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Winnebago Industries, Inc (WGO): Q2 2020 Earnings Snapshot

Earnings Update by AlphaStreet

— Winnebago Industries (NYSE: WGO) reported earnings of $0.67 per share in the second quarter of 2020, in line with Wall Street expectation. 

— Q2 revenue rose 45% to $626.8 million, vs. $614 million expected. Revenues for Newmar, which was acquired in the first quarter of fiscal 2020, were $138.4 million.

— Revenues for the Towable segment increased 13.1% to $283.5 million in Q2, while that from Motorhome segment almost doubled to $325.5 million.

— Two days ago, the company had announced that it was temporarily suspending most production activities at Winnebago, Grand Design RV, Newmar, and Chris-Craft facilities. 

— WGO shares rose 1.2% immediately following the announcement. 

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