Winnebago beats by $0.09, beats on revs
- Reports Q3 (May) earnings of $1.02 per share, $0.09 better thanthe Capital IQ Consensus of $0.93; revenues rose 18.0% year/year to $562.3 mln vs the $540.59 mln Capital IQ Consensus.
- During the quarter, the Company utilized a portion of its tax reform benefit for employee bonuses and making a contribution to its foundation, leading to a one-time expense of $3.4 million, or $0.11/share, net of tax.
- Consolidated Adjusted EBITDA was $53.4 million for the quarter, compared to $47.3 million last year, an increase of 12.7% driven by strong Towable segment revenue and profit growth.
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