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Winnebago Marks 52-Week High on Strong 1Q
Posted By RV Business On December 28, 2012 @ 10:14 am In Breaking News | No Comments
Winnebago Industries Inc. hit a 52-week high of $16.94 per share following its impressive fiscal first-quarter report on Dec. 20, according to NASDAQ.com.
Winnebago also achieved a Zacks No. 1 Rank (Strong Buy) based on strong earnings estimate revisions.
The Forest City, Iowa-based company reported a 46.8% increase in sales for its first quarter while earnings rose to $7.4 million compared to $1 million the previous year.
Winnebago also reported a 242.7% year-over-year hike in product backlog for the current quarter, led by the high-margin gas- and diesel-powered Class A motorhomes.
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