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Winnebago Overcomes Weather to Post Solid 2Q
Posted By RVBusiness On March 28, 2014 @ 12:20 pm In Breaking News | No Comments
Although the severe winter had an effect on Winnebago Industries Inc. during the second quarter of fiscal year 2014, the company was able to overcome it, Winnebago’s Chairman, CEO and President Randy Potts said Thursday (March 27) in a conference call with investors.
The Mason City Globe Gazette reported that despite inefficiencies created by severe weather, the company posted revenues of $228.8 million, an operating income of $14 million and a net income of $9.6 million for the second quarter that ended on March 1. When compared to the same quarter of fiscal year 2013, revenues increased by 29.2%, operating income increased by 58.2% and net income increased by 52.6% in the second quarter of fiscal year 2014.
“I just can’t imagine any other group pulling it off quite as well as this team did,” Potts said of the company’s more than 2,000 employees.
The winter caused the motorhome company to close several days, work shifts with people who couldn’t get to work and adjust work days, Potts said. It also caused problems with deliveries, increased utilities and created general inefficiencies, said Sarah Nielsen, the company’s CFO.
The ability to overcome challenges from severe weather contributed to the bottom line but so did increased sales of motor homes, Nielsen said when the company announced its fiscal quarter results Thursday morning.
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