Winnebago Industries Inc. shares rise 3.8% in Wednesday premarket trading after the outdoor lifestyle company reported record fourth-quarter earnings and results. Net income totaled $84.1 million, or $2.45 per share, nearly doubling the $42.5 million, or $1.25, the company reported last year. Adjusted EPS of $2.57 exceeded the FactSet consensus of $2.01. Revenue totaled $1.036 billion, up from $737.8 million last year and also ahead of the FactSet consensus of $959 million. Winnebago announced a new share repurchase program of $200 million last week, which doesn’t expire and replaces the previous program. Winnebago stock has gained 20.5% for the year to date, just ahead of the S&P 500 index , which is up 20.3% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
