Profits Increase at Winnebago

Winnebago Industries ended its 2010 fiscal year on a positive note with net income of $4.9 million in the fourth quarter and $10.2 million for the year. This contrasted with a net loss of $78.8 million in fiscal 2009.

Revenues for fiscal 2010, which ended August 28, were $449.5 million—more than twice the $211.5 million reported in 2009.  Bob Olson, Winnebago chairman, CEO and president, said, “Increased motorhome delivery volume continues to be a driving force behind our improved results; however, we remain cautious until we see continued retail growth.”

Winnebago’s results continued a pattern of improved earnings for RV manufacturers, Last month, Thor Industries, the world’s largest manufacturer of RVs and a major builder of commercial buses and ambulances, reported net income for its fiscal year, ending July 31, of $110 million on sales of more than $2.2 billion.

Nikki

Nikki is a writer and editor for Do It Yourself RV, RV LIFE, and Camper Report. She is based on the Oregon Coast and has traveled all over the Pacific Northwest.