Report
David Whiston
EUR 100.00 For Business Accounts Only

Winnebago's Grand Design acquisition and new management are radically transforming the firm.

We are leaving our fair value estimate in place after Winnebago Industries reported a strong third quarter for fiscal 2018. The company posted record quarterly revenue and EPS that easily beat consensus, with revenue up 18% year over year and EPS up 67% to $1.02 versus consensus of $0.91. EPS would have been $1.13 excluding a $3.4 million net of tax charge for a one-time employee bonus and donation to the firm's charitable foundation following tax reform. Management will not give any financial 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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