Winnebago revenues jump 46% in first quarter

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Winnebago Industries Inc. on Friday reported record fiscal first-quarter revenue of $1.2 billion, a 45.7% increase from $793.1 million in the prior-year quarter. Revenues excluding the recently acquired Barletta boat business were $1.1 billion, representing an organic growth rate of 37.5% over the prior year period, the company said, driven by continued strong consumer demand and pricing increases related to current and anticipated higher material and component costs. Reported earnings per diluted share were $2.90, compared with $1.70 in the same period last year. CEO Michael Happe said Winnebago’s RV retail market share was 13.3% as of October, an increase of 1.3 share points.