promising," Dohrmann continued. "Normally this is a time when motor home production starts slowing down for the winter, but overtime has been scheduled this month to meet the increased product demand. We anticipate growth in revenues and market share to continue throughout 1994, due to the excellent acceptance of our recently introduced 1994 products.
 "Additional new products are currently being developed for a spring market introduction," Dohrmann said. "As the technology leader in the RV industry, we look for further market share expansion by designing and building high quality, high value products."
 "Cycle-Sat also has excellent growth potential," said Cycle-Sat, Inc. President Loren Swenson, "Due to the continued growth of our customer base and the further development of innovative new products."


WINNEBAGO INDUSTRIES
RESULTS FROM CONTINUING OPERATIONS: QUARTER ENDED
 8/28/93 8/29/92
 Net revenues $107,290,000 $ 85,949,000
 Operating income 3,503,000 2,933,000
 Financial expense (328,000) (200,000)
 Income before taxes 3,175,000 2,733,000
 Provision for taxes -- --
 Income from continuing operations 3,175,000 2,733,000
 Loss from discontinued operations -- (416,000)
 Net income $ 3,175,000 $ 2,317,000
 Net income (loss) per common share:
 Continuing operations $.13 $.11
 Discontinued operations - (.02)
 Net income $.13 $.09
 Average weighted number of
 shares outstanding 25,067,000 25,021,000
 RESULTS FROM CONTINUING OPERATIONS: YEAR ENDED
 8/28/93 8/29/92
 Net revenues $384,083,000 $294,994,000
 Operating income (loss) 8,287,000 (1,088,000)
 Financial expense (96,000) (585,000)
 Income (loss) before taxes 8,191,000 (1,673,000)
 Provision (credit) for taxes (1,087,000) 96,000
 Income (loss) from
 continuing operations 9,278,000 (1,769,000)
 Loss from discontinued operations -- (1,026,000)
 Cumulative effect of change in
 accounting principle -- (7,774,000)
 Net income (loss) $ 9,278,000 $(10,569,000)
 Net income (loss) per common share:
 Continuing operations $.37 $(.07)
 Discontinued operations - (.04)
 Cumulative effect of change
 in accounting principle - (.31)
 Net income (loss) $.37 $(.42)
 Average weighted number of
 shares outstanding 25,042,000 25,016,000
 -0- 10/22/93
 /CONTACT: Sheila Davis of Winnebago, 515-582-6803/
 (WGO)


CO: Winnebago Industries, Inc. ST: Iowa IN: LEI AUT SU: ERN

LG -- NY059 -- 5828 10/22/93 15:05 EDT
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Date:Oct 22, 1993
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