Boston, MA, 03/28/2014 (usastockreports)- Winnebago Industries, Inc. (NYSE:WGO) the largest motor home maker brand in the US has good news to share. The Company recently released financials for the second quarter in 2014 and has posted a growth in its profits.
WGO climbs steadily
Where the motor home market is concerned, Winnebago Industries, Inc. (NYSE:WGO) has been enjoying the spotlight exclusively. In an industry where success stories are few and far between, here is a company which seems to be enjoying a smooth sailing weather. In the recently released financials, the company has shown a positive growth in its gross margins. Even as harsh weather conditions that the US is faced in December and January led to several operational issues and increased expenses, WGO has managed to come out smiling as far as profits are concerned.
The company has exhibited a steady increase in its earnings per share. It is not mere coincidence then that shares volumes being traded have gone up steeply for this company in recent times.
The company has reported a remarkable 53 percent jump in its profits. That the figures come at a time when businesses have been devastated by transportation and operational issues arising due to the severe winter in the North American regions is still more reason why the company deserves greater applause.
WGO turns around its fortunes.
Winnebago Industries, Inc. (NYSE:WGO)’s competitor Thor Industries meanwhile has experienced a slump in its revenues and has attributed the same due to the disruption caused by the storm laden winters.
However it should be noted that shares of Thor Industries along with those of WGO have been steadily climbing.
Despite harsh weathers these makers of recreational vehicles seem to have suddenly caught onto the investors fancy. This is a far cry from its fortunes last year when WGO’s shares tanked nearly 14% after the company failed to reach the revenue estimates in Q1.
Forest City, Iowa based Winnebago Industries, Inc. (NYSE:WGO)’s shares are currently priced at $27.54.