NEWS RELEASES
Winnebago Announces Record First Quarter Revenues, Withdraws From Chicago Exchange
Editor's Note: This news item was retrieved and first published through Winnebago's website.
FOREST CITY, Iowa - Winnebago Industries (NYSE: WGO) announced it will voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange, effective on or about December 31, 2018. Its stock will continue to be listed on the New York Stock Exchange (NYSE). The company hopes to reduce administrative costs associated with a dual listing. Trading on the Chicago Stock Exchange amounted to just 0.01% of the total trading volume in Winnebago common stock during the past year.
The announcement came the day before Winnebago announced record revenues during the 2019 first fiscal quarter, up 9.7% compared to the previous year. Gross profit increased 13% to $71 million, thanks to strong growth in the towable division and improved margins in the motorhome division, as well as integration of the new marine division. First quarter net income was $22.2 million, an increase of 23.4% over the previous year.
For additional information, visit the Winnebago Industries Investor website.