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StockNews.com
Business
Pragya Pandey

Winnebago: Down More Than 25% in 2022, is Now a Good Time to Scoop Up Shares?

WGO Winnebago Winnebago Industries Inc

Winnebago Industries, Inc. (WGO) in Forest City, Iowa, designs and distributes recreational vehicles and marine equipment for leisure travel and outdoor recreation activities. It operates through six segments: Grand Design Towables; Winnebago Towables; Winnebago Motorhomes; Newmar Motorhomes; Chris-Craft Marine; and Winnebago Specialty Vehicles.

For its fiscal second quarter, ended Feb. 26, 2022, revenue for its Towable sector increased 47.2% year over year to $646.6 million, owing mostly to strong customer demand for Grand Design and Winnebago branded goods. Due to its positive pricing and operational discipline, WGO’s quarterly adjusted EBITDA increased 61.3% year-on-year to $100.6 million. Its backlog in the category was $1,873 million (47,438 units), representing a 55.2% increase year on year.

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