Report
David Whiston
EUR 100.00 For Business Accounts Only

Winnebago Industries Is Growing in Towables and in Sectors Outside RVs

Winnebago Industries finished fiscal 2018 with a good fiscal fourth quarter, including a 19% year-over-year increase in fourth-quarter EPS to $0.94 despite $1.3 million of transaction costs for premium boat maker Chris-Craft that was acquired in June. Results easily beat consensus EPS of $0.91. We are not changing our fair value estimate, but we will be updating our model once the 10-K is filed. Motorhome segment revenue grew 2.5% year over year, and unit volume rose 4.3% thanks to 59% and 11% i...
Underlying
Winnebago Industries Inc.

Winnebago Industries is a manufacturer with a portfolio of recreation vehicles and marine products used primarily in leisure travel and outdoor recreation activities. The company's reportable segments include: Towable, which is comprised of products which are not motorized and are generally towed by another vehicle as well as other related manufactured products and services; and Motorhome, which is comprised of products that include a motorized chassis as well as other related manufactured products and services. The company's subsidiary, Chris-Craft USA, Inc., manufactures and sells boats in the recreational powerboat industry through a network of independent authorized dealers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston

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