(March 25, 2019) — Winnebago Industries reported second-quarter earnings of $0.68 a share, beating the $0.58 that analysts surveyed by Bloomberg were expecting. Operating income decreased by 18% to $29 million, compared to $35 million in the second quarter of last year.
Revenues for the RV maker were light, coming in at $433 million, more than 7% below the $468 million that analysts had hoped for.
The results were driven primarily by a weakening in RV sales. Revenue for the motorhome segment was down 17% to $164 million, while revenue for towables fell 6% to $251 million.
Shipments to dealers from all manufacturers combined slipped again in February, as reported by the RV Industry Association earlier in the day.