As Winnebago Industries Inc. is set to report its fiscal 2018 first-quarter earnings Wednesday (Dec. 20), the stock reached an all-time high yesterday.
According to the Weekly Register, the milestone represents more upside for the $1.83 billion company, which is poised to move higher in today’s trading.
The stock increased 2.85% during Monday’s trading session, reaching $57.65 as about 460,306 shares traded. Winnebago’s stock has risen 28.17% since Dec. 18, 2016, and has outperformed by the S&P 500 by 11.47%.
In October, Winnebago reported a 72.8% increase in revenues for its fiscal fourth quarter lifted by towable sales from the company’s Grand Design RV Co. division.
Revenues for the fourth quarter totaled $454.9 million compared to $263.3 million for the fiscal 2016 period. Net income was $24.9 million, or 79 cents per diluted share, an increase of 89.6% compared to $13.1 million, or 49 cents per diluted share, in the same period last year.