NEWS RELEASES
Winnebago Revenues Top $2 Billion in 2018
Editor's Note: This news item was retrieved and first published through Winnebago Industries' website.
FOREST CITY, Iowa - Winnebago Industries, Inc. (NYSE:WGO) revealed its fiscal year 2018 profits to investors as well as the company’s fourth quarter results. Revenues for fiscal year 2018 topped $2 billion for the first time, rising to a 30 percent increase in towables. Quarterly revenues increased 18 percent to $536 million.
“Fiscal 2018 was a tremendous step forward for Winnebago Industries in all aspects - strategically, financially, and culturally," President and Chief Executive Officer Michael Happe said in a press release. "Strategically we made strong strides in the journey to transform ourselves into a premier, outdoor lifestyle company, especially with our fourth-quarter entry into the attractive marine market with the acquisition of Chris-Craft. Financially, we are thrilled to exceed the $2.0 billion revenue mark for the first time in our Company’s storied 60-year history, and we are delivering record bottom-line results in the face of inflationary headwinds on material and labor costs. Culturally, our employees are extremely focused on enabling extraordinary experiences in the outdoors for our customers, around a business model platform focused on quality, service, and innovation.”
For complete details including a segmented report, read Winnebago’s full press release to investors.