Winnebago Industries (NYSE:WGO) spotted trading -52.17% off 52-week high price. On the other end, the stock has been noted 79.16% away from the low price over the last 52-weeks. The stock changed -2.32% to recent value of $30.35. The stock transacted 863140 shares during most recent day however it has an average volume of 734.69K shares. The company has 34.50M of outstanding shares and 32.21M shares were floated in the market.
On March 25, 2020, Winnebago Industries (NYSE:WGO) a leading outdoor lifestyle product manufacturer, released financial results for the Company’s second quarter Fiscal 2020.
Second Quarter Fiscal 2020 Results
Revenues for the Fiscal 2020 second quarter ended February 29, 2020, increased 44.9% to $626.8 million compared to $432.7 million for the Fiscal 2019 period. Revenues for Newmar, which was acquired in the first quarter of Fiscal 2020, were $138.4 million. Revenues excluding Newmar increased 12.9% to $488.4 million. Gross profit increased 20.1% to $79.8 million, compared to $66.4 million for the Fiscal 2019 period. Gross profit margin decreased 270 basis points in the quarter, primarily driven by a change in mix due to the inclusion of a full quarter of Newmar, the impact of inventory step-up purchase accounting related to the Newmar acquisition and start-up costs associated with our Towable segment new production facilities. Operating income was $29.6 million for the quarter, compared to $28.9 million in the second quarter of last year. Fiscal 2020 second quarter net income decreased 20.0% to $17.3 million compared to $21.6 million in the same period last year. Reported earnings per diluted share decreased 25.0% to $0.51 compared to reported earnings per diluted share of $0.68 in the same period last year. Consolidated adjusted earnings per share increased 9.8% to $0.67 for the second quarter, excluding inventory step-up and the non-cash portion of interest expense, totaling $5.4 million, or $0.16 per share, after tax. Consolidated Adjusted EBITDA increased 31.7% to $45.4 million for the quarter compared to $34.5 million last year.
Its earnings per share (EPS) expected to touch remained 9.50% for this year while earning per share for the next 5-years is expected to reach at 15.00%. WGO has a gross margin of 14.50% and an operating margin of 6.50% while its profit margin remained 4.40% for the last 12 months.
According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -13.83% from the mean of 20 days, -37.62% from mean of 50 days SMA and performed -30.41% from mean of 200 days price. Company’s performance for the week was 33.17%, -43.20% for month and YTD performance remained -42.71%.