Winnebago Industries Inc. WGO, +1.24% shares jumped nearly 6% in Wednesday premarket trading after it reported fiscal third-quarter earnings that blew past Street views.
The outdoor lifestyle company posted net income of $117.2 million, or $3.57 per share, up from $71.3 million, or $2.05 per share. Adjusted EPS of $4.13 far exceeded the FactSet consensus for $2.96. Revenue of $1.458 billion was up from $960.7 million and also beat the FactSet consensus for $1.207 billion. Revenue growth included the recent acquisition of pontoon boat company Barletta, price increases and shipments related to dealer backlog. Winnebago stock is down 39% for the year to date while the S&P 500 index SPX, +2.45% is down 21%.